News and Analysis

News and Analysis (15659)

SUGARCRM GETS $33 MILLION

sugarcrm_logoSugarCRM, which has been making gains in the channel, now has $33 million more to continue on that track. The company said it has completed a round of equity and debt financing. The investment round was led by New Enterprise Associates (NEA) and includes participation from new investors Silicon Valley Bank and Gold Hill Capital.  Read more...

HENDRIKSE GETS ACUMATICA CMO TITLE

Stijn Hendrikse, AcumaticaStijn Hendrikse has taken the title of chief marketing officer at Acumatica. Hendrikse announced last month in his blog that he was leaving Microsoft after 12 years for Acumatica. However, his title had not been announced. But the new tag now appears on his LinkedIn page and shows him as having officially started the new job this month.
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RETAIL PRO ADDS 10 VARS

retail proRetail Pro International has added 10 resellers to its channel. Two of these are in the United States with the other eight spread across the globe. The U.S. VARs are Cypress Solutions of Irvine, Calif.; and Retail Professionals Hawaii.

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ACCOUNTANTS LAG IN CLOUD INFLUENCE

clouds golden new.A Microsoft study, designed to show attitudes of small and midsize business regarding cloud products, also asked its 3,000 participants who influenced them in making decisions about such products. And accountants came in last. The category word was "advice from your company accountant" that trailed the pack with mentions by 17 percent of the survey group. Read more...

XERO REVS DOUBLE

xero logoOnline accounting software provider Xero more than doubled revenue and the number of paying business customers for the 12 months ended March 31. The New Zealand-based company said that reached reach about $15.7 million ($19 million in New Zealand dollars.) Business customers grew to more than 78,000 from 36,000. Read more...

DELTEK CHOOSES PREMIER PARTNERS

deltek logoDeltek has chosen nine organizations as Premier Partners for 2012. That group was selected from what Deltek said was a population of more than 50 business partners. The lucky nine are chosen for demonstrating "continued excellence in marketing, selling, implementing, and supporting Deltek solutions." Read more...

NETSUITE PICKS UP V

SAN MATEO, Calif.—March 19, 2012—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP software suites, today announced the latest technology and financial consulting services firms to join the NetSuite Solution Provider Program. These firms include SaaS Consulting Group, Protelo, Rose Financial Services, OSF Global Services and Robinson Consulting Group, which all have seen the surge in demand for cloud solutions from clients who desire the efficiencies, flexibility and cost benefits of the cloud. Partnering with NetSuite enables these firms to capitalize on the growing market opportunities in the cloud and gives them access to a world-class development platform, as well as a superior line-up of cloud business management solutions including NetSuite's core integrated suite that combines ERP / financials, customer relationship management (CRM), Services Resource Planning (SRP), Ecommerce software, and NetSuite OneWorld—a cloud computing solution which enables multinational and multi-subsidiary companies to manage their global financial consolidation and business operations.

 

"At NetSuite, we pride ourselves on creating the premier programs and ecosystems to foster the growth and success of our partners. It's very exciting and validating to announce these new and expanded relationships," said Craig West, NetSuite VP of Channel Sales. "These leaders in financial services, management practices and cloud computing strengthen our network and our mission to enhance businesses worldwide with modern, efficient, flexible and scalable enterprise solutions mutually delivered by NetSuite and only the most valuable partners."

 

As NetSuite Solution Providers, the firms below can draw on their respective vertical domain knowledge and best practices, delivering end-to-end services ranging from deal qualification, customer acquisition, implementation, customization to customer support and service.

 

SaaS Consulting Group (www.saascg.com), a business advisory and consulting firm based in Austin, TX joined the NetSuite Solution Provider Program to help clients improve business processes by leveraging established and innovative cloud technology. The startup has quickly become one of Austin's premier cloud computing consulting firms with an emphasis on the technology and distribution verticals. Rapid implementations and strong word-of-mouth have made it possible for SaaS Consulting Group to attract and retain a roster of fast-growing clients interested in modernizing their systems and replacing costly, stand-alone systems. "After working with NetSuite in sales, finance and operation roles at my previous company, and seeing the productivity benefits and increased security available in the cloud, I knew that we needed to be part of this growth," said Rob Gottschalk, SaaS Consulting Group CEO. "The NetSuite value proposition is very obvious to forward-thinking organizations. Our customers are realizing these benefits within weeks of implementation."

 

Protelo (www.proteloinc.com), a technology services firm based in Folsom, CA joined the NetSuite Solution Provider Program to establish NetSuite as its Premier Business Application Partner. Founded in 2008, Protelo specializes in helping businesses in the wholesale, distribution and light manufacturing industries modernize their legacy systems. Protelo quickly recognized that NetSuite's comprehensive, end-to-end business approach and multinational NetSuite OneWorld solution provided the single most powerful and effective platform for its clients and market. The complex, multinational businesses which were once forced to run on mainframe systems or face multi-year implementations of outdated on-premise software can now modernize their operations with Protelo's expertise and NetSuite's flexible cloud architecture in a fraction of the time and cost. "NetSuite is the only company positioned to dominate its market. Virtually every other solution is based on old technology, owned by consolidators, and not moving forward," says Protelo President Christer Johansson. "NetSuite's vision for multinational markets, languages, currencies, and taxation rules, and the upmarket growth of NetSuite OneWorld are particularly appealing to us."

 

Rose Financial Services (www.rosefinancial.com), the Premier US-Based Finance and Accounting Outsourcing Firm based in Rockville, MD joined the NetSuite Solution Provider Program to expand into the fast-growing market for cloud computing solutions. Named #1 Globally in Finance and Accounting Outsourcing by the Black Book of Outsourcing, RFS has established itself as a leader in the financial and accounting outsourcing services industry serving a client base that spans a wide range of industries including professional services, education, government agencies, healthcare and bio-tech, as well as global companies. Partnering with NetSuite to deliver both NetSuite OneWorld and NetSuite OpenAir gives RFS access to a world-class development platform and solutions to help customers enhance multinational, multi-subsidiary operations with customer relationship management (CRM), services resource planning (SRP), and Ecommerce capabilities. "We are excited to integrate NetSuite into our service offering. NetSuite has built and deployed a fully integrated, scalable SRP solution," said Ted Rose, President and CEO of Rose Financial Services. "In conjunction with our finance and accounting outsourcing services, NetSuite is just the solution many of our clients have been demanding."

 

OSF Global Services (www.osf-global.com), an application development and technology integration services company based in Quebec, Canada expanded its cloud practice from NetSuite CRM+ to the complete range of NetSuite ERP and professional services offerings. OSF can now deliver NetSuite's end-to-end solution, including ERP, CRM, Ecommerce, professional services automation (PSA) and NetSuite OneWorld. The expanded partnership with NetSuite allows OSF access to a superior line-up of cloud-based business management solutions from NetSuite that produce measurable results for its enterprise and multi-national clients seeking to upgrade their antiquated client/server ERP systems to cloud ERP. "For several years OSF has been configuring and implementing NetSuite's CRM software for our clients," said Gerard Szatvanyi, President and CEO of OSF Global Services. "We're excited to leverage our extensive knowledge in business processes and structured project management to now deliver world class services across the full range of NetSuite's business critical applications."

 

Robinson Group Consulting (www.one-rgc.com), a provider of strategic management consulting and technology implementation services based in Chicago, IL joined the NetSuite Solution Provider Program to develop the strength of its ERP and cloud computing portfolio. RGC serves diverse vertical markets spanning manufacturing, wholesale and distribution, financial services, not-for-profit and higher education business sectors, providing implementation, customization and support services. By joining the NetSuite Solution Provider Program, RGC can help its clients meet their business needs with NetSuite by reducing IT and operational costs while improving productivity, agility and flexibility. "Our collaboration with NetSuite allows us to meet the business challenges of our clients with a portfolio of innovative and proven cloud solutions," said Alana Ward Robinson, President and CEO of Robinson Group Consulting, Inc. "RGC consultants have decades of experience in assisting companies to manage their businesses more efficiently. Offering NetSuite enables us to continue leading on the cutting edge."

 

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SAGE EXPANDS X3

sage x3 headerSage has introduced X3 Standard Edition into South Africa. The company’s high-end ERP package is also scheduled to move into Singapore and Malaysia soon. The product was introduced in North America in June 2011. Since then, it has been launched in Belgium, Switzerland, Germany, South Africa, French-speaking African countries and is now available in 30 countries.

 

 

 

 

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MOBILE TO IMPACT PRICING?

This is more theory than observation. But since platform changes produce what I call “catastrophic pricing collapse” we should see application prices drop as mobile pressures desktop pricing. Think about the change from mainframes and minis to PCs, the price of the original Peachtree software (once priced at $5,000) to low-end list prices today, the amazing drop in storage pricing, all accompanied by increased capacity and performance.

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SWK PARENT BOOMS

swk technologies logoSilverSun Technologies, which derives all its revenue from Sage reseller SWK Technologies, turned in a strong performance for 2011. Before we get to the bottom line, the company had operating income of $260,067 for the year ended December 31, compared to an operating loss of $937,117. Read more...

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