News and Analysis

News and Analysis (15677)

INFOR 1Q: STRONG REVS, BUT

Charles Phillips, InforInfor reported a 9.5-percent increase in revenue for the first quarter ended July 31. But the software company this week reported a loss of $25.4 million, compared to net income of $57.5 million in last year's corresponding period. A big factor in this was currency change.

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RANDOM THOUGHTS: DR. MCCOY

Deforest Kelley, There has been a lot of press about the tendency of batteries in Samsung's devices to catch on fire. My Galaxy Note burst into flames but fortunately I was able to call the fire department. I guess they'll have to tie fire extinguishers into the Internet of Things. Or this could be a chance to develop a notebook with a sprinkler button.

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ACUMATICA 6 LAUNCHED

Ali Jani, AcumaticaAcumatica pumped out its latest edition of its software with an emphasis on CRM, dashboards and a new API. The cloud and desktop software vendor this week also used the roll out in Boston, Mass., as a chance to bring in some reseller prospects—whose names shall remain private, for the moment. New in Acumatica 6 is an integrated CRM-Acumatica add-in for Microsoft Outlook.

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T. ROWE PRICE OPPOSES NETSUITE DEAL

 Zach Nelson, NetSuite T. Rowe Price has told NetSuite it opposes the cloud-based company’s acquisition by Oracle and will not tender its shares. In a detailed letter to NetSuite’s independent director’s, the investment company, which holds about 14.5 million common shares, said it was reiterating points made in an August 30 meeting with NetSuite CEO Zach Nelson, CFO Ron Gill and Steve Gomo, a member of NetSuite’s board of directors.

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SAGE PICKS UP CCH VET

SaeSage has named Jerry Connor as product evangelist, a title I don't think I've heard before from that software company. Conner worked at CCH/Wolters Kluwer for 24 years, primarily in marketing and product management. Among the jobs he held after joining the software publisher in 1991 was senior product line manager for CCH products from April 2010 through May 2014.

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XERO'S MAIOCCO GOES TO PUSHPAY

James Maiocco, PushPayJames Maiocco, credited with leading Xero's $110 million financing round in the United States, has joined PushPay as chief of business development. Maiocco was with Xero North America as GM of business and corporate development, a job he held from November 2014. Prior to that, he worked at Microsoft where he served as director of global partners from June 2010 through September 2012.

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PC BENNETT BUYS ROC SOLUTIONS

Tim O'Sullivan, PC Bennett SolutionsSeattle, Wash.-based PC Bennett Solutions has acquired ROC Solutions of Dallas, Texas. Terms were not disclosed. Tim O'Sullivan, formerly managing partner of ROC Solutions, has been named COO at PC Bennett. O'Sullivan will manage day-to-day operations while overseeing the firm's consulting division.

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BILL.COM VP JUMPS TO AVALARA

Julie Lubetkin, Avalara Julie Lubetkin has joined sales vendor Avalara as VP of marketing, channels and partnership. Lubetkin, who was hired in August, held a position with the same title at Bill.com from 2013 through 2016. Lubetkin originally came into the tax and accounting space as marketing director for the former PayCycle, an early entry into on-line payroll applications. After that company was purchased by Intuit,  she was a marketing director from 2009 through 2013. At Bill.com, she led the accounting professional program.

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SWK'S THIGPEN RETURNS TO NEXTEC

Joshua Thigpin, NextecJoshua Thigpen, who worked at SWK Technologies since August 2013, has returned to Nextec where he worked from May 2005 through August 2013. Thigpen is the latest in a series of personnel changes at Livingston, N.J.-based SWK since former CEO Jeff Roth left in February. He was SVP at SWK from August 2013 through October 2015 and EVP of SWK from October 2015 through last month.

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UNIT4 NAMES CFO

Yann Leca, Unit4Unit4 has hired Yann Leca as CFO, the latest in  executive restocking by the software company this year. The Netherlands-based company named Stephen Sieber as CEO in April. Leca previously held senior-level positions private equity-owned companies.

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