Epicor has discovered "material" errors regarding reporting for income taxes in the financial statements for two years and three quarters of another. This is at least embarrassing as Epicor's audit committee found financial statements for the years ended Sept. 30, 2012 and 2013 and first, second and third quarters fiscal 2014 cannot be relied on because of those errors.

Infor had a good quarter for the period ended October 31, even thought net income of $13.1 million was sharply lower than the $65 million in earnings' reported a year earlier. Revenue rose to $685.6 million for the recently ended second quarter, an increase of 3.6 percent, from $673.2 million. However, consulting revenue dropped to $180.8 million, down 4.1 percent from $188.6 million a year ago. CEO Charles Phillips spelled out the reasons during this week's earnings webcast.

Avalara has acquired VATLive.com, an online service that provides tax news, analysis and rate changes. The Bainbridge Island, Wash.-based sales-and-use tax vendor, apparently putting its recently $100 million in funding to use quickly, said the deal is important in its work to expand globally by supporting indirect tax needs in other countries. Avalara will maintain and develop VATLive.com.