There's been no press release from the company, but a filing with the SEC shows that online financial application vendor Intacct sold $3 million in convertible preferred stock in June. It's the first SEC filing in more than two years which came as part of a $15 million round of financing the company announced at that time. The nice thing about it is that in the 2008 filings showed little other than stock had been sold. The form Ds now filed with the SEC give the amounts sold, date and types of securities involved. With the company signing Taylor Macdonald to enlist resellers and CPA firms this summer, Intacct has been very busy. Read more...

Getting universities and colleges to use your product in classrooms has been viewed as a good way to spread the product message. And SAP is piloting a project that incorporates the newly launched Business ByDesign into the curriculum of those facilities that are part of the SAP University Alliance. Eighteen universities in the United States, United Kingdom, France, Germany and England are participating in the pilot and receive pre-configured, country-specific versions of feature pack 2.5. Read more...

Looking at the double-digit compensation increases given Lawson Software execs I figured the reason couldn't have been the 8.2-percent decline in net income on a 2.8 percent drop in revenue for the year ended May 31. It had to reflect gross margins which rose to 56.4 percent for FY 2010 from 51.6 a year earlier and produced a nice rise in operating income. In any case, CEO Harry Debes received $4.89 million in compensation up 37.9 percent from $3.55 million in FY 2009. CFO Stefan Schulz pulled down $1.15 million, more than double his prior $530,219. Similarly, Colin Balmforth, EVP of general industries and global support, more than doubled his pay to $1.24 million from $558,213 while Dean Hager, EVP of S3 Industries, pulled in $1.28 million, 32.7 percent higher than last year's $961.479. Read more...

Exact, which markets the Macola, Globe and Synergy software lines, has established the Exact International Business network which it said fosters sharing of business developments among experts and executives of the EMEA and APAC regions. (EMEA is pretty well understood. But let's spell out Asia-Pacific for the other region). The first network event was held at Exact's headquarters in Delft, the Netherlands and was titled "Gateway to International Growth", focusing on growth next year and beyond. More events are planned this year in Paris, London, and Cologne with other locations to be added in its worldwide subsidiary experts. Speakers from the Exact customer base will be invited. I would like to suggest also inviting some outstanding members of the U.S. trade press who could share their observations of the industry and years of wisdom (both of them). I have a modest proposal.

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