News and Analysis

News and Analysis (15674)

BERMAN LEAVES SWK

Lynn K. Berman, who founded SWK Technologies, is leaving the company, in the usual words, to pursue other opportunities. Berman founded the Livingston, N.J.-based reseller in the 1980s and led it through its purchase by Trey Resources in 2004. SWK provides all of Trey’s revenue. Berman is winding up key projects and sales opportunities before her departure. SWK sells Sage's MAS 90/200/500 line and recently took on its high-end X3 manufacturing application.
Read more...

UNIVERSAL SEEKS VARS, CPAS

Add another vendor's name to the “Great VAR Hunt of 2010.” Universal Accounting Software, based in Edgewater, N.J., came to the N.J Society of CPAs business and technology show this week to enlist accountants as resellers and referrers. It was a first for the company, says Arleen Coletti, sales VP. Universal has some resellers, but it had not exhibited at accounting shows. Coletti says Universal would like to involve accountants because, “they are the best ones to evaluate the applications.” Read more...

EXACT SAYS AMERICAS REVS STABILIZE

Exact has released an interim management statement—meaning there aren’t a lot of details—that says revenue for the Netherlands and the Americas stabilized for the first quarter of 2010. Stabilized was explained as meaning organic revenue was “almost flat” for the Americas and the Netherlands although the direction of the almost was not given. However, total company revenue of $66.3 million was down by 7.1 percent from a year earlier. Read more...

TRIBRIDGE BUYS HEALTHCARE MSP

Tribridge, a Tampa, Fla.-based Dynamics reseller, has acquired the Chicago-based Mercatus Group, which provides managed services to health care providers. Mercatus’ Web site describes the unit, which now operates with the added tag “a Tribridge Company”, as operating in the areas of practice automation, billing optimization and practice operations. Read more...

SAGE TRIMS LOSS; NORTH AMERICA LAGS

Paul WalkerHere’s one place it would be helpful if Sage reported quarters instead of six-month periods as the company reported that North American revenue fell to about $428.7 million for the first half ended March 31, down about 6 percent from a year earlier. Since many businesses have shown improved results, it would be helpful to know how sales changed over the period. Chief executive Paul Walker said second quarter results were better than those of the first quarter.

Read more...

NETSUITE TO ADD UP TO 100 VARS

Zach NelsonNetSuite could add 50 to 100 resellers to its channel this year, according to comments made by CEO Zach Nelson in this week’s first-quarter earnings call. Nelson provided no firm target for growing the channel after noting that “100 qualified resellers”, who handle other midmarket financial applications, contacted the company in response to its SP100 program which offers a one-year deal that gives switching resellers 100-percent margin. Read more...

MICROSOFT OFFERS THREE USERS FOR ONE DOLLAR

Dollar signThe headline on Microsoft's Dynamics Finance Community page sounded very interesting: "Have you outgrown Microsoft Office Accounting?" That offered those moving to Dynamics GP  2010 the opportunity to buy three users for one dollar. Of course, if there had been enough Office Accounting customers to make this worthwhile, Office Accounting would still be on the market.

Read more...

DELTEK FILES $200 MILLION SHELF REGISTRATION

Deltek has filed a $200 million shelf registration with the SEC, which technically tells us very little other than the fact just stated. The registration lets Deltek issue a combination of securities, whether stock, debt, rights or warrants, when needed or it feels market conditions are right. There was no use of proceeds stated. You can speculate of kinds of possible uses such as an acquisition or paying down debt. But in any case, the balance sheet for December 31 shows the Herndon, Va.-based company has reduced debt and increased cash over the last year. Read more...

NELSON BASHES RIVALS IN NETSUITE EARNINGS CALL

NetSuite needs a new metric for its earnings calls – the ratio of time spent discussing the results for the quarter compared to the time spent trashing the competition. It reached a new high this week as CEO Zach Nelson did his customary attack on SAP and its BusinessByDesign, which is coming to market in force this summer after a long delay. But he also dealt out harsh comments to Microsoft which had offered a deal for NetSuite customers who moved to Dynamics. Read more...

EDGEWATER LOSS WIDENS

Edgewater Technology, which acquired Dynamics reseller Fullscope on December 31, lost $639,000, a 40.7-percent increase from the loss of $454,000 a year earlier as the company reported its first quarter ended March 31. Revenue for the most recently ended period was $20.3 million, up  36.2 percent from $14.9 million a year earlier. Fullscope, which Edgewater says is the No. 1 Dynamics AX reseller in the United States, was Microsoft’s Partner of the Year for 2008.  Read more...

Visit other PMG Sites: