News and Analysis

News and Analysis (15373)

MYOB AGREES TO KKR, EXCEPT

MYOBAfter initially rejecting a takeover bid by KKR, Australia-based MYOB has accepted an offer of $3.40 (Australian) per share for the shares KKR does not already. There is one big exception to this—MYOB is free to solicit competing proposals until February 22.

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SWK BUYS CHICAGO-AREA SAGE RESELLER

Merilyn Van Zwieten, Partners in TechnologySWK Technologies, based in East Hanover, N.J, has acquired Partners in Technology, a Sage reseller based in the Chicago area. The announcement by SWK’s parent, SilverSun Technologies, reported PIT had 2018 revenue of more than $1 million.

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ACUMATICA CMO MOVES TO SAP

Kathy Visser-May, SAPKathy Visser-May, chief marketing officer for Acumatica, has become VP of global marketing for SAP. Visser-May was with the cloud-based software company from April 2015 through December 2018.

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GREGOREC TAKES TIMELINX SPOT

Jeff Gregorec, TimeLinx SoftwareJeff Gregorec, who has held executive sales positions with Blytheco and Sage, has become EVP and GM of global operations with TimeLinx Software. TimeLinx markets CRM-based web and mobile project and service management software.

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SUMMIT REGISTRATION OPENS

Dynamic communitieDynamic Communities has opened registration for its Summit conferences this year. They will be held at the Gaylord Palms Resort. Kissimmee Florida during the week of October 13.

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DELTEK ACQUIRES AVITRU

Jim Contardi, AvitruDeltek has acquired Avitru, which makes building specification systems. Originally known as ARCOM, Avitru, based in Atlanta, Ga., markets SpecText, SpecBuilder Cloud and e-SPECS.

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BLYTHE HANDS OVER FIRM'S REINS

Lori Seal, BythecoStephen Blythe has turned over ownership of Blytheco to two of the reselling firm’s executives. Executive January 1, Lori Seal and Phil Sim took over ownership of the 39-year old VAR.

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QAD NAMES INSIDER AS CEO

Anton Chilton, QADManufacturing software vendor QAD has named one of its veteran executives, Anton Chilton, as CEO. He succeeds the late Karl Lopker, who died on August 25 after a 13-year battle with stage 4 prostate cancer.

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INTUIT’S NEW TEAM IN POSITION

Sasan Goodarzi, IntuitIntuit’s change of leadership was completed this week as Sasan Goodarzi took over as CEO from Brad Smith. Smith, who became CEO in 2003, moves into the position of executive chairman. 

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DXC'S $880M FORECAST DROP DRAWS SUIT

John Michael Lawrie, DXC TechnologyA $800-million drop in revenue targets and changes in executive sales leadership has triggered a law suit against DXC Technology. Investors have until February 25 to ask to be made lead plaintiff in a class action suit against the company, which has a large Dynamics practice.

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