News and Analysis (15677)
QB ONLINE REVS JUMP 33.4%
- Friday, 26 August 2022
- News and Analysis
- Written by BobWScott
Intuit’s QuickBooks Online continued its substantial growth with revenues from the product line rising 33.4 percent for the year ended July 31. QBO revenue increased to $2.37 billion for fiscal 2022 from slightly less than $1.7 billion for fiscal 2921.
QUISITIVE REVS JUMP 107 PERCENT
- Wednesday, 24 August 2022
- News and Analysis
- Written by BobWScott
Canadian reseller than Quisitive more than doubled its revenue for the second quarter ended June 30, while sharply cutting its loss. The two major business segments each more than doubled sales from year-earlier levels.
WHY IS AVALARA SELLING?
- Monday, 22 August 2022
- News and Analysis
- Written by BobWScott
Avalara’s agreement to be acquired by has some people exchanging thoughts about why the sales tax software company agreed to the deal. That deal is a $8.4-billion purchase price from Vista Equity Partners.
BILL.COM BUILDING SINGLE PLATFORM
- Sunday, 21 August 2022
- News and Analysis
- Written by BobWScott
Bill.com is building a single platform to bring together the companies it has acquired over the last year. The work will bring together the company’s original payments operations and the products from the former Divvy and Invoice2Go companies it purchased in 2021.
SAGE BUYING LOCKSTEP
- Tuesday, 16 August 2022
- News and Analysis
- Written by BobWScott
The Sage Group has agreed to buy Seattle, Wash.-based Lockstep, whose software is designed a variety of applications, including AP and AR workflows. Terms were not disclosed.
SILVERSUN REVS RISE 4 PERCENT
- Friday, 12 August 2022
- News and Analysis
- Written by BobWScott
Revenue for SilverSun Technologies, parent of reseller SWK Technologies rose by 4 percent for the second quarter ended June 30. That stemmed from a combination of a 6.9-percent drop in service revenue and a 5.8-percent rise in product revenue, the company reported this week
VITALYST BOOSTS ALITHYA IN U.S.
- Thursday, 11 August 2022
- News and Analysis
- Written by BobWScott
The acquisition of Vitalyst boosted the revenue of Alithya for the first quarter ended June 30 by 44.3 percent. That company, purchased early in 2022, helped the Dynamics and Oracle reseller to overall revenue of $126.8 million for the most recently ended period, up 23.3 percent from $102.9 million a year earlier.
INSIGHT BUYS BI/ANALYTICS VENDOR
- Thursday, 11 August 2022
- News and Analysis
- Written by BobWScott
Insightsoftware this week has acquired Dundas Data Visualization, which is based in Toronto, Ont. Dundas provides what is called a business intelligence, analytics, and data visualization platform.
REPAY UPPING ERP INVESTMENTS
- Thursday, 11 August 2022
- News and Analysis
- Written by BobWScott
Repay is increasing its investment with ERP companies that integrate with its payments software, executives said this week. The comments came as they reported results for the second quarter ended June 30.
NETSUITE VAR ABACI ACQUIRED
- Wednesday, 10 August 2022
- News and Analysis
- Written by BobWScott
Abaci, a NetSuite reseller, has been acquired by private-equity firm, Accordion. No terms were disclosed.
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