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ERP VENDOR DESKERA RAISES $60M

Shashank Dixit, DeskeraSingapore-based Deskera, which offers cloud-based business software, has raised $60 million in funding. The company, which has offices in India, Indonesia, Malaysia and the United States, plans to use the funds to add to its product portfolio and continue to expand globally.

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QAD RETURNS TO PROFIT

Daniel Lender, QADManufacturing software company QAD posted net income of $1.8 million for its third quarter ended October 31. That compared to a loss of $904,000 in last year’s corresponding period. The improvement came on a 3.4-percent increase in revenue, which rose to $79.6 million in the most recently ended period, from $76.9 million a year earlier.

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SAGE TAKING INTACCT OVERSEAS

Sage plans to introduce Intacct to international markets next year. In reporting this month its results for the year ended September 30, the company says Intacct will be launched into Australia and the United Kingdom and Ireland.

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