News and Analysis

News and Analysis (15646)

DEAL DENTS EDGEWATER BUSINESS

EdgewaterThe pending takeover of Edgewater Technology dented its financial results for the second quarter ended June 30. Revenue fell 13.1 percent to $26.3 million for the most recently period, down from $30.3 million a year ago.

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AVALARA OKS 34 INTEGRATIONS

AVALARAAvalara has certified 34 companies whose products meet the sales-and-use tax company’s requirements for integration. The company says there are now more than 600 pre-built integrations with a wide variety of business applications.

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AVALARA WIDENS LOSS

Scott McFarlane, AvalaraAvalara lost $17.8 million for the second quarter ended June 30, 39 percent more than the  $15.4 million in red ink prior year. Revenue for the most recently ended quarter was $63.7 million, rising 25 percent from $50.9 million a year ago.

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CERTUSI TAKES FIELDEDGE JOB

Connie Certusi, FieldEdgeConnie Certusi, who led the Sage 50/Peachtree business for decades, has become president of FieldEdge. The software company, based in Atlanta, Ga., markets field service software and bills its products as “by contractors for contractors”.

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SILVERSUN EARNINGS DOWN SHARPLY

SilversunNet income for SilverSun Technologies, parent to SWK Technologies, dropped to $17,218 for the second quarter ended June 30, down sharply from $120,493 a year earlier. Revenue for the most recently period was $9.7 million and increase of 13.8 percent from $8.5 million in last year’s corresponding period.

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ROOTSTOCK OPENS HEADQUARTERS

Pat Garrehy, RootstockRootstock software has opened a new headquarters in San Ramon, Calif. The company, which makes software based on the Salesforce platform, said it has had employee growth of 111 percent since the beginning of the year. 

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BRIGHTPEARL RECEIVES $!5M INVESTMENT

Derek O’Carroll, Brightpearl Brightpearl, which markets retail ERP systems, has received $15 million in a growth round. The round was led by Cipio Partners, which existing investors MMC Ventures and Notion Capital. 

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SAGE: INTERIM CMO MADE PERMANENT

Ron McMurtie, SageSage has named Ron McMurtie as chief marketing officer, after he served as an interim CMO since November. Before that, he was  EVP of customer marketing for the software company from November 2016 through September 2017.

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SYSPRO PICKS NEW ASIAN CEO

SysproSyspro has hired Pierre Renard as CEO of Syspro Asia. It is the latest in what appears to be a significant amount of new blood to come into the South Africa-based new blood. 

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EXACT HIRES TECHNOLOGY OFFICER

Jeroen van de Heijden, ExactJeroen van Der Heijden has been named as chief technology officer at Exact. It is a return to the Netherlands-based software company as Van der Heijden worked there from 1991 through 2005.

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