Xero, an online accounting system based in New Zealand, is moving into the United States market. The company named a managing director for this country during last month’s annual meeting and while the name wasn’t officially released then, it didn't take long to come up with the name, Jamie Sutherland, who had led the Sage Simply Accounting effort, as the person who got the job.

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SilverSun Technologies, the parent of Sage reseller SWK Technologies, reported a strong second quarter, ended June 30, as it continued a turnaround that began in the first quarter.  SilverSun, known previously as Trey Resources, reported net income of $2.4 million for the most recently ended quarter, compared to a loss of $789,416 in last year's corresponding period.

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The sales-and-use tax business in the mid-market has become more competitive this week with CCH's purchase of SpeedTax of Laguna Hills, Calif. No terms were announced and SpeedTax would hardly be material to the results of CCH's parent, Wolters Kluwer. CCH is keeping most SpeedTax employees, although CEO Anton Donde is going to be  getting the usual consulting job on the way out the door.

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The fact that both NetSuite and SAP reported that their channel business had grown by 60 percent in the June quarter might mean something for the future of cloud computing. Or it might just mean that both companies started with a very small base. Since neither company released actual channel revenue, we don't really know. But it’s clear that Microsoft, with 19-percent increase in Dynamics revenue for the same quarter, had good growth but nothing near that figure. Read more...