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RANDOM THOUGHTS: GOP TV SPOT

Just read that the head of chief of staff in North Korea has been executed. The following memory was delivered to his successor: "We've got good news and bad news. The good news is you've been named head of the army. The bad news is your execution is scheduled for next year. ... Federal prosecutors have decided upon an appropriate punishment for the militia that occupied an Oregon wildness area. They will be sent to bed without their supper. ... This week's test is to talk about all the great Super Bowl ads and try to remember what they were advertising.

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TRAVERSE TIES TO AVIDPAY

AvidXchangeOpen Systems has formed a partnership with AvidXchange to integrate with the latter's AP payments applications. The agreement will provide the ability for Open System's Traverse users to access AvidXchange's AvidPay payment system. The companies plan to provide joint activities, such as educational webinars and conferences. Open Systems says AvidPay can be implemented with relative speed and all AvidXchange products come with a 45-day implementation guarantee. Based in Charlotte, N.C., Avid last year completed $225 million in minority growth financing led by Bain Capital Ventures.

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BLACKBAUD REVS UP; NET OFF

Mike Gianoni, Blackbaud Blackbaud reported that net income dipped to $25.6 million for the year ended December 31, down 9.4 percent from $28.3 million in 2014. The nonprofit software company reported revenue of $637.9 million for the most recently ended year, an increase of 12.8 percent from $564.4 million the prior year. CEO Mike Gianoni said in a prepared statement the company was pleased with results in the fourth quarter, especially considering the fact that it was a transition year as the company began marketing its Raisers Edge NXT and Financial Edge NXT cloud products.

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