
PMG Admin
DEMANDFORCE BUYER NAMED
- Friday, 15 January 2016
Internet Brands has agreed to acquire Demandforce, one of Intuit's shortest-lived, high-profile acquisitions of the Brad Smith era. Demandforce publishes web-based marketing software. The deal is expected to close next month. No price was disclosed. Founded in 2003, Demandforce, acquired by Intuit during the tenure of its current CEO in 2012 for $424 million, offers communication, reputation and networking tools.
SAP RIDES S4/HANA TO STRONG 2015
- Wednesday, 13 January 2016
NetSuite may have to find another way to beat up on SAP after the Germany-based software company announced increases in revenue that included a double-digit rise in software license income for its fourth quarter. SAP also had what it called exceptional growth in cloud revenue for the fourth quarter ended December 31 as it issued its preliminary 2015 results this week.
EVP SPRING GONE FROM SAGE
- Friday, 08 January 2016
Earlier this month, I just missed Rich Spring, Sage North America's EVP and chief revenue officer, who was talking to someone at the Information Technology Alliance conference. He darted away before I could talk to him. No need now as the Spring era has ended. Spring, who joined the company in April, has left with Sage thanking him for his time. CFO Marc Scheipe, who is serving as interim president of Sage North America, will take over his duties until a replacement is found.
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