News and Analysis

News and Analysis (15676)

QURIUS RESULTS DIP

Just to show you things aren’t different in Europe, Qurius, a large Dynamics reseller operating in several countries, reported a dramatic drop in earnings as sales declined for its quarter ended June 30. The net result (as termed there) fell to about $254,000, down 79 percent as measured in euros. Sales dropped to roughly $50.2 million, off 5.9 percent from a year earlier. About 44 percent of sales were in the Netherlands. The company said it is reducing subcontractor costs, jobs and other expenses, but didn’t break out details. Read more...

ADVENTURES IN SOCIAL NETWORKING.

Resellers and vendors are, like everybody else, jumping into social networking while trying to figure out exactly how to use these new tools.  The blog for Sage reseller Blytheco noted the company is now on Twitter and Facebook with a comment that “I see advantages for both, but do we need both? I’m just not sure.” Meanwhile, Blackbaud was giving away complimentary passes to its November user conference via its “Get Social” game. To win, participants follow clues on Blackbaud’s Twitter and Facebook pages and on its blogs. One problem was that the attack that took Twitter and Facebook offline recently interrupted this e-scavenger hunt and it needed a second kickoff before being completed. Read more...

CDC SOFTWARE NET DROPS

Newly public CDC Software reported just under $4 million in net income for its second quarter ended June 30, down from $5.9 million a year earlier as revenue was nearly unchanged. The Atlanta-based company held its IPO this month with its former parent, CDC Corp., based in Hong Kong, owning about 83 percent of its stock. CDC Software markets the Ross financial and Pivotal CRM applications. Revenue for the most recent period was $50.35 million, down from $60.61 million a year earlier. The company's guidance showed it expects 2009 revenue ranging from $197 million to $200 million and net income of $15 million to $18 million. CDC Software went public with the sale of 4.8 million American Depository Shares at $12 each.

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INTUIT SELLING FINANCIAL SERVICES; HEALTH UNITS

Jill Ward, IntuitIntuit is refocusing its operations on small business and consumers with the final stages of a major reorganization. It has sold Intuit Financial Services, the group that markets software to financial institutions such as banks, to private equity group Thoma Bravo for $1.03 billion. Thoma Bravo is the firm that owns Deltek. Intuit also plans to sell its medical group, which has had difficulty finding a market for its software.

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BLACKAUD OPENS NETWORK CENTER

blackbaud logo newBlackbaud has opened a network operations control center in Austin, Texas. The Charleston, S.C.-based nonprofit software vendor said the center supports customers who are moving to cloud-based applications. Blackbaud says  the center can tap into a technical talent pool in Austin. The center monitors operations of cloud-based applications around the world in order to ensure Blackbaud customers have optimal availability of network services. Early warning systems are in place to detect performance issues. Blackbaud already has more than 300 employees in Austin and plans to add 75 this year 

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SAGE ADDS SUMMIT HEALTHCARE TALKS

Bernard DiFiore, BenefitMall Sessions about healthcare reform have been added to tracks at Sage Summit 2013. The conference is being held July 21 through 26 at the Gaylord National in Washington D.C. The new healthcare track is designed to prepare small and medium businesses for provisions of the Patient Protection and Affordable Care Act.

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NEW DYNAMICS CRM COMING IN FALL

MicrosoftThe latest version of Dynamics CRM will be introduced by Microsoft in the fall. The product will be available online as Dynamics CRM Online Fall '13 and on-premises as Dynamics CRM 2013, The company says the new release will deliver more personal experiences to sales, marketing and customer care professionals. The system connects to MarketingPilot, Microsoft’s marketing automation product, and enables businesses to manage products, budgets and resources and executes and monitors marketing.

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XERO PICKS MARKETING HEAD

Jeremy Wood, XeroXero has hired Jeremy Wood to the position of head of global marketing. Wood will have responsibility for marketing for the company’s New Zealand headquarters and for all of its in-country marketing teams. Wood was employed by Google starting in 2005 and was most recently that company’s head of SMB co-marketing for the Americas.

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OPEN SYSTEMS OFFERS LEASING PROMO

Open SystemsOpen Systems is offering a promotional program to offer purchasers low-cost lease payments. End user buyers must sign with Open Systems Financial Services by July 31 to qualify for a $50-per-month rate that is good until next year for financing purchases of Traverse or Open Systems Accounting Software. The leasing services were launched by Open Systems earlier this year and are also available to finance third-party expenses such as hardware, training, implementation, and services. After this year, payments are stepped up to the full level. 

 

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ANALYST: ORACLE TRAILS IN CLOUD

OracleThe announcement last week that Oracle and NetSuite would jointly sell HCM and ERP to the midmarket derailed the inclusion of another item in the newsletter of June 28. But perhaps that plan suggests Oracle is moving to meet the problems that Wall Street says the software company is having with the cloud. And that came in the form of published reports that the company missed its financial estimates for two consecutive quarters because customers were shifting spending to web-based tools from competitors.

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