Cloud software vendor Intacct has secured $40 million in financing through a new debt facility from Silicon Valley Bank. "When you are looking at long-term growth, you always have to watch the market and sometimes you take in money before you actually need it to ensure you have the flexibility to take advantage of new opportunities when they arise," CEO Robert Reid said in a prepared statement.

Cloud versions of Sage 50, which is really different products in different companies, drove revenue growth for Sage's first half ended March 31. And subscriptions continued to rise as license revenue fell—the latter off 9 percent in the United States. Overall, executives were in a good mood about results. In this week's earnings webcast, CEO Stephen Kelly said the company achieved "double-digit recurring revenue growth for the first time this decade."

The Alerion Capital Group has made what was described as a major investment in Navigator Business Solutions. Navigator, based in Salt Lake City, Utah, is an SAP reseller and has been SAP Cloud Partner of the Year every year since 2009. "The investment by Alerion will help us advance and accelerate our highly regarded cloud first methodology to a broader reach," CEO Grant Fraser said in a prepared statement.

Boomer Consulting has named Jim Boomer as CEO to succeed his father and founder, L. Gary Boomer. The Manhattan, Kan.-based firm also selected Sandra Wiley as president, Dustin Hostetler as chief innovation officer, and L. Gary Boomer as visionary and strategist. "This shift in leadership represents the roles each of our leaders have played over the last several years and will allow Boomer Consulting to better focus on strategic growth," L. Gary Boomer, said in a prepared statement.