Deltek plans to buy HRsmart, which offers unified talent management acquisitions. That means the online applications cover recruiting, onboarding, training, compensating and developing employees. Herndon, Va.-based Deltek, which markets financial applications for project-based businesses, says it will sell, support and develop the acquired company's products.

Sage has eliminated its Field Sales team for payments. A spokesperson said the company notified the reps last week and at the same time is ramping up its telesales staff. "We made this decision based on the fact that a significantly higher number of deals are signed by our telesales team versus our direct field sales team," she said. Cross-selling payment services has been a major revenue producer for Sage—representing about 20 percent of North American revenue.

Xero has raised about $110.8 million in capital and named a new president in the United States. The company said this week Accel Partners is contributing $100 million in funding with current shareholder Matrix Capital Management chipping in $10.8 million. Well, this could explain the recent rise in the company's stock price. Meanwhile, Xero said that former Dell executive, Russell Fujioka, has been named president of its United States operations.