News and Analysis

News and Analysis (9821)

APTEAN BUYS OPEN SYSTEMS

Aptean has acquired one of the oldest companies in the mid-market ERP space, Open Systems. Terms were not disclosed.

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NETSUITE RESETS ACCOUNTANTS PROGRAM

Oracle NetSuite has launched a new accountants’ program, SuiteAccountants. Designed to bring the software company’s offerings for firms under one umbrella, the program is also part of an effort to emphasize serving small and mid-size businesses.

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QAD VERTICALS HAVE MIXED RESULTS

Cloud revenue strongly helped QAD for its third quarter ended October 31. But the company said the COVID-19 pandemic had mixed results on its vertical markets. 

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TRUECOMMERCE ACQUIRED, ACQUIRES

It has been a busy month for EDI company TrueCommerce which will have new ownership and made its own acquisition. Current owner Accel-KKR is selling TrueCommerce to private equity investment firm, Welsh, Carson, Anderson & Stowe.

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MENLO BUY AIDS QUISITIVE RESULTS

 The purchase of reseller Menlo Technologies earlier this year helped Quisitive more than double its revenue for the third quarter ended September 30. Toronto, Ont.-based Quisitive also benefited from revenue from its LedgerPay line.

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QBO ADVANCED CUSTOMERS DOUBLE

Intuit says that the number of customers doubled in the year ended July 31. During the recent earnings webcast for the first quarter ended October 30, CEO Sasan Goodarzi said the total reached 75,000 customers.

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NET AT WORK/ACCTWO  TOP SAGE, INTACCT VARS

Net at Work has been chosen as the Sage Top Overall Sales Partner for the year ended September 30 while AcctTwo was picked as the Sage Intacct Overall Partner of the Year. The selections were announced as Sage this month simultaneously disclsoed awards for its two reseller channels for the first time

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NET AT WORK ABSORBS ANOTHER VAR

 Net at Work continues mopping up smaller Sage resellers this month. It most recently said it has purchased Pleasanton, Calif.-based Sysera, a Sage 300 reseller. New York-based Net at Work has said there will be more purchases of smaller Sage resellers that are part of its network program.

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SAGE TO BOOST R&D BY TWO POINTS

Sage intends to increase its spending for research and development from about 15 percent of annual recurring revenue to 17 percent, chief executive Steve Hare said. He made his comments during this week’s webcast for earnings for the year ended September 30, a year marked by the continuing move to the cloud.

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ANTI-SALESFORCE C3 AI GOING PUBLIC

 

C3 AI, led by industry CRM vendor Tom Siebel, has filed to go public. The company, which utilizes technology from Microsoft and Adobe Systems, is picturing its AI-based technology as superior to that provided by market leader Salesforce.com.

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