News and Analysis

News and Analysis (15677)

NEXTEC: CHANGING THE RENT PROFILE

Nextec’s countrywide offices once generated a rental bill of $350,000 annually. That was true for the Seattle, Wash.-based firm a year ago.

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MARTIN ASSOC. PREZ RETIRING

Rick Wilson is retiring as president at Martin & Associates, a Cincinnati, Ohio-based reseller. Wilson, who has been with the firm since March 1993, will be succeeded by Jeff Rose, he said at the recent conference of the Information Technology Alliance.

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XERO NAMES STRATEGY CHIEF

Xero has promoted Angad Soin, its EGM of business operations to the newly created position of chief business operations and strategy officer. The move is effective on February 1.

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VENA HIRES HOWATSON AS CFO

Vena Solutions has hired Melissa Howatson as CFO. She replaces Darrell Cox who left in June after serving in the position since May 2014.

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QBO REVS INCREASE 28.7 PERCENT

 Revenue for Intuit’s QuickBooks Online grew by 28.7 percent for the first quarter ended October 30. That came as desktop QuickBooks revenue increase by a respectable 16.9 percent, the company reported this week,

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KPMG SELLS BOOKKEEPING SERVICE

 Decimal has acquired the online bookkeeping service, KPMG Spark, from Big Four firm this week. Terms were not disclosed.

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REMOTE WORK HERE TO STAY

The mid-market reselling business already had some businesses operating virtually and many others with remote workers before the pandemic. After all, consulting work leant itself to the model as consultants spent much of their time onclit cites.

The comments made by firms submitting applications for Bob Scott’s VAR Stars 2022 made that clear—about 85 percent answered the question about the status of remote work Only one said the firm has ordered workers back to the most. Most were allowing or accommodating remote work. A significant minority are completely virtual—several having joined those where worked that way before the COVID-19 shutdown. A handful said explicitly they have closed offices or are considering it and there is reason to believe that the large number allowing remote work will at least not add to the demand for office space. Given a recent report that commercial occupancy at several major cities is at 60 percent of pre-pandemic levels, it seems likely that resellers at large mirror this trend. For more details, read the VAR Stars special report which will be available later this month.

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SALES VP JOINS XKZERO

Deane Patterson has been hired as VP of sales and marketing for reseller Xkzero. Based in Lincolnshire, Ill. the company announced his hiring this week but his LinkedIn profile shows he joined the VAR in June.

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QBO ADVANCED HIT 165K SUBS

QuickBooks Advanced reached 165,000 customers in Intuit’s last year, the company has said. The figure for Intuit’s cloud mid-market ERP entry represented 40-percent year-over-year growth when the year ended on July 31.

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SAGE’S HARE—JUST THE FACTS

Executives’ keynotes at software conference, following flashing lights and loud sounds, and are often primarily cheerleading.

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