News and Analysis

News and Analysis (15656)

ACUMATICA HITS BUSY RETAIL MARKET

 Doug Hellenback, Intuitive Tek With the National Retail Federation holding its Big Show in New York City next week, the wires will be drenched in stories about retail systems. That includes Acumatica, I believe a first-time exhibitor, which is introducing the Acumatica Retail Management Solution, described as "as complete system for retailers that combine Magento eCommerce and Point of Sale technology built on the Acumatica platform." The product is actually coming from Intuitive Tek of Lakewood, Colo., which is led by president Brian Storrs and Doug Hellenback, VP of operations. Also debuting is Mobile 2.0 for its Prism system from Retail Pro International.

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INFOR TURNS PROFIT IN 2Q

Charles Phillips, InforInfor, which has been investing heavily in product development, broke into the black for the second quarter ended December 31. The company has been built via aggressive acquisitions and the resulting debt has been a drain on earnings. But with the recent period, things clicked. Net income for the most recently ended period was $63 million, compared to a loss of $22.7 million the prior year. Quarterly revenue was $698.5 million, a rise of 2.3 percent from $682.5 million in last year's corresponding period.

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HANA, CLOUD DRIVE SAP GROWTH

sapSAP's operating profit moved up by 10 percent while IFRS revenue was up by 4 percent at constant currencies, according to preliminary financial results for the year ended December 31. That came as the year ended on a 2-percent rise software revenue for the fourth quarter, while operating profit for that period increased by 13 percent. We'll get the official explanation later as SAP does not hold its earnings call for the initial release of results.

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SOCIUS ADDS NORTHLAKE AS AFFILIATE

NorthlakeDynamics Master VAR Socius has made The Northlake Partners a sales affiliate. The Dublin, Ohio-based reseller says the acceptance of Northlake brings the number of organizations in its program to 19.  Bothell, Wash.-based Northlake, led by managing partners, Tom Williams and Adam Herman, was founded in 2008.

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BTERRELL NAMES KARNES AS PRESIDENT

Keith Karnes, BTerrell GroupKeith Karnes has been named president of the BTerrell Group, a Dallas-based accounting software reseller, and of CodePartners, its development arm. Karnes joined the company in April 2013 as director of Intacct Client Solutions. Before joining his current company, Karnes was president of Tenetus, a Dallas-based Intacct VAR, from September 2010 through February 2013.

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MICROSOFT ACQUIRES PARATURE

Bob Stutz, MicrosoftMicrosoft has acquired Parature, a cloud company whose products offer customer self-service capabilities for use by midsize and enterprise organizations. Terms were not disclosed. Microsoft described Parature products as being complementary to Dynamics CRM. The flagship product in the deal, Parature Customer Service Software, integrates a customer portal, self-service knowledgebase, a help desk ticketing application, and a variety of business modules into a central, customizable, web-based system.

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NISENBOUM JOINS E2B AS SALES VP

e2bFrank Nisenboum, who had a 22-year career with the VAR now called Socius, has joined e2b Teknologies. Nisenboum joined Chardon, Ohio-based e2b as EVP of sales this month after leaving his long-time employer in December. Nisenboum joined the predecessor to Socius, Brunswick Integrated Computer Systems, in 1991 after working in public accounting.

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ARMANINO BUYS ROSE BUSINESS SOLUTIONS

Linda Rose, RoseASPAccounting firm Armanino has purchased Rose Business Solutions, a long-time Dynamics GP reseller. Owner Linda Rose sold the San Diego, Calif.-based operation to concentrate on RoseASP, which provides hosted cloud applications to Dynamics resellers and their customers. The terms were not disclosed. In explaining her decision, Rose said in a prepared statement, "My passion for the past several years has been building cloud brands and delivering cloud solutions through RoseASP."

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SOCIAL MEDIA STILL A MYSTERY TO MANY

Mystery.Holmes A Christmas open house during the recent holidays brought home the social media divide among adults. I was pondering the fact that in the last two months I hit 400 Facebook Friends, about 1,024 Twitter followers (it tends to fluctuate a bit) and 1,040 LinkedIn connections. But at the get together, I was confronted by several adults in their 50s and 60s who had no clue about how to get value from social media – and most of whom were IT professionals.

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UXC TARGETED AX GROWTH IN U.S.

Cris Nicolli, UXC Ltd.The message was not made in its statement about acquisition of the Tectura's North American business. But UCX Ltd. said in its 2013 annual report that market was one of its prime areas. "High market growth of Microsoft Dynamics AX in the North American and US market presents an opportunity for increased growth within a sector in which we have strong Global leadership," managing director Cris Nicolli wrote in the document on August 22.

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