News and Analysis (15623)
SILVERSUN RAMPS UP FOR 2018
- Monday, 26 March 2018
- News and Analysis
- Written by mark
SilverSun Technologies, parent to reseller SWK Technologies, saw taxes cut into its bottom line for the year December 31. But it also increased selling and marketing expenses as it added sales people, “in anticipation of accelerated growth in 2018.”
QAD CLOUD BOOKINGS HIGH
- Friday, 23 March 2018
- News and Analysis
- Written by mark
The cloud continued to be the major factor in QAD’s financial results, both raising revenue and denting earnings. The manufacturing software company lost $9.1 million for the year ended January 31, down from the loss of $15.5 million in fiscal 2016.
STILL TIME FOR TOP 100 VAR ENTRIES
- Friday, 23 March 2018
- News and Analysis
- Written by mark
The call for entries for Bob Scott's Top 100 VARs is still open for the 2018 selection. So if you set the form aside and were thinking of returning it, now's the time.
EDGEWATER EDGES DOWN IN LAST YEAR
- Friday, 23 March 2018
- News and Analysis
- Written by mark
Edgewater Technology saw its loss balloon and revenue drop in its last full year as a company. The company will become part of Alithya when a merger is expected to be completed in the third quarter. Edgewater lost $29.1 million for the year ended December 31, compared to $2.8 million in red ink for 2016.
COLUMBUS: GOING GLOBAL WITH M3
- Thursday, 22 March 2018
- News and Analysis
- Written by mark
Columbus said this week it plans to utilize its January acquisition of Swedish iStone to take the Infor M3 (Lawson) product line global. The initiative is a major change for Columbus which had concentrated on the Dynamics line and its internally developed Columbus Software.
CLOUD DRIVES VAR CONSOLIDATION
- Thursday, 22 March 2018
- News and Analysis
- Written by mark
Channel consolidation is hardly new. But there is a new scale. The acquisition of Edgewater Technology by Alithya this month follows December’s merger of Socius and the SBS Group as Velosio.
QLIK HIRES GLOBAL SALES EVP
- Thursday, 22 March 2018
- News and Analysis
- Written by mark
Analytical software vendor Qlik has hired Chris Jones as EVP of worldwide sales. Jones, who had a 10-year tenure at Cisco Systems, was most recently chief partner officer for Infoblox in 2017 and 2018 where he led the global partner strategy and organization.
VERTEX HIRES CHIEF TAX OFFICER
- Wednesday, 21 March 2018
- News and Analysis
- Written by mark
Microsoft veteran Mike Bernard has been named chief tax officer at Vertex. He will take over the job from Peggi Rockefeller, who is retiring after working with the company since 2012.
ALITHYA GROUP TAKES OVER EDGEWATER
- Wednesday, 21 March 2018
- News and Analysis
- Written by mark
Given the turmoil of the last year, Edgewater Technology is not surprisingly being taken over. The company will disappear into the Alithya, which will have more than $200 million in revenue. Alithya is a company built on both organic growth and acquisition so more deals are likely.
SAAS GROWS IN ALL INFOR REGIONS
- Tuesday, 20 March 2018
- News and Analysis
- Written by mark
SaaS subscriptions propelled revenue growth for Infor’s third quarter ended January 31. That growth was held down as perpetual licenses dipped as the transition to the cloud proceeded. Meanwhile, the company’s bottom line took a big hit from currency losses.
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