News and Analysis

News and Analysis (15671)

ECI BUYING DUTCH SOFTWARE MAKER

ECI Software Solutions has agreed to by Trivest Beheer, a Netherlands-based publisher of vertical software packages. Fort Worth, Texas-based ECI said the deal will add more than 3,000 customers and 300 employees to its manufacturing division.

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RANDOM THOUGHTS: MOMENT OF SILENCE

In memory of all those who died in Dayton and El Paso and all other mass shootings. It hasn't been a funny week. Back next week.

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INTACCT’S REID SELLS SHARES  

Robert Reid, EVP and managing director of Sage Intacct has sold shares in the Sage Group for about $2 million in gross proceeds. Reid sold 351,555 shares which were acquired through the vesting of restricted shares.

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AVALARA: WAYFAIR NOT TOP DRIVER 

The Supreme Court’s Wayfair decision, which enables states to tax out-of-state sales, is important, but not the top business driver, Avalara executives said this week. The comments were made during this week’s webcast for earnings for the second quarter ended June 30.

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ACUMATICA DRIVES SWK REVS

Sales of Acumatica and third-party products drove increases in sales for reseller SWK Technologies for the second quarter ended June 30. That is an interpretation of results for SWK’s parent, SilverSun Technologies. SWK represents the overwhelming part of Silver Sun’s revenue.

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MYOB GETS NEW CEO

MYOB has named Greg Ellis as its new CEO. He will succeed Tim Reed, following the software company’s acquisition by investment firm KKR in May.

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 SILVERSUN ENDS CLASS B STOCK

SilverSun Technologies has eliminated a Class B Preferred stock plan that gave its CEO, Michael Meller, voting control of the company. The company announced the deal in a filing in the SEC in settling a suit brought by an activist shareholder. SilverSun is the parent of reseller SWK Technologies.

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NET AT WORK SIGNS ACUMATICA

Net at Work has added Acumatica to its product line. The New York, N.Y.-based reseller also named Stuart Blumenthal, who joined in April, will be Acumatica Practice Director.

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WARAWA LEAVING SAGE

 Jennifer Warawa, who has been a key person in partnership programs, is leaving Sage. Warawa said she has accepted a job outside of the software industry.

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SUGAR INTROS CUSTOMER APPS

SugarCRM has introduced a group of customer experience applications. The company this week described the portfolio as combining data unification, augmentation and AI-based analysis to provide customer insights.

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