News and Analysis (15713)
MICROEDGE RESULTS DISCLOSED
- Wednesday, 17 December 2014
- News and Analysis
- Written by mark
MicroEdge, purchased by Blackbaud in October, had a 3-percent increase in net income on a 4.9-percent rise in revenue for the nine months ended September 30. The MicroEdge numbers were disclosed by the nonprofit software vendor in a recent filing with the Securities and Exchange Commission. For the nine months, MicroEdge, based in New York City, had net income of $2.3 million, down from $2.4 million in last year's corresponding period.
EPICOR: OOPS ON TAX REPORTING
- Tuesday, 16 December 2014
- News and Analysis
- Written by mark
Epicor has discovered "material" errors regarding reporting for income taxes in the financial statements for two years and three quarters of another. This is at least embarrassing as Epicor's audit committee found financial statements for the years ended Sept. 30, 2012 and 2013 and first, second and third quarters fiscal 2014 cannot be relied on because of those errors.
CONSULTING DIP DENTS INFOR
- Friday, 12 December 2014
- News and Analysis
- Written by mark
Infor had a good quarter for the period ended October 31, even thought net income of $13.1 million was sharply lower than the $65 million in earnings' reported a year earlier. Revenue rose to $685.6 million for the recently ended second quarter, an increase of 3.6 percent, from $673.2 million. However, consulting revenue dropped to $180.8 million, down 4.1 percent from $188.6 million a year ago. CEO Charles Phillips spelled out the reasons during this week's earnings webcast.
AVALARA BUYS VATLIVE.COM
- Friday, 12 December 2014
- News and Analysis
- Written by mark
Avalara has acquired VATLive.com, an online service that provides tax news, analysis and rate changes. The Bainbridge Island, Wash.-based sales-and-use tax vendor, apparently putting its recently $100 million in funding to use quickly, said the deal is important in its work to expand globally by supporting indirect tax needs in other countries. Avalara will maintain and develop VATLive.com.
XERO: BACK ON TRACK IN U.S.?
- Friday, 12 December 2014
- News and Analysis
- Written by mark
Xero says it now has more than 400,000 users of its low-cost cloud-based accounting application. That means it has added 29,000 since the second quarter ended on September 30, an increase of 7.8 percent. By comparison, Intuit had 739,000 QuickBooks Online users when its first quarter ended on October 31, up from 683,000 when the fourth quarter ended on July 31, an 8.3-percent increase.
INFOR PAID $30.1M FOR SALESLOGIX
- Friday, 12 December 2014
- News and Analysis
- Written by mark
Infor has disclosed the price it paid for its fall acquisition of Saleslogix, the cloud-based CRM hot potato. The product, now called Infor CRM, was purchased for $30.1 million. In reporting its results for the second quarter ended October, the software company said it recorded goodwill of $18.2 million for the Saleslogix assets it acquired from Swiftpage so we pretty much have an idea of the value carried on Swiftpage's books.
INTUIT ADOPTED XERO SALES TACTIC
- Thursday, 11 December 2014
- News and Analysis
- Written by mark
Intuit's decision to allow accountants sell its QuickBooks products stemmed from watching the success Xero had with that method. "The thing we learned from them [Xero] was their partnership with the accountants as a sales channel," said Jerry Natoli, Intuit's VP of corporate finance and treasurer, said during a webcast this week from a presentation at Barclays Global Technology Conference
NETSUITE SEES FEWER T1 DEALS
- Thursday, 11 December 2014
- News and Analysis
- Written by mark
Fewer corporations are buying Tier One financial products for enterprise-wide use, NetSuite CFO Ron Gill said in a webcast this week. Speaking at Barclays Global Technology Conference, Gill opined that because of the complexity and expense the entire process of buying and rolling out such installations has declined. "We are seeing fewer deployments where somebody does a big bang with Oracle or SAP," Gill said. "We are seeing more focus on solving specific problems."
EPICOR TO BUY SHOPVISIBLE
- Thursday, 11 December 2014
- News and Analysis
- Written by mark
Epicor Software has agreed to buy Atlanta, Ga.-based ShopVisible, a cloud software company that markets retail order management and digital commerce applications. Epicor said ShipVisible's order management system would combine with its own POS, mobile POS, Enterprise Selling, Merchandising and Warehouse Management system to provide an "integrated end-to-end cloud-based solution for omni-channel retailers."
SYSPRO ADDS GP RESELLER
- Thursday, 11 December 2014
- News and Analysis
- Written by mark
It is not often Syspro issues a press release about the signing of a reseller in the United States. But this week, it said it has enlisted Missouri, Texas-based Atrac Solutions, a Dynamics GP VAR. Atrac plans to support its current base, but sell Syspro to new customers particularly those that need manufacturing capabilities. Atrac, owned by Charlie Smith, describes itself as a company of "CPAs and technology professionals" on its website.
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