News and Analysis

News and Analysis (4796)

STUDER GONE FROM FFORCE?

Chief marketing officer Fred Studer has reportedly left FinancialForce. His LinkedIn profile this week still shows him in the position he has held since March 2017. However, Studer’s picture has disappeared from the software company’s management webpage. A query has been sent to him for comment.

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ASIA TEMPERS SAP QUARTER

Trade war and economic issues in Asia held down SAP’s results for the second quarter ended June 30. But in his usual cheerleading fashion, CEO Bill McDermott this week dismissed the impact as a blip.

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IFS 1H REVS JUMP 24 PERCENT

Roos DarrenRevenue for IFS, an ERP vendor based in Sweden, jumped 24 percent for the first half ended June 30. The company said this week its top line was $322 million. IFS is owned by EQT Partners, which recently acquired Acumatica.

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BRAINSELL ADDS TO CONSULTING

Brainsell Technologies has established a customer experience branch of its consulting practice. The Topsfield, Mass.-based reseller named Garrett Hogan, one of its account executives, as VP of the unit.

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HANSAWORLD SEEKS VARS

HansaWorld, a financial software vendor based in Sweden, is looking for resellers in North America. The company has been in the United States for several years, but the push to grow a channel is new.

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M&A BUOYS VISMA

Visma, a financial software company based in Norway, saw revenue for the second quarter ended June 30 jump to about $428.9 million, an increase of 43.6 percent over a year ago. The acquisition of four companies during the quarter contributed to the jump.

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PRODWARE REVS DIP IN 2Q

Prodware, a Dynamics and Sage reseller based in France, reported that revenue for the second quarter ended June 30 dropped by 2.1 percent to about $49.4 million. The top line was off by 7.6 percent on a like-by-like basis, the company said this week. 

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VAR QUISITIVE RAISES $115K

Quisitive Technology Solutions, a Toronto, Ont.-based Dynamics VAR has raised about $115,000 ($150,000 Canadian). The offering was non-brokered private placement financing of 750,000 common shares of stock.

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STRATEGIES GROUP BUYS ACUMATICA UNIT

The Strategies Group has acquired the Acumatica business unit of Boston, Mass.-based United Solutions. Both are construction software resellers.

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EPICOR MAKES INT’L VAR AWARDS

Epicor Software has presented its International Partner Excellence Awards. The awards were made at the recent partner summit in Kuala Lumpur, Malaysia

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