News and Analysis (15710)
MANUFACTURING LIFTS EDGEWATER'S Q1
- Thursday, 01 May 2014
- News and Analysis
- Written by mark
Edgewater Technology, which owns Dynamics reseller Fullscope, rebounded to a profit of $711,000 for the first quarter ended March 31, compared to a loss of $889,000 a year ago. In this week's earnings webcast, CEO Shirley Singleton said the company's bet on "manufacturing coming back to the United States" was one of the factors behind a strong performance. Revenue for the most recently ended period was $27.6 million, up 18 percent, from $23.5 million in last year's corresponding period.
SUGAR HIRES CHIEF PRODUCT OFFICER
- Thursday, 01 May 2014
- News and Analysis
- Written by mark
SugarCRM has hired William Hunt as its new chief product officer. Hunt will oversee SugarCRM's product management, development, quality assurance, operations and the professional services organizations from the company's headquarters in Cupertino, Calif. Prior to joining the open source software company, Hunt was co-founder and chief technology officer of OptTown, which makes self-provisioning CRM for small and medium-sized businesses.
BLACKBAUD BACK IN RESELLING BIZ
- Thursday, 01 May 2014
- News and Analysis
- Written by mark
Blackbaud hasn't been in the midmarket financial space since it canned its Financial Edge channel in 2005, although it has had a small channel remaining for its FundWare nonprofit accounting program. However, the Charleston, S.C.-based nonprofit vendor is back officially this month with the revamped Blackbaud Partner Network. Blackbaud actually had as many as 30 partner categories from its acquisitions. But there was no clear plan, according to Chris Clinton, VP of global channels and the partner ecosystem.
AVALARA BUYS ZYTAX APPLICATIONS
- Thursday, 01 May 2014
- News and Analysis
- Written by mark
Avalara has acquired the Zytax line of energy-related tax applications for the United States and international jurisdictions. Terms were not disclosed. The Bainbridge Island, Wash.-based sales tax vendor purchased the product line from FuelQuest, which makes cloud-based software and services for what are termed global downstream energy companies. There are three Zytax SaaS products that cover the fuel excise tax arena.
NETSUITE EXECS CLEANED UP IN 2103
- Wednesday, 30 April 2014
- News and Analysis
- Written by mark
Hefty stock and option awards more than doubled the compensation for three top NetSuite executives in 2013. That included CEO Zach Nelson whose $12.8 million in compensation last year compared to $5.8 million for 2012. The overwhelming part of the increase came from $9.8 million in stock awards up from $4.3 million in 2012. Nelson also received $1.6 million in option awards, up from almost $680,000 in the same category. The same kind of boost was given to CFO James McGeever, whose haul last year was $8.7 million, up from $3.7 million.
NETSUITE REVS RISE 34 PERCENT
- Wednesday, 30 April 2014
- News and Analysis
- Written by mark
It's practically a formula—NetSuite's GAAP loss rose and the cloud software company showed strong revenue growth. That was the story as the company this week released results for its first quarter ended March 31. The loss rose to $22.2 million, up from just over $13 million in last year's corresponding period. Revenue reached $123 million in the most recently completed period, a rise of 34 percent from $91.6 million a year earlier. Non-GAAP income rose to $4.4 million, up 58 percent over $2.8 million a year ago.
EPICOR INTRODUCES VERSION 10
- Monday, 28 April 2014
- News and Analysis
- Written by mark
Epicor Software has unveiled Epicor ERP version 10 at its annual customer conference. The product is already available and the company this week gave a description of the features, along with the names of nine companies already live with the product. Epicor 10 gives users the choice of on-premise, cloud or managed service deployment and comes with a touch-enabled interface.
INFOR SLICES MAINTENANCE MARGINS
- Monday, 28 April 2014
- News and Analysis
- Written by mark
Infor will cut margins for maintenance and support, amid what appears to be broad new approach that will have a severe impact on its channel. The change is effective June 1. There are reports that maintenance and support margins, are being cut 50 percent and that the channel was blindsided by a move that will have a severe impact. Also making the rounds is the belief that Infor is going to stretch out payments to its channel.
COLUMBUS AMERICAN RESULTS OFF
- Friday, 25 April 2014
- News and Analysis
- Written by mark
A weak pipeline in the United States hurt Columbus in the first quarter ended March 31 and drug down North American results. "We did not close enough deals in Q4 and it impacted us in Q1," CEO Thomas Honoré said during this week's earnings webcast in describing the problems in this country. No other details about the pipeline shortage were discussed. The company reported North American revenue dropped by 15.3 percent for the first quarter ended March 31, while EBIDTA for the continent fell 78 percent from last year's corresponding period.
SOCIUS SIGNS DEEP RIVER
- Friday, 25 April 2014
- News and Analysis
- Written by mark
Dynamics reseller Socius has signed Deep River Technologies as a sales affiliate under the Microsoft Master VAR program. Deep River is only the second affiliate announced by one of the three American Master VARs in 2014 and the other was Socius' signing of NorthLake Partners earlier this year. The SBS Group, which has been the most active of the three, has not announced any so far this year and Tribridge, the other Master VAR, has signed only one in the program's more than two years in operation.
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