News and Analysis

News and Analysis (9619)

MORGANFRANKLIN BUYS KRAFT UNIT

MorganFranklin Consulting has acquired the Dynamics Practice from Kraft Enterprise Systems. Terms were not disclosed.

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STATE OF VAR BIZ?: IT DEPENDS

If resellers can get through the COVID-19 crisis, the anticipate strong demand for cloud products. But for right now, the services clients are are asking for vary widely.

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PROCORE OFFERS PROJECT AID

Procore is offering access to its products and customer support key projects at no additional cost. The construction software company said recently it will provide the aid to those building a temporary healthcare facility or one for product of medical supplies.

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MICROSOFT RAMPS UP FOR VIRUS 

Microsoft has turned its software platforms to meeting needs of users during the coronavirus crisis. That includes the release of two Power Platform applications so customer can coordinate information and resources, along with a Power Virtual Agents bot to manage crisis response.

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ORACLE FLOATS $20B IN NOTES

Oracle has priced $20-billion in notes this week. The company issued six tranches of debt with interest rates ranging from 2.5 percent for notes due 2025 to 3.85 percent for notes due 2060.

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MAPADOC SALE MAKES SILVERSUN NET

The sales of its Mapadoc operations gave SilverSun Technologies its profit for the year. The company, parent to SWK Technologies, posted net income of $6.8 million for the year ended December 31, up from $262,432 the prior year.

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INSPIRE, SAPPHIRE BITE THE DUST

Microsoft Inspire and SAP’s Sapphire now and ASUG Annual conference they have been cancelled in-person events. The Microsoft event was scheduled for July 18 through July 22, which says the company does not think recovery is just around the corner.

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SAGE SUSPENDS SHARE BUY BACK

Sage announced the commencement of its share buyback on March 11. It said on March 18 the program was suspended as the Covid-19 pandemic took its toll on the markets. The official statement was the action was  “in order to preserve a high level of liquidity.”

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COLUMBUS ENDS DIVIDEND

A slow-down in business has caused reseller Columbus to suspend its dividend. The company said during the week’s webcast for earnings for the year ended December 31 that it is also writing down goodwill on its North American business by roughly $13 million.

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RANDOM THOUGHTS: ANDREW CUOMO

I think I made a tactical error when a friend asked me, “Does this dress make me look fat?" "No, it’s not the dress.”  

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