News and Analysis

News and Analysis (15677)

QUISITIVE CLOUD SALES DOUBLE

Revenue from the Global Cloud Solutions segment of Quisitive Technology Solutions more than doubled to $36 million for the third quarter ended September 30, from $17.4 million a year ago. That unit includes revenue from Microsoft Azure 365 and Dynamics.

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SAGE CLOUD REVS UP 41 PERCENT

Revenue from cloud native applications rose to approximately $493 million for Sage’s year ended September 30, a 41-percent increase over fiscal 2022. The Sage Group also said this week cloud connected revenue jumped 17 percent to about $991 for the recently ended year.

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SYSPRO DEBUTS GLOBAL ISV PROGRAM

Syspro is taking its ISV program global. The company this week kicked off the effort with the announcement it has certified six ISV products, available to Syspro customers in the Americas, EMEA, and APAC regions.

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EPICOR TOPPED $1 BILLION

 Epicor topped $1 billion in revenue in fiscal 2022. That represented 9-percent growth year-over-year, CFO Sam Monti said during a webcast this week, an unusually newsy webcast.

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S’WARE SALES BOOST SILVERSUN 3Q

 A 59.8-percent increase of software sales countered a 1.4-percent drop in services revenue for SilverSun Technologies for the third quarter ended September 30. SilverSun’s primary operations are via its reselling arm SWK Technologies.

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XERO CEO STEPPING ASIDE

 Steve Vamos, who has been CEO for five years, is retiring early next year as leader of cloud accounting software company Xero.

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PAYA: ERP GROWTH STRONG

The B2b market produced strong growth in the third quarter ended September 30, Paya said during its recent earnings webcast.

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REPAY POSTS $5.4M NET

Repay rebounded into the black for the third quarter ended September 30, while posting 17,1 percent increase in revenue. Net income was $5.4 million for the most recently quarter compared to a loss of $7.1 million a year ago.

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SOLOMON FAULTS MIP’S OWNER

 Community Brands turned away from the reseller channel for its MIP nonprofit software package and did itself a disservice, according to Net at Work co-president Alex Solomon.

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M&A PUSHES ALITHYA REVS IN U.S.

Revenue for Dynamics reseller Alithya rose 41.8 percent in the United States for the first quarter ended September 30. That included $8.3 million from Vitalyst, acquired in February, and $4.9 million from Datum, purchased in June.

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