Tangicloud for NFPs, a fund accounting package has been launched. The cloud product, based on Dynamics NAV, comes from Tangicloud, founded by Jay and Leisa Malik, the founders of Serenic. The company took responsibility for servicing 14 clients from a software company that suspended operations in July and transitioned them and a small number of other companies since then.

Columbus, the Denmark-based reseller and ISV, has acquired Solana Beach, Calif.-based Tridea Partners. Terms were not disclosed. It is the fourth VAR purchase in the last two years in the United States by Columbus, which will continue its pattern of letting the purchased operation keeping its name and tacking on "A Columbus Company".

FinancialForce has named Tod Nielsen, former EVP of platform at Salesforce, as CEO. He replaces founder Jeremy Roche, who will serve as a special advisor to management. Meanwhile, the company said it is nearing a $100-million runrate and is experiencing revenue growth of more than 40 percent. FinancialForce said the next target is $1 billion in revenue.