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AVALARA SPENDS INTO MARKET

Scott McFarlane, AvalaraAvalara more than doubled its loss for the second quarter ended September 30 as it spent to grow its market. The company’s revenue rose by 24.3 percent over last year’s corresponding period, but operating expenses were up 41.1 percent over a year earlier.

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INTUIT SETS GOODARZI’S PAY

Sasan Godoarzi, IntuitIntuit has changed compensation terms for Sasan Goodarzi, who will become Intuit’s CEO on January 1. He will succeed Brad Smith, who will become executive chairman on that date. Goodarzi’s base salary will be $1 million, up from the $750,000 he currently receives.

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MYOB TALKING TO KKR

myobMYOB Group has agreed to grant information access to KKR, which has proposed a takeover of the Australia-based software company. Meanwhile, MYOB noted that KKR has raised its cash bid to A$3.77 per share from A $3.70 per share.

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