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MACOLA 10.3 NOW AVAILABLE

exact newBefore new management came to town, there was no new version of Macola released in 10 years. Now, Exact has gone from introducing Version 10 last year to Exact Macola 10.3 this month. Features include integration with Avalara's sales tax software, AvaTax. Exact has added Windows 10 support and Spanish language support throughout the product. The company says this bolsters its recent focus and expansion within Latin America.

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BLACKBAUD EXTENDS CEO'S JOB

Mike Gianoni, Blackbaud The contract of Blackbaud CEO Mike Gianoni has been extended for four years and he has been granted some plump rewards. Gianoni's salary was raised to $700,000 annually, up from a $600,000 based and he was granted a restricted stock grant of the Company's common stock valued at $5 million, which vests on Dec. 31, 2019 if he is still employed. The announcement by the nonprofit software publisher credited Gianoni with "a rapid wave of innovation within its product portfolio, significantly improved client satisfaction, and has experienced more than 60-percent growth in its stock price."

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INFOR REVS SHIFTING TO SUBSCRIPTION

The results for software vendor Infor for the second quarter ended October 31 are difficult to describe. The company swung to a loss over the prior year with a drop in revenue. However, Infor is being impacted by a switch of its fiscal year end from May 31 to April 30, which means the push for sales by the ends of quarters is different. The loss for the most recently ended quarter was $2.9 million, compared to income of $13.1 million a year earlier. Revenue dropped to $663.3 million, down 3.3 percent from $685.6 million in the year earlier quarter.

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