News and Analysis

News and Analysis (15658)

SAGE OPENS ISV MARKETPLACE

SageSage has opened a marketplace that it calls a global distribution platform for ISVs. The online Sage Marketplace is designed for ISVs to sell add-on products that integrate with Sage's applications—Sage One, Live, Impact and X3. I keep coming back to the gap between X3 and the others and trying to figure out how it makes sense. 

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RECKON EYES GLOBAL GROWTH

reckonReckon, which markets online accounting applications, is targeting international growth in three product line segments. The Australian company, which sells the Reckon One accounting package, is expanding in English-speaking companies with its accounting, practice management and document management products. The software publisher described those goals in its investor presentation that accompanied its release of financial results.

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FOURTH QUARTER SPURS PRODWARE

ProdwareThe Prodware Group reported a 12.1 percent-increase in revenue for the fourth quarter ended December 31 pushed it to a 4-percent increase for 2015. Revenue for the France-based group hit about $201.7 million for the recently ended year, up 6.7 percent on a like-for-like basis. About 48 percent of revenue for 2015 came from French-speaking areas that include North Africa with sales in that area increasing by 14 percent.

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XERO DEVELOPER HEAD LEAVES

Ronan Quirke,  Xero Ronan Quirke, who managed Xero's developer program for the last 11 months, has left the company. Quirke, who was global head of the software publisher's developer platform from March 2015, joined BNZ this month as head of digital banking for business. Quirke joined the New Zealand-based cloud software company in April 2011 as an API account manager.

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SWK SELLS SAGE EXTENDED APPS

Jeff Roth, SWK TechnologiesSWK Technologies has sold its Sage 100 Extended Solution to DSD Business Systems. Both DSD and SWK had updated and maintained the catalogue since its release by Sage. SWK CEO Jeff Roth explained the decision in a prepared statement, saying that while the products are valuable to customers, "the time and effort required to support these solutions and the focus that SWK has on other growth areas demanded that we seek a trusted partner to maintain and support these applications for our customers and other Sage business partners." 

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TRIBRIDGE INTROS WOMEN'S PROGRAM

Tony DiBenedetto, TribridgeReseller Tribridge has launched a program designed to provide greater gender equality in its operations. The Tampa, Fla.-based organization has established the Tribridge Women's Network, which it says includes "measurable commitments for recruiting, retention and development of women leaders, including programs designed to accelerate personal and professional growth."

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RANDOM THOUGHTS: GOP TV SPOT

Just read that the head of chief of staff in North Korea has been executed. The following memory was delivered to his successor: "We've got good news and bad news. The good news is you've been named head of the army. The bad news is your execution is scheduled for next year. ... Federal prosecutors have decided upon an appropriate punishment for the militia that occupied an Oregon wildness area. They will be sent to bed without their supper. ... This week's test is to talk about all the great Super Bowl ads and try to remember what they were advertising.

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TRAVERSE TIES TO AVIDPAY

AvidXchangeOpen Systems has formed a partnership with AvidXchange to integrate with the latter's AP payments applications. The agreement will provide the ability for Open System's Traverse users to access AvidXchange's AvidPay payment system. The companies plan to provide joint activities, such as educational webinars and conferences. Open Systems says AvidPay can be implemented with relative speed and all AvidXchange products come with a 45-day implementation guarantee. Based in Charlotte, N.C., Avid last year completed $225 million in minority growth financing led by Bain Capital Ventures.

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BLACKBAUD REVS UP; NET OFF

Mike Gianoni, Blackbaud Blackbaud reported that net income dipped to $25.6 million for the year ended December 31, down 9.4 percent from $28.3 million in 2014. The nonprofit software company reported revenue of $637.9 million for the most recently ended year, an increase of 12.8 percent from $564.4 million the prior year. CEO Mike Gianoni said in a prepared statement the company was pleased with results in the fourth quarter, especially considering the fact that it was a transition year as the company began marketing its Raisers Edge NXT and Financial Edge NXT cloud products.

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XERO LINKS TO POWER BI

Xero has integrated its low-cost accounting software with Microsoft Power BI. The New Zealand-based cloud software vendor says the link will provide its users with an easier way to access and analyze information from Xero and other  packages. Available next month, the link to the analytics means users can create data visualizations of the most commonly tracked 25 small business metrics, including cash position, revenue versus  expenses, profit/loss trend, debtor days and return on investment.

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