News and Analysis

News and Analysis (15677)

ACUMATICA: WE VET MARKETPLACE ISVs

Acumatica vets applications on its online marketplace, Christian Lindberg, VP of partner solutions, said this week.

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ROOTSTOCK INKS DELOITTE DIGITAL

 

Rootstock Software has signed Deloitte Digital to offer consulting, implementation and integration services to manufacturers and distributors with revenue between $50 million and $1 billion.

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INSIGHT BUYS POWERON

 Insighthsoftware has acquired PowerOn, which extends the features of Microsoft’s Power BI. Terms were not disclosed.

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BLACKBAUD STAFF OFF 14 PERCENT

Cost-cutting at Blackbaud in the fourth quarter and this month has resulted in a roughly 14 percent reduction in staff since the third quarter. But 2022 as also the first year the nonprofit software company topped $1 billion in revenue.

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M&A BOOSTS ALITHYA

 Third-quarter revenue for Montreal, Que.-based Alithya received a boost from Vitalyst and Datum Consulting Group, which were acquired last year. Revenue reached approximately $97.8 million, an increase of 19.2 percent for the year ended December 31.

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INFOTEK TOP DELTEK PARTNER

 Infotek Consulting, a systems integrator based in Herndon, Va., has been selected as Global Partner of the Year by Deltek. Infotek was last year’s GovCon Partner of the Year.  

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BILL REVS SOARS 66.2 PERCENT

 Bill (formerly Bill.com) reported revenue rose 66.2 percent for the second quarter ended December 31. But the payment company is also seeing small business growth slow, although it still expects 50-percent growth for the fiscal year.

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PAYA FACES INVESTOR SUITS

 Payments company Paya is facing several investor suits which claim the company’s board omitted or misstated facts related to its pending purchase by Nuvei, a publicly held Canadian company.

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COLUMBUS REVS RISE UP 9 PERCENT        

 Revenue for Denmark-based reseller Columbus rose by 9 percent over 2021, the company said recently. Preliminary results show revenue for last year was approximately $200.4 million.

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USER FAULTS ACUMATICA MARKETPLACE

Acumatica has not ensured companies listed on its marketplace meet high standards, according to one user. Speaking at the recent Acumatica Summit Cassandra Moore, Alpha Insulation and Waterproofing faulted the selection of ISVs. Moore pointed to a need for a “better qualifying system.”

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