News and Analysis

News and Analysis (15709)

SAGE'S KELLY SAYS STRATEGY WORKING

Steve Kelly, SageIn his first earnings webcast, Sage's new chief executive Steve Kelly, declared that the strategy set by his predecessor, Guy Berruyer, is working. While discussing results for the year ended, September 30, Kelly also said the company needs to accelerate execution and  that means the company needs to increase the "pace of execution" and his comments about elements that will be continued include "product rationalization and shift in investment towards investment in growth."

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INTUIT CEO: $16 MILLION MAN

Brad Smith, Intuit Intuit has been on a roll all through 2014 and the company's board of directors thought CEO Brad Smith deserved credit (well, over-achieved on goals set for him). That's the main way to read the compensation report that shows Smith received $16.5 million in total pay for the year ended July 31, up 33 percent from $12.5 million in fiscal 2013. The total was pushed up by option awards, which more than doubled to $3.5 million for the recently ended year, up from $1.6 million.

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XERO ADDS EXECS IN U.S.

Rod Drury, Xero Xero, which has been shoring up its North American leadership, has hired three new leaders. The moves follow the September departure of Peter Karpas as CEO of the cloud software company's North American operations after seven months. In a prepared statement CEO Rod Drury said, "We're thrilled at the growth we're achieving in our initial three markets and are now focused on execution in the important U.S. market and are making good progress on building our leadership team there."

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SBS ADDS ACUMATICA LEADER

Gary Francart, SBS GroupThe SBS Group has signaled its plan to develop its Acumatica business. It has hired Gary Francart as national practice manager for the cloud-based financial software. Francart joined the Edison, N.J.-based VAR this month after working for five years and three months as director of sales for Frederick, Md.-based KTL Solutions, which he joined in May 2004.

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EIDE BAILLY ACQUIRES ASI

Bredt Eggleston, Accounting SystemsEide Bailly has acquired Accounting Systems Inc., a Fort Collins, Colo.-based accounting software vendor. ASI has become part of Eide Bailly's Technology Consulting organization. ASI co-founder Bredt Eggleston has joined the Fargo, N.D.-based accounting firm as a principal. The Colorado company carries Sage 100/500, X3, Syspro and Acumatica. However, the Eide announcement singled out the importance of the addition to the Sage practice.

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NO BSI NEWSLETTER NOVEMBER 28

Bob ScottTo give our readers time to camp out at WalMart or K-Mart on Black Friday, there will be no Bob Scott's Insights newsletter on Friday, November 28. News will continue to be posted to the website as conditions dictate. Emailing of the newsletter will resume on Friday, December 5. So go kill a turkey or something.

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DELTEK TAKE CRM TO CLOUD

Namita Dhallan, DeltekDeltek has moved to the cloud with the launch of Deltek CRM. The introduction broadens the Reston, Va.-based company's line up in this application area, which already includes the desktop Vision CRM for professional services firms and GovWin Capture Management for government contractors. Deltek CRM was one of a number of announcements from this month's Insight 2014 user conference. The company also has released Maconomy 2.0, its accounting application for professional services firms.

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INTUIT PAYROLL, QBO REVS SURGE

Brad Smith, IntuitFor its first quarter, Intuit loses money since it is outside of tax season. The question is how much it loses; in this case $84 million for the period ended October 31, compared to $11 million in last year's corresponding period. However, the fact the company is now recognizing all revenue ratably is shoving $400 million into fiscal 2016 and beyond has a role in boosting the red ink. On the top, Intuit reported revenue $672 million, an increase of 8 percent from $622 million a year ago.

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DELTEK HIRES SERVICES EXEC

Duane Kotsen, DeltekDeltek has named Duane Kotsen to the position of SVP of Global Services. The position is a new one for the Reston, Va.-based publisher of project management applications. CEO Mike Corkery said the company has been successful moving upmarket and it expects the addition of Kotsen will assist in that arena and in its increasingly international operations.

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SAP SELLS TWO TIER BYD

 Rainer Zinow, SAPSAP is increasingly pitching its often-maligned Business ByDesign cloud application into two-tier installations. The product is aimed at divisions at companies that run the SAP Business Suite at the enterprise level. It's a strategy also being followed by competitor NetSuite which pitches its SaaS application as something that companies with SAP at the core can deploy at divisions. However, SAP argues that It is far easier to integrate two SAP-developed products than one from SAP and one from an outsider.

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