News and Analysis

News and Analysis (15700)

VERTEX HIRES CHIEF TAX OFFICER

Mike Bernard, VertexMicrosoft veteran Mike Bernard has been named chief tax officer at Vertex. He will take over the job from Peggi Rockefeller, who is retiring after working with the company since 2012.

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ALITHYA GROUP TAKES OVER EDGEWATER

Paul Raymond, AlithyaGiven the turmoil of the last year, Edgewater Technology is not surprisingly being taken over. The company will disappear into the Alithya, which will have more than $200 million in revenue. Alithya is a company built on both organic growth and acquisition so more deals are likely.

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SAAS GROWS IN ALL INFOR REGIONS

Charles Phillips, InforSaaS subscriptions propelled revenue growth for Infor’s third quarter ended January 31. That growth was held down as perpetual licenses dipped as the transition to the cloud proceeded. Meanwhile, the company’s bottom line took a big hit from currency losses.

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RANDOM THOUGHTS: THE FISH MAN

Fish Man from A bill in the Colorado legislature would enable school nurses to prescribe marijuana. That would make nurses the most popular people in schools. Now if you just combine that with laws that would allow teachers to carry guns:

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SIS ENHANCES CONSTRUCT365

Maxwell Thomas, SISDynamics reseller Strategic Industry Solutions (SIS) has added modules to its Construct365, an enhancement to Dynamics 365, originally written for Dynamics AX. Added to Project Cost Management modules are Production Performance, Backlog Forecasting and enhanced Change Order Management.

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UNIT4 CHOOSES NEW CFO

Gordon Stuart, Unit4 Unit4 has picked Gordon Stuart as CFO, effective next month. He succeeds Yann Lea, who joined the company in that road in 2016. Leca will continue as a senior advisor to the CEO and board of directors.

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AVIDX SETS INTEGRATIONS

Michael Praeger, AvidXchangeAvidXchange has announced two accounting system integrations for its spend management system, Purchase to Pay. The product became possible through the company’s 2017 acquisition of Ariett. The integrations include Dynamics GP and Intacct.

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U.S. OPS HURT COLUMBUS RESULTS

Thomas Honoré, ColumbusContinuing problems in the United States hurt sales for reseller and developer Columbus in 2017. However, despite a 2.9-percent drop in revenue in this country, overall results for the Denmark-based company improved with a 15.9-percent increase in after-tax profits before currency adjustments and a 2.2-percent rise in revenue over 2016 results.

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HIGHJUMP PLANS NEW FEATURES

HighJumpHighJump has spelled out its product plans for 2018. At its recent Elevate conference, the supply chain software company said it will extend automation control through integration with the Inconso warehouse control system.

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DYNAMICS “TENARIFE” ANNOUNCED

Alysa Taylor, MicrosoftThe product code-named “Tenarife” is hitting the market as Dynamics Business Central next month This product is essentially the next-generation of Dynamics NAV in the cloud. There's one wrinkle—for the first time in ages, Microsoft is making nods toward the accounting firm market.

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