News and Analysis

News and Analysis (15669)

WILSON SCHOLARSHIP STARTED

The late George Wilson Jr.The George Wilson Jr. Scholarship Fund has been established to honor George Wilson, a founding member of the Information Technology Alliance. Wilson died in November. The fund was established by Bergeson & Campbell P.C. and its affiliate The Acta Group, which was a client of Wilson's IT consulting practice for more than 16 years. Lynn L. Bergeson, managing partner of Bergeson & Campbell, said over that time Wilson filled the CIO and CTO functions for the firms.

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INTACCT'S SILVER JOINS MICROSOFT

 Mike Silver, MicrosoftMike Silver, who worked as a partner enablement manager at Intacct, has joined Microsoft. Silver's LinkedIn profile shows he joined Microsoft this month. His profile does not give a title but says he is "Assisting Microsoft Dynamics Partners with their Business Growth, Strategy and Success". He was with the cloud software vendor from August 2013 through April.

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RANDOM THOUGHTS: BOEHNER

John Boehner, former Speaker of the House"You're like the Nile used to be." the optometrist said this week. "You mean that I'm a mighty, untamed river?" "No you have cataracts." ... During a recent physical, my doctor looked at me and said, "Well that's a good sign." "You mean I have a healthy appearance?" "No, I mean you're still breathing." ... Brazil appears to be the odds on favorite to win a gold medal in the 1,000-meter corruption competition for its Olympics preparation.

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BLACKBAUD PLEASED WITH NXT

Tony Boor, BlackbaudBlackbaud is pleased with customer reaction to the introduction of its web-based Raiser's Edge NXT line. During this week's earnings webcast, CEO Mike Gianoni said that the software company is actively selling the product into the installed base and to new customers. "The uptick is very healthy," he commented. And results for the first quarter ended March 31 were very healthy.

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U.S. DRIVES COLUMBUS GROWTH

Thomas Honoré, ColumbusThe results for Danish reseller and ISV Columbus had a familiar theme with this week's release of results for its quarter ended March 31. Acquisitions, particularly in the United States, spurred its growth in consulting and overall revenues. "The growth is primarily due to acquisitions in 2015 and hosting [Danish firm Systemhosting] in 2016," CEO Thomas Honoré said during this week's earnings webcast. It seemed clear that the biggest component was results for Interdyn BMI, purchased last year, although Honoré pointed to improved sales execution at its other operation in this company, Columbus U.S., as another factor.

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SIKICH BUYS BCG

Mark Goodson,  BCG SystemsNaperville, Ill.-based accounting firm Sikich will acquire the assets of BCG & Co., the firms said this week. BCG is comprised by the related businesses, Brockman, Coats, Gedelian & Co., BCG Systems, Inc. and BCG Wealth Advisors. Akron, Ohio-based BCG has $18 million in revenue, which Sikich said represents its largest corporate acquisition. The deal brings together two organizations that had made Bob Scott's Top 100 VARs and VAR Stars several years running.

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ADAPTIVE SUITE SOUPED UP

adaptiveAdaptive Insights has made a lot of enhancements to its cloud-based Adaptive Suite 2016.2. But anytime I see the word "Excel" I hone in on the accountant's favorite tool. Adaptive already featured Excel-based reporting capabilities. But now, the application enables users to view their plans and perform data entry in Excel. The suite offers a new Active Sparklines feature via which trend analysis is now combined with data entry.

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NETSUITE'S REVS, LOSS HIT "30s"

Zach Nelson, NetSuite I think I just invented that term, but for the first quarter ended March 31, the revenue and loss for NetSuite both exceeded a 30-percent change over the prior year. The San Mateo, Calif.-based cloud software company continued its boom-and-spend ways as it reported results this week. The net loss was $29.7 million for the most recently ended quarter, an increase of 30.9 percent over $22.7 million a year earlier.

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QLIK SIGNS DISTRIBUTOR

Lars Björk, Qlik Technology Analytics software vendor Qlik Technology has signed Arrow Electronics to distribute its products. "It will help us grow and scale our partner program," CEO Lars Björk said about the alliance during the week's earnings webcast. He continued that the deal was not aimed at going deep into vertical markets. The Arrow relationship was announced early this month. However, Björk spelled out the impact as the company delivered its first quarter results this week.

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FINANCIALFORCE GETS CUSTOMER EXEC

Adrian Ivanov, FinancialForce FinancialForce has named Adrian Ivanov to the newly created role of chief customer officer. The cloud vendor said Ivanov will be in charge of customer strategy and execution, including product development, sales, marketing, consulting and support. Previously, he was FinancialForce's SVP of global sales.

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