News and Analysis

News and Analysis (15713)

ONLINE GROWTH OUTSTRIPS QB DESKTOP

Brad Smithsales improved for Intuit's first quarter ended October 30, but that came as online subscriptions grew by 45.6 while the number of desktop units sold dropped by 20.3 percent.  Intuit sold 217,000 QuickBook Online Subscriptions for the quarter just ended, compared to 149,000 a year earlier. Meanwhile, desktop unit sales dropped to 281,000 from 353,000. Read more...

TREY PROFITS ON, WELL.

Trey Resources, parent of Sage reseller, SWK Technologies, turned in one of those profitable quarters that gives me the opportunity do some interesting financial analysis.  The company made $730,785 for the third quarter ended September 30, compared to a loss of $325,502 a year earlier. Read more...

LAHEY LANDS AT JOB FIRM

David LaheyDavid Lahey, an accounting software veteran, had taken a position as VP of Customer Success at Jobvite, a start-up which has social recruiting features.  Lahey was most recently EVP of sales and marketing at SpeedTax, the sales-and-use software tax company, but left abruptly after nine months there. Read more...

DYNAMICS GP R2 PENDING

Didn't this used to be called a pre-announcement?  That's what Microsoft has done in publicizing the fact that it will issue Dynamics GP 2010 R2 in March, although I'm not sure what to call these kind of statements when the press release also includes information about the companies that have been successfully using the product. Read more...

NEXT ISSUE: DECEMBER 3

Happy Thanksgiving. There will be no newsletter next Friday, Black Friday, November 26. The regular publication schedule will resume on December 3.
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AVALARA TAPS EPICOR VET

Sales-and-use-tax vendor Avalara has named Kevin Riegelsberger, best known in the accounting profession from his years at Epicor, as its president and chief operating officer. Riegelsberger was most recently CEO of Estorian, which provides applications for mainframe storage applications. Read More A founder of Platinum Software, now known as Epicor, Riegelsberger held several executive-level positions at that financial software company. Read more...

TRIBRIDGE TALKS ABOUT GROWTH PLANS

Tribridge, Microsoft's worldwide partner of the year for 2010, has signaled its plans to acquire other resellers with capital it has secured through equity funding from LLR Partners.  The press release announcing the investment doesn't mention the amount raised, apparently the $24 million that was the subject of an SEC filing in September. Read more...

PLUMBLINE GOES INTO DYNAMICS AX

Dynamics AX logoPlumbline Solutions, originally formed as the outsourced developer of Dynamics SL applications, has been shifting its direction. Havng previously added work on Dynamics GP, it has begun providing services for Dynamics AX. The announcement of the AX expansion came in a press release in August, although I didn’t find it in what was then a very bland website and which has now become a (comparatively) more colorful,  appealing site.

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NETSUITE: REORG UPPED RETENTION

NetSuite says a reorganization of the sales force that addressed its installed base, coupled with a change in the compensation plan, has significantly improved customer retention this year. The statement came from CFO Ron Gill this week when he addressed a Wells Fargo Securities Technology, Media and Telecom conference. Read more...

THE STATE OF DYNAMICS GP

The vibes on Dynamics GP have not been good for a couple of years.  It has especially been subject to complaints that Microsoft had authorized far too many dealers and that they weren't always that good. The other criticism goes back to the origins at Great Plains, the complaint that too many functions have to be added by third-party products. Read more...

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