News and Analysis

News and Analysis (15622)

SOVOS BUYS TRUSTWEAVER

Andy Hovancik, Sovos Sovos has acquired TrustWeaver, a Stockholm, Sweden-based company, which provides global e-invoicing. Terms were not disclosed. In a web post, CEO Andy Hovancik says the acquired software handles both post-audit and clearance models in 60 countries.

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BLACKBAUD: SALES MODEL WORKING

Mike Gianoni, Blackbaud Blackbaud says its changed sales model is producing improved results. CEO Mike Gianoni noted in a recent earnings webcast an emphasis on improved productivity with the existing sales force through common procedures, training, key operating metrics, compensation plans and reporting.

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EDGEWATER NAMES INTERIM CFO

Paul McNeice, Edgewater TechnologyEdgewater Technology, slated to become part of Alithya this year, has named Paul McNeice, the company’s chief accounting officer, as interim CFO. He replaces CFO Timothy Oakes whose resignation was effective April 13.

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LANCASTER OUT AS SAGE X3 VP

Brian Lancaster, SageBrian Lancaster, who has headed Sage Enterprise Management sales in North America, is gone from that position. Lancaster, who has been VP in the EM (X3) effort joined Sage in May 2016.

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CENTRAL DATA BUYS LOWERY SYSTEMS

Dan Lowery, Lowery SystemsCentral Data Systems of Farmington Hills, Mich., has acquired St. Louis, Mo.-based Lowery Systems. Terms were not disclosed. Both firms carry Infor distribution software products. 

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SAGE CORRECTS REVS PROBLEMS

Steve Kelly, Sage Sage says it has addressed problems that caused it to lower its revenue expectations for the year ending September 30. The company excised 30 executives, names and locations not given.

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FFORCE ISSUES SPRING RELEASE

FinancialforceFinancialForce has issued a Spring 2018 Release. New features included an enhanced Billing Central which the company described as “enabling businesses to deploy various, complex-charge models with greater speed and configurability.”

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RSM TOP NETSUITE VAR

ramRSM US was named Worldwide Solution Partner of the Year at last week’s SuiteWorld. And with Eide Bailly named Americas Solution Partner of the Year, the awards follow the news the two accounting firms are acquiring top NetSuite VARs.

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DYNAMICS 365 REVS SOAR

Amy Hood, MicrosoftMicrosoft’s Dynamics business rose by 17 percent for the third quarter ended March 31. In a recent earnings webcast, the CEO Satya Nadella cited strong growth in revenue from Dynamics 365 in the improvement over last year’s corresponding period.

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GILLIS JOINS DXC TECHNOLOGY

Mike Gillis, DXC TechnologyMike Gillis, who headed reseller operations at two Hitachi units, has joined DXC Technology. Gillis became leader of DXC’s Microsoft business in America this month, according to his LinkedIn profile. DXC’s operation include the former Tribridge and UXC Eclipse.

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