News and Analysis

News and Analysis (15677)

NORTH AMERICA LEADS SAGE 1Q GROWTH

North America posted 11-percent recurring revenue growth for the Sage Group for the first quarter ended December 31. That led all regions reported by Sage in this week’s trading update.

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DYNAMICS REVS RISE 22 PERCENT

Dynamics revenue rose 22 percent for Microsoft's third quarter ended March 31, 25 percent in constant currency. Lower than expected by the company, that double-digit level was not as good as the 29 percent registered for the second quarter ended December 31 and the 31 percent hike for the first quarter ended September 30.

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QUISITIVE CLOUD BIZ BOOMED IN 2021

Quisitive Technology Solutions reported strong financial results for the year ended December 31 as both its payments and cloud ERP business boomed. The ERP business for the Toronto, Ont.-based company had $63 million in revenue for 2022, more than two-and-a-half times the $17.2 million the prior year.

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SAGE BUYS NFP LOAN APP

Sage has acquired Mateo Cloud Saving and Loan, an application that enables nonprofit and faith-based organizations manage programs that involve revolving loan funds. Terms were not disclosed for the purchase from Scarborough, Maine-based MAS Integrated Solutions

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SAGE UPS CONSULTANT TRAINING

 Sage has introduced a consultant training program to its reselling channel. The program is aimed at helping VARS find and train staffers to ease the shortage of talent.

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STOCK AWARDS BOOST AVALARA PAY

 Stock awards pushed compensation for Avalara’s top executives past 2019 levels for the year ended December 31. That included CEO Scott McFarlane whose pay last year was 21.7 percent over 2020 levels.

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INSIGHTSOFTWARE BUYS LEGERITY

 Insightsoftware has acquired Legerity, a London, England-based company that makes the accounting rules platform, FastPost. Terms were not disclosed.

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JENSEN GETS M'SOFT STRATEGY JOB

 Channel veteran Peter Jensen has become director of business applications strategy at Microsoft. Jensen, who has been with the software company for 19 years nine months, assumed the new position this month.

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SAGE PICKS NEW COO

 Sage has moved chief people officer, Erna de Ruijter, into the position of COO, according to her LinkedIn profile. She replaces Lee Perkins, who worked at Sage for more than nine years in two different tenures.

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NETATWORK BUYS PROSERVE

Reseller Net at Work has acquired ProServe Solutions. This month’s purchase, whose terms were not disclosed, is the latest move by New York, N.Y.-based Net at Work to build its Acumatica business.

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