News and Analysis

News and Analysis (15710)

STOCK, OPTION AWARDS BOOST AVALARA COMP

Some healthy stock and option awards sharply boosted the compensation of named executives at Avalara in 2019. The proxy filed this week with the SEC showed that compensation for CEO Scott McFarlane by nearly four times the amount for 2018.

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GIANONI PAY ROSE DOUBLE DIGITS

Blackbaud CEO Mike Gianoni received $11.1 million in compensation for 2019, an increase of $9.3 million from the prior year. The pay amount was disclosed as part of Blackbaud’s proxy statement recently filed with the SEC.

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SAGE OPENED UP TRAINING

Sage has made training for its partners free during the coronavirus crisis. “We launched it to our partners two weeks ago,” Nancy Teixeira, Sage’s VP of North American strategy and sales, said this week.

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WIPFLI BUYS TIDESTONE

Dynamics reseller Tidestone Solutions, whose markets include craft brewing, has been acquired by accounting firm, Wipfli. Terms were not disclosed.

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ACCUFUND SIGNS NEW RESELLER

Nonprofit software vendor AccuFund has signed Rochester, N.Y.-based EFPR Solutions to resell the online version of the AccuFund Accounting Suite. EFPR is an affiliate of regional CPA firm, EFPR Group.

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SAP DOWN TO ONE CEO

The tenure of the new Co-CEOs at SAP ended abruptly this week. The German software company said co-CEO Jennifer Morgan has left the company effective April 20.

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VISMA RIDES M&A, CLOUD

Acquisition-hungry Visma this week reported 21.9 percent revenue growth for 2019 with cloud revenue and new cmpanies adding to its operations. The Norway-based company has already bought six companies in Scandinavia and the Netherlands this year after picking up 20 in 2019.  

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BLACKBAUD LOOSENS GRANTS

Blackbaud has eased the requirements for organizations to receive Blackbaud Community Matters Grants Program. Originated in the late 1990s, the grants involves employees in reading applications, attending site visits and assisting with funding decision.

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BLACKBAUD CONSERVING CASH

Blackbaud has taken a number of steps to conserve cash in its operations. Among the measures implemented this month are the suspending of its quarterly cash dividend 401(k) matches. The nonprofit software company also says CEO Mike Gianoni will not take any pay for the foreseeable future.

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RSM BUYS GOV’T CONTRACTING PACKAGE

RSM has acquired a software package from XTIVIA. The application, which will run with Dynamics 365 Finance, will be named Dynamics Finance—Government Contracting.

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