News and Analysis

News and Analysis (10283)

UNANET HANDS OUT  CHANNEL AWARDS

 Unanet, which makes project management software, has presented awards to its channel for 2021, largely to firms in the government contractor market. 

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RSM NAMED TOP SOLVER PARTNER

RSM US has been named Top Cloud Volume Partner 2021 by Solver. The analytical software service company also gave the Solver Customer Excellence Award 2021 to Sarah Zigler, a director with the accounting and consulting firm.,

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SAGE’S SINFiELD PROMOTED

 Robert Sinfield has been put in charge of Sage’s manufacturing, distribution and supply chain management lines globally, including X3 and Intacct.

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COLUMBUS U.S. BIZ RISES 5 PERCENT

 Columbus’ long-troubled operations in the United States reported a 5-percent increase in revenue for the year ended March 31. The much smaller operation—whose Dynamics small business lines were sold to Enavate last year—eked out a 1-percent increase for the year ended December 31.

 

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VERTEX SPENDING CUTS 1Q NET

Vertex is growing its employee base, which contributed to a drop in net income for the first quarter ended March 31.

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XERO 2022 SUBS GROW 19 PERCENT

Cloud software vendor Xero closed its year on March 31 with 3.27 million subscribers, an increase of 19 percent from the total at the end of fiscal 2021, it said this week. 

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SERVICES REV DROP DENTS SILVERSUN 1Q

SilverSun Technologies, parent of reseller SWK Technologies, saw 30.3-percent increase in product sales offset by a 5.2-percent drop in services revenue for the first quarter ended March 31.

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AVIDX SEES GROWTH ACROSS VERTICALS

AvidXchange reported customer demands was broad-based across the vertical markets in which it operates for the firt quarter ended March 31. The payments software company said during its recent earnings webcast that even two verticals hit hard by the pandemic—construction and Homeowner Association management—have bounced back.

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BILL.COM 1Q SOARS ON M&A

The acquisitions of Divvy and Invoice2Go dramatically increased revenue for Bill.com for the first quarter ended March 31. The GAAP loss was up sharply while revenue rose by 152 percent over last year’s corresponding period with organic core revenue up 78 percent.

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2020 RANSOMWARE COSTING B'BAUD

 Blackbaud expenses to pay $25 million to $35 million for costs stemming from a May 2020 ransomware attack. The nonprofit software company, which paid the ransom, faces hundreds of customers claims and 19 consumer class action cases in courts in the United States and Canada.

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