News and Analysis

News and Analysis (15674)

EPICOR GROWS CHANNEL FOR SALES BANDWIDTH

Michael PietriniEpicor’s newly found (how many times is this?) belief in the channel is to use it to help with sales bandwidth as demand grows. That was the message delivered by CFO Michael Pietrini this week at the Cowen & Co. technology conference after he was questioned about why the company isn’t more aggressively cultivating a channel. Pietrini characterized the approach this way: “We have a very strong strategy for rounding out our channel.” He indicated that channel growth may be more needed internationally to deal with sales volume.

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SPEEDTAX OFFERS PARED-DOWN SYSTEM

SpeedTax, which markets Internet-based sales-and-use tax systems, has launched SpeedTax Lite, a product that it says is designed for companies that don’t have a complex set of tax needs. VP David Lahey said the company’s initial product “was all about complexity, somebody filing in multiple states.” But he said from the days he ran his own company, he learned the issues were less about problems with calculations and more about preparing quarterly returns and also sorting out nexus issues in a few states. Read more...

DELTEK TO BUY MACONOMY

Maconomy logoDeltek is planning to buy Maconomy, a Danish software vendor, via a cash tender offer of roughly $3.39 per share. The announcement did not give a total value for the deal, but based on the number of Maconomy shares outstanding, the purchase price is about $72.7 million. Given that Maconomy had 2009 revenue of about $41 million, it’s a reasonable multiple. Maconomy has operations in the United States, but revenue here was only about $6.9 million last year. Read more...

EPICOR SEEING SAAS NIBBLES

While Epicor recently introduced a SaaS version of Epicor 9, there is no danger of seeing sales explode, the company admits. However, interest is starting to develop, according to CFO Michael Pietrini. In remarks made this week at the Cowen & Co. Technology & Telecom Conference, Pietrini said the company sees little interest from the manufacturing and distribution markets, from which his company derives about 60 percent of revenue. There is more movement in the retail space. Read more...

AICPA RELEASES TOP SOMETHING LIST

The AICPA’s newly released Top Technology Initiatives reminded me a lot of the Big Ten sports conference. A few years ago, the Big Ten admitted Penn State University to the league, but decided that even with 11 members it would keep the Big Ten name. The first of 10 issues on the AICPA list was the following:  “Security of data, code & communications/data security & document retention/security threats.” Read more...

NETSUITE HOPES BBD ISN’T BAD

NetSuite has one of the most interesting ways of welcoming a competitor to a market in terms of its discussion of SAP’s introduction of BusinessByDesign, a SaaS product. NetSuite welcomes SAP to the SaaS market because having a big player join should stimulate interest in Internet-based products, finance SVP Ron Gill said at the Cowen & Co. conference this week. But his company is more worried that SAP will discourage users from considering SaaS. Read more...

SORTING OUT BLACKBAUD's PARTNER PAGE

Since Blackbaud has been testing out the reseller channel again for The Financial Edge, I ventured into the Blackbaud Connect Partner Network page on its Web site. I found a handful of organizations carrying the nonprofit accounting package and another handful that continue to sell the Kintera FundWare application. But the most interesting thing there reminds me of last week’s discussion of Microsoft’s Pinpoint, another Web-based partner search tool. Read more...

INFOR DEVOURS BRIDGELOGIX

Infor has hit the acquisition trail again with the purchase of Bridgelogix, an Infor solution partner that makes barcode data collection systems. Bridgelogix technology integrates with some Infor ERP systems. The most notable thing about the announcement was that Infor used the word “solution” three times in a 53-word paragraph. Bridgelogix, an Infor solution partner, makes barcode data collection solutions, and the acquisition will allow for close alignment of Bridgelogix’s complementary solutions ….  Read more...

F9 READIES V5 FOR MAS 90/200

With Microsoft replacing FRx with Management Reporter, F9, owned by Infor, has been spinning out press releases at faster clip than it has for a long time. That includes the announcement that F9 Version 5 for Sage MAS 90/200 will be released on July 1 and F9 is recruiting customers for a beta program that starts on June 15. Version 5 features are designed to make use of Excel 2007. Read more...

EXPLAINING THE DSD NETWORK

After explaining what I thought I knew about DSD Business Systems M&A program in the last newsletter, I got an email from owner Doug Deane clarifying how it works. The network is not a buying group, as I printed. DSD purchases the resellers' customers with the local dealers keeping their business name as a dba of DSD Business Systems. Read more...

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