News and Analysis

News and Analysis (15719)

INFOR REVENUE UP FOR 2015

Charles Phillips, InforInfor 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.

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SAGEONE CASHBOOK TO GO GLOBAL

Sage has introduced a new product, SageOne CashBook, in the UnitedNick Goode,  Sage 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.

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INFOR CHANGES CFOS

Jeffrey Laborde, Infor 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.

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INFOR FINALIZES VERTICAL EFFORT

Michael Carrillo, InforInfor 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.

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SAGE LISTS GLOBAL PRODUCTS

Steve Kelly, Sage 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.

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VACIN EXITS XERO FOR START UP

Ian Vacin, Balanced LabsIan 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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EXACT MOVES IN ON ACCOUNTANTS

David Lechleitner, ExactLong active with accountants in its home country of the Netherlands, Exact is building applications for firms in the United States. First out this summer is Exact Online Accountant, whose relationship to Exact Online is similar to the way QuickBooks lets accountants see into their clients' files and collaborate with them. Accountants will also be able to earn certification in Exact Online, says David Lechleitner, a product marketing principal for the software company.

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UXC ECLIPSE RETAIL BOOMS

Cris Nicolli, UXC EclipseUXC Eclipse is having great success in its global retail push, the company said this month. Cris Nicolli, managing director of the parent UXC Ltd., said the company had received more than $20 million Australian (about $15.5 million U.S.) in the retail market in North America and Australia. The exec said the effort began 24 months ago with support from Microsoft. UXC Eclipse ranked No. 5 on the Bob Scott's Insights Top 100 VARs for 2015 with $125 million in revenue.

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NEXTEC TAKES ON ACUMATICA

Eric Frank, NexTecThe NexTec Group has picked up the Acumatica line. It's a good win for Acumatica. Seattle, Wash.-based NexTec is No. 30 on the Bob Scott's Insights Top 100 VARs for 2015 with $19.48 million in annual revenue. It was great timing that the press release on this broke the same day Nextec announced that it was honored for 2015 Best Business Partner for Migration for Sage X3 at the worldwide sales conference for that product in Istanbul, Turkey.

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SILVERSUN DEBUTS NEW WEBSITE

Mark Meller, SilverSun TechnologiesSilverSun Technologies, parent to Sage reseller, SWK Technologies, has established a new website. It's much more interesting graphically than the old one, which was pretty staid. And it spells out many of the strategic points made by CEO Mark Meller in a recent investor presentation. For the mid-market channel and their supplies, the meat is in the section called "Business Focus" The first headline proclaims the company among the largest Sage X3 resellers in the country but also notes SilverSun is proud to handle Acumatica and NetSuite, suggesting it has had time to get comfortable with the two cloud applications.

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