News and Analysis (15709)
INTUIT CUTS 399 STAFFERS
- Tuesday, 30 June 2015
- News and Analysis
- Written by mark
Intuit says it has laid off 399 people. That compares to about 8,000 full-time employees it reported when its fiscal 2014 ended on July 31. The company said this week cuts were made across several business and functions. Affected employees will be given the opportunity to apply for jobs elsewhere in the company. A spokesperson said the company had made "organizational changes that drive greater alignment with the company's priorities".
XERO NAMES CFO-ELECT
- Tuesday, 30 June 2015
- News and Analysis
- Written by mark
Xero has named Sankar Narayan as its CFO effective in October. He is joining Xero from Virgin Australia where he was CFO for four years. Narayan fills the role vacated by Douglas Jeffries, when he resigned in February after eight weeks on the job. Jeffries was based in San Francisco, Calif. After his quick resignation, COO Ross Jenkins became acting CFO and will return to the COO's job once Narayan is on board. Xero has had trouble hanging on to executives recently.
DACEASY LIVES! NO PRODUCT EOLS
- Friday, 26 June 2015
- News and Analysis
- Written by mark
Saying Sage will not set product end-of-life dates, the company has resurrected the long-lived DacEasy. Sage issued an 18-month end-of-life warning a year ago for the low-cost desktop accounting package, but has revisited the decision after a "No forced migration" dictum from CEO Steve Kelly. "As a result of our new strategy, we are rescinding that decision," Connie Certusi, the EVP who heads Sage's Small Business Solutions operations, said this week.
RANDOM THOUGHTS: BIG BIRD
- Friday, 26 June 2015
- News and Analysis
- Written by mark
In most cities, public consumption of alcohol is against the law. In New Orleans, it's mandatory. While down there, I realized the tell-time sign of the beignet eater—white powdery markets all over clothing. Of course, that confuses out-of-towners who think the town has an epidemic of cocaine use? ... Watching the U.S. Women's soccer team play in the World Cup, I realized quickly the game is simply roller derby on turf.
Read more...INFOR REVENUE UP FOR 2015
- Friday, 26 June 2015
- News and Analysis
- Written by mark
Infor had a good year for fiscal 2015. However, interpreting the results is complicated by the fact that Infor reported financials for the 11 months ended April 30 as it has changed its financial year, which previously concluded at the end of May. Infor had net income of $19.7 million for the 11 months on revenue of $2.44 billion. For fiscal 2013, it had earnings of $121.7 million on revenue of $2.76 billion. CEO Charles Phillips said revenue grew in all product lines and in most countries.
SAGEONE CASHBOOK TO GO GLOBAL
- Friday, 26 June 2015
- News and Analysis
- Written by mark
Sage has introduced a new product, SageOne CashBook, in the United
Kingdom. But that's just the beginning, "We will be rolling out this product globally," Nick Goode, commercial director for the online package, said during the recent Capital Markets Day. That is expected next year. There was not much discussion about features, but it was noted as for sole traders and very small businesses. The website for the product describes it as an online cash management product.
INFOR CHANGES CFOS
- Friday, 26 June 2015
- News and Analysis
- Written by mark
Infor has named Jeffrey Laborde as CFO, the company said this week. He replaces Nicole Anasenes, who held the position from November 2013 through her last day on the job with this week's earnings conference call. The change was announced during the company's call reporting results for the 11-month-year ended April. CEO Charles Phillips said she would be moving into the world of entrepreneurial start ups. Laborde comes to the software giant from SumTotal Systems where he served as CFO starting in July 2012.
INFOR FINALIZES VERTICAL EFFORT
- Friday, 26 June 2015
- News and Analysis
- Written by mark
Infor has rolled out a micro-vertical program for its resellers that it had tested in the market. The company is signing up members of its network who wish to specialize. "We are looking at 20 to 24 verticals," says Michael Carrillo, the channel’s enablement director. Carrillo says so far, none of its VARs have applied to participate in the program in the same market. Infor is recognizing approved participants as microvertical specialized and they receive logos that can be utilized in marketing.
SAGE LISTS GLOBAL PRODUCTS
- Thursday, 25 June 2015
- News and Analysis
- Written by mark
Sage is putting its faith its global products: Sage One, Life and X3. You may remember a few years ago, the anointed products were SageCRM, Sage 300 and X3. The success of the new troika in attracting new customers was named as one of the company's KPIs at the recent Capital Markets Day. At the event, CEO Steve Kelly said the company "lives and dies" with small and medium businesses. He also promised Sage will not force migration, although is working to trim it s portfolio.
VACIN EXITS XERO FOR START UP
- Thursday, 25 June 2015
- News and Analysis
- Written by mark
Ian Vacin, a key member of the team on this continent, has left Xero for a start up called Balanced Labs, which has offices in San Francisco, Calif.. and Sydney, Australia. Vacin was VP of marketing and product from April 2012 until his recent departure. Rod Drury, CEO of New Zealand-based Xero, said, "Ian's working for a Xero add-on start up so still in the ecosystem. He made a fantastic contribution and we wish him well." Balanced Lab founders, CEO Stuart McLeod, and CTO John Freeman, founded PayCycle Australia, purchased by Xero in 2011.
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