Sage plans to bridge a noticeable product gap in its product line. CEO Steve Kelly says the company is aware of the gap between Sage Live and X-3 intends to use more than one method to filling it.

Faye Business Solutions Group has acquired the SugarCRM practice of Cynergy Solutions. Based in Simi Valley, Calif., Cynergy also handles Salesforce and OroCRM. It also has an office in Plano, Texas. David Faye, CEO at Faye, said the deal enables his firm to expand its business in both California and Texas.

Cloud software company Xero substantially cut its loss for the year ended March 31. The New Zealand-based organization passed 1 million subscribers during fiscal 2017 and also said this week operating cash flow turned positive for the first time during the second half.

Sage is preparing to sell its North American payments business, which generates $150 million in annual revenue. With payments being one of the three pillars of Sage's business, there will be something to fill the gap, Stephen Kelly, CEO of the Sage Group, said during an interview during this week's Summit conference in Atlanta.