News and Analysis

News and Analysis (15669)

NEXONIA READIES SL PORTAL

Neil Wainwright, NexoniaNexonia is developing a product that would replace the discontinued Business Web Portal for Dynamics SL 2015. The company, whose products include expense reporting that integrates with a wide range of accounting software applications, says the portal will be ready for deployment in the early summer. Available for 10 years, the Microsoft portal was discontinued in September and Nexonia, based in Toronto, Ontario, had already developed a replacement for Dynamics GP.

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TAX COMPANIES BECOME SOVOS

Andy Hovancik, Sovos ComplianceTax software companies Convey Compliance Systems, Taxware, and VAT Resource have become Sovos Compliance. This is one of those deals brought about by private equity. The convergence of the businesses began in December 2012 when Vista Equity Partners purchased Taxware and brought in Andy Hovancik as CEO. Taxware purchased VAT Resource a year ago and the merged Convey and Taxware during the summer. The combination brings together business that offer 1099 reporting, sales and use tax and value-added tax determination and compliance.

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AQB CHANGES TO FOURLANE

Marjorie Adams, FourlaneIntuit reseller AQB has changed its name to Fourlane. The Austin, Texas, based company said it made the move to eliminate any brand confusion by removing the QB initials from its name. “While offering QuickBooks consulting is still a large part of our business, establishing our new, independent name allows us to better distinguish ourselves and our services," CEO Marjorie Adams said in a prepared statement.

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RETAIL PRO IN ECOMMERCE DEAL

Kerry Lemos, Retail Pro International Retail Pro International has entered a partnership with 24Seven Commerce, which offers ecommerce services to retailers. The alliance makes the Retail Pro system available to specialty retailers. Designed for brick-and-mortar operators, 24Seven's cloud products connect to the Retail Pro retail management system. The combination provides a platform for managing in-store and online operations, including integration between Retail Pro, eBay and Amazon.

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U.K. SOFTWARE GROUP GOES PRIVATE

Brian Sheth, Vista Equity PartnersThe Advanced Computer Software Group, a holding company based in the United Kingdom, has gone private. The company was purchased for about $1.1 billion at the end of March by Vista Equity Partners, whose goal is to make Advanced a global player. Advanced owns several business software companies, most of which do not operate in the United States. These include four financial software lines: e5, eFinancials, OpenAccounts and Exchequer. It also has V-1, a company that markets Professional Services Automation software, and Advanced 365, whose cloud and hosting services has some U.S. presence.

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MYOB GOING PUBLIC (AGAIN)

Tim Reed, MYOBThe MYOB Group has filed for an initial public offering in Australia. The offering is expected to raise proceeds ranging from about $632 million to about $633 million and will return the company to the public market after six years in private hands. MYOB is owned by Bain Capital, which will not sell shares and which will hold about 57 percent of the shares after the offering. The name MYOB goes back to the Mind Your Own Business, software that originated in Rockaway, N.J.

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SILVERSUN REVS UP 23.4 PERCENT

 Melvin Crandell, SilverSun TechnologiesRevenue for SilverSun Technologies, parent of reseller SWK Technologies, hit $21.5 million for the year ended December 31. That was up 23.4 percent from $17.4 million in 2013. Net income dropped to $192,901, a decrease of 40.2 percent from $322,548 the prior year. But to give the company credit, much of that reflected growth. General and administrative expenses reached $1.4 million for the most recently ended year, an increase of 46.2 percent from $4.3 million.

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UNIT4 EXPANDING HERE

Scott Kamieneski, Unit4Unit4, which markets the newly rebranded Coda and Agresso lines, has named Scott Kamieneski as managing director for North America. The Netherlands-based company said the hiring is part of its plan to expand in North America. Last week, the company renamed Coda as Unit4 Financials and Agresso as Unit4 Business World and based new features on a newly announced Unit4 People Platform. And that follows a February announcement that it is considering a move from direct sales only on this continent to also utilizing a channel.

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CONVERGENCE VAR BOOTHS BOOMED

MicrosoftWithout going back to 2014 exhibitor list, it still seems safe to say that the floor of the Atlanta Microsoft Convergence show this month had more resellers than ever as exhibitors. There also seemed to be a bumper crop of international resellers. Asking that question of everyone I ran into brought general agreement on that point. Of course, getting around seemed tough because the floor layout was like Manhattan Streets below Canal Street—there were diagonal aisles between exhibits that abutted vertical aisles.

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SAGE TO USE NET PROMOTER

Don Deshaies, Sage Sage North America is going to use the Net Promoter System to assess how end-user companies view reseller performance. In its most basic form, Net Promoter takes the number of customers who would not recommend a product or service and subtracts those from the number who would recommend them. "We want to make it more of an educational partner experience at this point," Don Deshaies, Sage's VP of product management said. "I think over time there is an opportunity to evolve benefits."

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