News and Analysis

News and Analysis (15713)

CLOUD TO HIT BLACKBAUD RESULTS

Tony Boor, BlackbaudBlackbaud spent much of its conference call about the results for the year ended December 31 preparing Wall Street and investors for the impact of its upcoming NXT product line. Raiser's Edge NXT and Financial Edge NXT have been sold since December and will be delivered in the second half. Those buying the desktop versions are buying the right to upgrade to the cloud-based NXT lines.

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SAGE HIRES SALES VP

John Pullen, SageSage North America has hired John Pullen as EVP of sales. Pullen is focused on the company's Mid-Market Business Solutions operations.  The Mid-Market division has been led by Joe Langner as EVP of Mid-Market Solutions, but that was a broader range of responsibilities than just sales. This is a new position. A spokesperson said, "He will work with the Sage Demand and Lead Generation Marketing teams to boost new customer acquisition efforts."

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SAGE'S KELLEY STARTS BLOG

Stephen Kelley, SageSage CEO Steve Kelley has started a blog about mobile technology. It's less important what the blog's content is on the Sage Group site at www.sage.com than the fact the top executive of this company has a blog. Long-time chief executive Paul Walker and Kelley's predecessor, Guy Berruyer, never tried anything like this that offers such a connection between Sage's customers and channel. Kelley's first posting offers several points, nothing terribly surprising.

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NETSUITE NAMES PACIFIC SVP

Lee Thompson, NetSuite NetSuite has hired Lee Thompson as SVP of its Asia Pacific Japan business. Well, earlier this month the company said International business would be a focus of growth this year. It didn't waste time as it also opened a larger Asian HQ in Singapore and said it had added channel throughout the region. The company intends to add to the 1,000 employees in the region. Thompson was operating officer at Technology One from January through October in 2014.

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ADSS GLOBAL GOES ALL SAGE

Bob Campbell. ADSS GlobalADSS Global has decided to sell only Sage business applications.  The Miami, Fla., and Exton, Pa.-based reseller had also sold NetSuite, but that cloud-based product disappeared from the list submitted by the company in the fall with its VAR Star submission. With $27 million in revenue for 2014, ADSS is the largest Sage only-VAR at a time when most of the big players have added other financial packages, particularly web-based ones.

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BILL.COM RECEIVES $50 MILLION

Renee Lacerte, Bill.comBill.com, which markets invoicing services, has closed a $50-million financing round. The company intends to use the proceeds to fuel growth on the heels of doubling its business in the last 12 months. The latest infusion of capital brings the amount it has raised to more than $100 million. Funds came from Silicon Valley Bank, which joined existing investors DCM Ventures, Scale Venture Partners, August Capital, Napier Park Global Capital, American Express Ventures and Commerce Ventures.

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AUSTRALIA'S RECKON EYES EXPANSION

Clive Rabie, ReckonAustralia-based Reckon, one of the online accounting pack, saw a 3-percent decrease in net earnings for the year ended December 31 on a 3-percent rise in revenue. On the glass half-full side, non-IFRS basis earnings were up 5 percent. Either way you look at it, the bottom line was about $20 million as the difference between non-IFRS and IFRS was in the 2013 results.

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TOUR DE FORCE STARTS CHANNEL

Ken Ledyard, Tour de Force Tour de Force, which markets a variety of non-financial software products, has launched a channel program. The effort is being managed by channel sales director Ken Ledyard, a veteran of Sage and Dynamics reseller Socius. Tour de Force sells CRM and business intelligence software. Ledyard, who was hired in January, says the company has integration with more than 40 ERP products.

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JEEVES KILLS SWEDISH CHANNEL

Daniel Gröhlin, Jeeves Information SystemsJeeves Information Systems is abandoning its channel in Sweden. The company announced this week it will not renew any agreements with companies that sell, service and support its ERP product in Sweden. That came after its annual channel partner analysis. I might be reading too much into this, but I'm not surprised. The parent company's CEO is Austin, Texas-based Jeff Tognoni, who took his position after Battery Ventures acquired Jeeves

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UNIT4 EYES PARTNER PROGRAM

Art Brault, Unit4Unit4, which has previously been sold only direct in North America, is considering a partner program on this continent. "We are looking at building a partner program for the North American market," Unit4 marketing communications manager Maggie Kerr-Southin said this week. Her comment came in response to a question about a corporate statement last month attached to a brief description of results for 2014.

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