News and Analysis

News and Analysis (15677)

DYNAMICS REVS RISE 31 PERCENT

The strong growth of Dynamics revenue continued for Microsoft’s first quarter ended September 30. Dynamics revenue rose 31 percent year-over-year with Dynamics 365 growth up 48 percent.

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FRENCH CO. BUYS TANGERINE’S X-3 BIZ

 The 4CAD Group, company based in France, has acquired the Sage X-3 business of Tangerine Software. The move was pictured as a step in 4CAD’s planned expansion of its business in North America. via acquistion.

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ENAVATE BUYS COLUMBUS U.S. BIZ

Dynamics reseller Enavate has acquired the SMB business of Columbus U.S. for about $16.5 million. The deal includes the Dynamics Business Central, GP and NAV practices.

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LANGER MOVES TO OPENGOV

Stuart Langer, who  spent eight years with Sage Intacct, has taken the job of VP of product management, ERP for OpenGov. Langer joined Intacct in April 2013.

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MIP NEW PROGRAM: NO RESELLING

Community Brands, which is dropping its current channel program, will replace that next year with what it called “a strategic and referral program for the MIP platform.” The company last week said the current VAR program ends on December 31.

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RSM, EIDE EXTEND NETSUITE STREAKS

RSM US and Eide Bailly continued dominating awards for the Oracle NetSuite channel this year. RSM US, based in Chicago, Ill., was again named Worldwide Solution Provider Partner of the Year, a title it has had in 2014 and from 2016 through 2021.

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QB ENTERPRISE GETS CLOUD ACCESS

 Intuit's mid-market desktop product, QuickBooks Enterprise, now has cloud access. The hosting option was introduced this month by Intuit.

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IFS CLOUD REVS UP 104% FOR 9 MOs.

IFS, a sister company to Acumatica, says that cloud revenue grew by 104 percent year-over-year for the nine months ended September 30. All figures in the report were in constant currency so you can probably chop off a few percentage points for actual exchange rates.

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SUBS/CLOUD DRIVE VISMA RESULTS

Visma, which continues to buy financial software companies at a rapid pace, reported a 48.4-percent increase in after-tax income on a 17.9-percent rise in revenue for the third quarter ended September 30.

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COLUMBUS NAMES U,S. SMB VP

Columbus, the Dynamics reseller based in Denmark, has named Sandy Williams as EVP of its SMB division in the United States. It has also made other high-level decisions, the first such moves since Søren Krogh Knudsen took over as CEO in April.

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