News and Analysis

News and Analysis (15357)

SAP YEAR REVS UP 6 PERCENT

 SAP as reported that revenue for the year ended December 31 reached approximately $33.8 billion, an increase of 6 percent over 2022, up 9 percent in constant currency.

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VISMA 4Q REVS UP 16.7 PERCENT

Visma has reported revenue of about $707 million for the fourth quarter ended December 31. The Norway-based ERP vendor reported a loss of roughly $1 million, compared to earnings the prior year.

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SWK PARENT FILES WITH SEC

SilverSun Technologies Holdings/NV, parent to reseller SWK Technologies,, has begun the process of separating from the public company SilverSun Technologies.

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WILTON PROMOTED AT LBMC

Bryan Wilton, who has served as chief revenue officer, has been named president of LBMC Technology Solutions. In the new role, he oversees day-to-day operations.

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SAGE N. AM REVS UP 13 PERCENT

North American revenue rose 13 percent year-over-year for the first quarter ended December, Sage reported this week.

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CPA FIRM CITRIN BUYS MIBAR

CPA firm Citrin Cooperman acquired Mibar, a 33-year-old ERP reseller, based in New York, N.Y. This follows Citrin's purchase last year of Dynamics reseller, FMT Consultants. 

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SAP WHACKED FOR FOREIGN BRIBES

SAP will pay $220 million to resolve cases by the SEC and the Department of Justice over bribes paid by its subsidiaries in South Africa, Azerbaijan and Indonesia, along with its overall Africa unit, to obtain business.

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IFS PICKS U.K./IRISH HEAD 

IFS has named a new managing director for its business in the United Kingdom and Ireland.

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SAGE BUYS BIDMATRIX

Sage has acquired BidMatrix, a bid analysis package, through the purchase of Bridgetown Software. Terms were not disclosed.

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SOVOS BUYS AATRIX

 Sovos, which makes indirect tax software products, has acquired Aatrix Software, which makes software for generating payroll tax forms. Terms were not disclosed.

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