News and Analysis

News and Analysis (9582)

FFORCE RENAMES CONFERENCE

FinancialForce has changed the name of its use conference. Formerly called Community Live, the event will now be named FinancialForceX Summit.

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MAPADOC SALE BOOSTS SILVERSUN

The sale of its Mapadoc EDI business ballooned the bottom line for SilverSun Technologies for the quarter ended September 30. The $10.1-million gain on disposal resulted in net income of $7.7 million for the most recently ended quarter from $170,932.

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COLUMBUS U.S. BIZ STAYS DOWN

Columbus said a recovery of its business in the United States is just around the corner, well 2020. The Denmark-based reseller and developer said in this week’s webcast for earnings for the third quarter ended September 30 it will see further sales declines in 2019 but expects to report growth next year.

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FAYE TAKES OVER INTELESTREAM

Faye Business Systems Group has merged in Chicago, Ill.-based Intelestream. Both are SugarCRM resellers. Faye, the 2018 SugarCRM Global Reseller of the Year, claims to be one of the largest dealers for the open source CRM product.

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SIS NAMES BISHOP AS CTO

SIS, a Dynamics reseller, has hired David Bishop as chief technology officer. It is the first time the Duluth, Ga.-based firm has had a CTO.

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XERO HITS 2M SUBSCRIBERS

Xero ended its half on September 30 with 2 million subscribers. The New Zealand-based cloud company said during its release of results for the six months that the number represented a 30-percent increase over its subscriber base at the end of the first half of fiscal 2019.

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NETSUITE IN NEW LOW-END FOCUS

For many years, the product focus for Oracle NetSuite has often been about moving up-market. But that is changing with the organization formulating a plan to expand more aggressively down-market, according to Craig West, VP of channel sales.

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AVALARA REPORTS BROAD GROWTH

Avalara sharply cut its loss for the third quarter ended September 30, while revenue rose by 41.2 percent. The improvements came in all areas, CEO Scott McFarlane said during this week’s earnings webcast. 

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SAGE INTACCT NAMES PRESIDENT’S CLUB

Sage Intacct has named 14 organizations to its Presidents’ Club for 2019. The announcement of the selection followed the company’s recent Advantage conference.

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DYNAMICS VAR GEMKO SOLD

The Gemko Information Group has been sold to Netsmartz, a Rochester, N.Y.-based reseller. Gemko has been a division of the Bonadio Group since that CPA firm acquired the Buffalo, N.Y.-based CPA firm Gaines Kriner Elliott in 2013.

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