News and Analysis

News and Analysis (15621)

SAGE PICKS 13 SDMO VARS

Sage has kicked off a new stage for its channel with the selection of 13 resellers to implement and support Sage Distribution and Manufacturing Operations.

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AVIDX TO DEBUT PAYMENTS PLATFORM

 Software vendor AvidXchange will introduce a new payments platform this year, along with debutintv a new spend management application.

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WRITE-OFF TRIGGERS REPAY LOSS

An $75.8 million impairment loss for goodwill led Repay to a $110.5 million net loss for the year ended December 31, compared to net income of $12.8 million for 2022. 

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SAGE MAKES VAR AWARDS

Sage presented awards for its top resellers and ISVs at its Transform conference, now underway in Las Vegas with the group selected as its Platinum channel members. 

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BT PARTNERS TOP SYSPRO

Business Technology Partners of Deerfield, Ill., has been named the Top Producing Partner by Syspro Americas for 2023.

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QBE 2Q REVS ABOVE $128M?

 Revenue for QuickBooks Enterprise for Intuit’s second quarter ended January 31 appears to have been for than $128 million, based on statements made during this week’s earnings call.

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PRODWARE REVENUE DOUBLES

 Acquisitions pushed revenue for France-based reseller ProdWare up 102.1 percent for the year ended December 31. Pro forma annual revenue for the Dynamics VAR “approaches” 700 million euro (approximately $747 million), the company said in a press release.

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SAP PICKS AI EXEC

SAP has named Philipp Herzog to the newly created role chief artificial intelligence officer.

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ALTA VISTA, DIGITEK MERGE

 Alta Vista Technology is merging with Digitek Solutions are merging effective March 1, with Alta Vista as the surviving company.  As both are portfolio companies of Evergreen Services Group it leads to the question of the future of Evergreen companies, Alliance Solutions Group, Strategic information Group, Third Wave Business Systems.

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PROCORE’S ENTERPRISE BIZ GROWS

 Enterprise-level customers represent an increasing part of the business of Procore Technologies, CEO Tooey Courtemanche said during the company’s recent webcast for earnings for the year ended December 31.

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