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News and Analysis

News and Analysis (15710)

NETSUITE BUYS LX GROUP

netsuite logoNetSuite has acquired the LX Group, a San Francisco-based company that in June introduced the Ignite Commerce Suite App.  Besides offering e-commerce functionality, the LX line also offers support for mobile devices. This deal hasn’t exactly been announced by NetSuite. The company’s 10-Q for the June quarter, filed on August 8, contained a “Subsequent Event” that noted: “On August 2, 2011, the Company completed the purchase of substantially all of the assets of a small private company ("SPC") that provides on-demand software.” Read more...

QBES SOARS FOR 2011

The lack of a real reselling channel isn’t denting the sales of QuickBooks Enterprise Solutions, which is probably why Intuit isn’t showing much interest in channel. The company ended fiscal 2011 on July 31 with 57,000 active users, a 26.7-percent increase from the 45,000 in 2010 and 54 percent over the 37,000 in 2009. And Intuit turned in a good year with $634 million in net income, an increase of 10.5 percent over $574 million for 2010. Read more...

INTACCT NAMES SIX TO PRESIDENT’S CLUB

intaactIntacct has named six channel members to its 2011 President’s Club, an honor the company said is based on sales success and client service. Those selected are AccessTek of Naperville, Ill.; Horne LLP of Ridgeland, Miss.; InnoVergent of Alpharetta, Ga., JMT Consulting Group of Patterson, N.Y.; LarsonAllen of Minneapolis and SingerLewak of Los Angeles.

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SUGARCRM NAMES CFO

 andrew chmyzSugarCRM has named a new CFO, Andrew Chmyz, and I don’t envy him the way direct mail to him is addressed or what telemarketers and journalists do to his name.  Chmyz recently was CFO at Marimba, a publicly traded software company, and CRM Vendor Medallia. SugarCRM released information about how much its revenue has grown. Read more...

RETAIL PRO GETS HP DEAL

retail pro logoRetail Pro International has signed a deal with Hewlett-Packard under which the two companies will provide a hardware-software bundle to retailers.  The companies said the package would serve retailers from small, local operations to large multi-national chains and that it provides tools to manage point of sale, store operations and back-office needs. Read more...

COLUMBUS IT EARNINGS SINK

columbus_it_partner-logoLonger-than-anticipated restructuring in France, price pressure and rising costs all took a chunk out of the bottom line of Columbus IT Partner for the first half ended June 30. The Copenhagen-based Dynamics reseller reported a loss of about $1.59 million for the period, compared to net income of just over $1 million a year earlier. Read more...

SAGE CONFIRMS BID FOR MYOB

MYOB logoThe Sage Group has confirmed it is one the parties bidding to acquire MYOB, an Australian company whose names has roots in the United States. The British parent of Sage North America released a statement that "Sage can confirm that it is currently considering a potential acquisition of MYOB. However there is no certainty that it will proceed. The company will provide further information, if and when appropriate." Published reports have the Sage bid at $1.4 billion.

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EPARTNERS SELLS U.K. OPS

ePartners logoEPartners has sold its operations in the United Kingdom to eBecs Ltd., another Dynamics reseller based in that country. It's interesting from two points: the simple news of the event and the fact that ePartners and Tectura, the other major U.S.-based Dynamics VAR, have gone from acquiring operations (well not recently) to disposing of them in the same year.

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FRAHMANN DEFENDS SAGE REBRANDING

Dennis FrahmannSage's plan to rebrand its software line is a hot topic, particularly after Steve Blythe, who heads the company's largest reseller, gave the way it's being done thumbs down. In a post on the Sage North America website this week, Dennis Frahmann, corporate marketing EVP, defended the company's plan, particularly the use of numbers in product names, the way Sage does them in Europe and England. Read more...

ALFAPEOPLE HIRES FORMER COLUMBUS IT CEO

Clause E. HansenAlfaPeople, a Dynamics AX reseller, has hired former Claus E. Hansen, former CEO of Columbus IT Partner as its new COO. The company, which entered the United States this year, says its goal is $7.2 million in profit and $71 million in sales within three years, double its current size.

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