News and Analysis

News and Analysis (15713)

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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PAX8 BUYS BAM BOOM CLOUD

 Dynamics reseller Bam Boom Cloud has been acquired by Pax8, a cloud commerce marketplace.

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SAGE 1Q REVS RISE 10 PERCENT

Sage reported a 10-percent increase in revenue for the first quarter ended December 31. The company reported revenue reached about $668 million in its first-quarter trading update.

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SWK TOP ACUMATICA VAR

SWK Technologies was named Partner of the Year by Acumatica this week, displacing two-time winner Blytheco, which walked away with the Industry Excellence Award for manufacturing.

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KENSIUM TOPS ACUMATICA MVPS

Kensium Solutions had the most Acumatica MVPs for 2023, according to information published this week on the Acumatica website.  The firm had five partner MVPs and three developer MVPs.

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TEIXEIRA JOINS LEASEQUERY

Nancy Teixeira, the channel leader who left Sage this month, has joined LeaseQuery. She is the new channel chief for LeaseQueary, which markets lease accounting software.

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KRAUS LEAVES VISION33

 Dan Kraus, VP of sales and marketing, has left the position has held at SAP reseller, Vision33. Kraus joined the VAR in November 2018. He is now pursuing other opportunities.

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