Marc E. Chardon, Blackbaud’s CEO, had a good 2010 as his pay hit $4.55 million on a big option award for the year. Option awards of $2.77 million for the year just ended compared to $418,907 in that category in 2009 and propelled him well past the $2.04 million in total compensation that year. Read more...

Avalara has raised another $10 million in venture funding with another $11 million remaining to be sold in an offering, according to documents filed with the SEC. The Form D shows that the sales-and-use tax software company does not plan to use any of the funds for merger or acquisition. It sold $600,000 last fall, $4.9 million in May and $5 million in January. Shares remaining to be sold won't necessary be acquired by investors.

Exact reported that revenue for the first quarter ended March 31 fell to about $75.4 million, down about 1.7 percent from last year’s corresponding period when the change is measured in euros. The company reported, however, that on a like-for-like basis revenue rose by 3.3 percent. I had to look up the term – which is the same concept as same-store sales in retail – and since there wasn’t much in acquisition activity overall, it’s probably a pretty good metric. Read more...