News and Analysis

News and Analysis (15677)

SAP RAMPS UP ON IoT

Hans Thalbauer, SAPSAP, which has pledged to invest around $2.1 billion in the Internet of Things over five years, has named its IoT portfolio SAP IoT. The name is taken from the inventor, Leonardo da Vinci. The software giant plans a global IoT event that is scheduled to be held from July 11–12 in Frankfurt, Germany, at the KAP EUROPA.

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SERENIC ABSORBS BELLAMY

SERENIC Serenic Software has combined with its sister company Bellamy Software. Both units, which target the nonprofit market, are owned by Sylogist, a publicly held Canadian business. Operating as Serenic, the company is incorporating Bellamy's Analytics, Budgeting, Asset Management, Revenue and Operating modules into the Serenic Navigator line.

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EX-SAGER ARMSTRONG JOINS KENANDY

Donna Armstrong, KenandyKenandy, which develops financial software on the Salesforce platform, has named Donna Armstrong as VP of partners and services. Armstrong, who joined the company in October, will be responsible for helping the Redwood City, Calif.-based Kenandy grow operations and expand its channel.

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TANGICLOUD FOR NFPS LAUNCHED

Jay Cloud, Tangicloud Tangicloud for NFPs, a fund accounting package has been launched. The cloud product, based on Dynamics NAV, comes from Tangicloud, founded by Jay and Leisa Malik, the founders of Serenic. The company took responsibility for servicing 14 clients from a software company that suspended operations in July and transitioned them and a small number of other companies since then.

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COLUMBUS BUYS TRIDEA PARTNERS

Andy Collins, Tridea PartnersColumbus, the Denmark-based reseller and ISV, has acquired Solana Beach, Calif.-based Tridea Partners. Terms were not disclosed. It is the fourth VAR purchase in the last two years in the United States by Columbus, which will continue its pattern of letting the purchased operation keeping its name and tacking on "A Columbus Company".

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FINANCIALFORCE NAMES CEO

Tod Nielsen, FinancialForce FinancialForce has named Tod Nielsen, former EVP of platform at Salesforce, as CEO. He replaces founder Jeremy Roche, who will serve as a special advisor to management. Meanwhile, the company said it is nearing a $100-million runrate and is experiencing revenue growth of more than 40 percent. FinancialForce said the next target is $1 billion in revenue.

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HICKS NOW INFUSIONSOFT COO

Terry Hicks, InfusionsoftTerry Hicks, who once led the QuickBooks Online effort, has become chief operating officer of Infusionsoft. Hicks took on the new title this month after serving as chief product officer for the Chandler, Ariz.-based software company from July 2015. He was with Intuit from February 2000 through February 2015.

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DIRECT SALES SPOTS OPEN AT CBC

SageThe role of Sage's Customer Business Centers has not been made clear. There are two—Atlanta, Ga., and Dublin, Ireland—with more planned, although we have not heard dates. But one interesting thing is the current crop of positions open at the Atlanta center.

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EPICOR BUYS DOCSTAR

Thomas Franceski,  docStarEpicor Software has acquired docStar, which makes ECM and automated accounts payable applications. Founded in 2006, docStar describes its products as designed for companies of all sizes and claims 20,000 customers in 150 countries. Epicor says it plans to integrate docStar integrated Epicor ERP solution in the second quarter this year.

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EX-SAGER LANGER TAKES JOB

Joe Langer, PCLenderFormer Sage VP Joe Langer has taken a job as president of online mortgage company, PC Lender, based in Reno, Nev. Langer was EVP and GM of Sage's Mid-market Solutions division from October 2011 to February 2015. A lot of the channel is happy as long as he does anything but come back to Sage.

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