News and Analysis

News and Analysis (15677)

SILVERSUN MERGING WITH BITCOIN MINER

SilverSun Technologies, parent to reseller SWK Technologies, has agreed to merge with bitcoin miner, Rhodium Enterprises. Rhodium, which postponed a $100 million initial public offering, becomes SilverSun.

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PROXY ADVISOR FOR AVALARA DEAL

Institutional Shareholder Services, a proxy advisor firm, has this week recommended shareholders vote for the sale of Avalara to Vista Equity Partners. The vote on the proposed $8.4-billion will be be held at a special Avalara shareholders meeting on October 14.

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AVALARA SALE: PRO AND CON

Proxies for and against the sale of Avalara to Vista Equity Partners  this month spell out competing claims about the condition of the sales tax software company.

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RSM TOP NETSUITE VAR AGAIN

 RSM US has been named NetSuite’s Worldwide Partner of the Year this week,  the ninth time the accounting firm has topped the NetSuite channel.

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INTUIT MAKES INTERNATIONAL MOVES

Intuit made two moves outside the United States this week, including a new Canadian headquarters in Toronto, Ont. It also introduced its mid-market, cloud accounting product, QuickBooks Online Advanced, in the United Kingdom.

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NETSUITE NOW 32,000 USERS

NetSuite now has 32,000 users, EVP Evan Goldberg said in the keynote for this week’s SuiteWorld conference. That compares to 28,000 users reported in 2021 by Oracle founder Larry Ellison.

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BILL.COM HIRES COMMERCIAL EXEC

Payments company Bill.com has hired Loren Padelford as chief commercial officer.

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INNOVIA BUYS DYNAMICS BC/NAV BIZ

Innovia Consulting of Onalaska, Wis., has acquired the Dynamics 364 Business Central/NAV Business of Dynamic Manufacturing Solutions. Terms were not disclosed.

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ACUMEN PURCHASES SAGE VAR ORBUS

Acumen Information Systems has acquired Sage reseller Orbus Technologies. Terms were not disclosed for the acquisition of the Kingston, Jamaica-based reseller.

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SECOND GROUP OPPOSES AVALARA SALE

 A second investor group is opposing the sale of Avalara to Vista Equity Partners. Merrion Investment Management Co., a long-term owner of Avalara shares, will vote against the $8.4-billion cash deal, the firm said recently.

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