News and Analysis

News and Analysis (15713)

NETSUITE RSM’S “GO-TO” PRODUCT

Steve EMS, RSM USRSM is carrying three lines of cloud financial software. However, worldwide Oracle NetSuite is the product of choice.  “We have established NetSuite as our go-to global platform,” Steve Ems, principal and national business applications leader for RSM US, said recently.

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AVALARA FILES FOR IPO

Scott McFarlane, AvalaraAvalara has filed for its long-awaited public offering. The Seattle, Wash.-based company will seek a maximum in proceeds from the offering. The company’s S-1 says Avalara lost $64.1 million for the year ended December 31, compared to a loss of $57.9 million for 2016.

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XERO REPORTS FIRST EBITDA

Steve Vamos, XeroXero recorded its first positive EBITDA ever for the year ended March 31, about $18 million. The New Zealand-based cloud software company also slashed its net loss to roughly $19.3 million for fiscal 2018, 60-percent lower than the red ink in 2017.

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SAP MAKES ANOTHER BYD RUN

Ronald Rand, the Rand GroupLast year, a sign at SAP’s Sapphire conference declared the often-ridiculed Business ByDesign alive and kicking. Despite a shortage of publicly released info, ByD does seem to have experienced a sudden attack of health.

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INFOR CO-PRESIDENT ANGOVE EXITS

Duncan Algove, InforDuncan Angove, who has served as president of Infor, has left the software company. Infor said in a filing this week with the SEC the executive left on May 4. The reason given was the classic pursuing other opportunities.

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COMPUTERWORKS WINS ACCUFUND AWARD

ComputerworksComputerWorks NFP has been recognized as volume sales leader overall and volume leader in nonprofit sales, total unit sales and add-on sales by Needham, Mass.-based AccuFund. The firm was one of eight resellers receiving AccuFund Partner Leadership awards at the nonprofit software company’s annual reseller meeting recently.

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SAGE DEBUTS FAST START

Pascal Gaude, SageSage has introduced Fast Start, a methodology for quicker and less expensive implementations of Sage Enterprise Management (X-3). It’s an approach that has already seen a great deal of success with NetSuite’s SuiteSuccess.

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SOVOS BUYS TRUSTWEAVER

Andy Hovancik, Sovos Sovos has acquired TrustWeaver, a Stockholm, Sweden-based company, which provides global e-invoicing. Terms were not disclosed. In a web post, CEO Andy Hovancik says the acquired software handles both post-audit and clearance models in 60 countries.

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BLACKBAUD: SALES MODEL WORKING

Mike Gianoni, Blackbaud Blackbaud says its changed sales model is producing improved results. CEO Mike Gianoni noted in a recent earnings webcast an emphasis on improved productivity with the existing sales force through common procedures, training, key operating metrics, compensation plans and reporting.

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EDGEWATER NAMES INTERIM CFO

Paul McNeice, Edgewater TechnologyEdgewater Technology, slated to become part of Alithya this year, has named Paul McNeice, the company’s chief accounting officer, as interim CFO. He replaces CFO Timothy Oakes whose resignation was effective April 13.

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