News and Analysis

News and Analysis (15658)

IFS AGREES TO BUY OUT

Alastair Sorbie, IFSIndustrial and Financial Systems, which markets enterprise-level software, has agreed to a buyout from private equity group IGT Holding. While the Swedish-based ERP company is outside of the usual kinds of software vendors covered here, it joins a steady stream of financial software providers that have been taken out of the publicly traded market by the private equity interests. The deal is worth about $1.1 billion.

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SIMPRO SEEKING VARS; GEM ACCOUNTS?

Ken Del Gobbo, simProSimPro, which owns Gem Accounts, is recruiting a reseller channel in the United States. It has hired Ken Del Gobbo, who has been president of Gem Accounts since October 2013, as VP of partnerships for North America to enlist VARs for simPro's job management software. That leaves the question of what is going on with Gem Accounts, which launched small business and mid-market versions of its accounting software two years ago?

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ABILA HIRES DEVELOPMENT EXEC

Lars Powers, AbilaNon-profit software vendor Abila, based in Austin, Texas, has hired Lars Powers as VP of software development. He was previously director of application development for Austin-based Newgistics from December 2014 until this month. He served as software development manager for the Austin office of 3M Health Care from August 2011 through November 2013.

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HITACHI SOLUTIONS BUYS IGNIFY

Sandeep Walia, Ignify Hitachi Solutions America has acquired Ignify in the next step in the consolidation of the Dynamics AX market. With $24 million in revenue, Ignify was No. 22 on Bob Scott's Top 100 VARs for 2015. Ignify was founded in 1999 by Sandeep Walia and Pankaj Kumar and sells Dynamics AX, CRM and AX for Retail Point of Sale. Hitachi Solutions does not break out numbers and that means Ignify gets subsumed into the larger company and that's the last we'll have on any details there.

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MACOLA 10.3 NOW AVAILABLE

exact newBefore new management came to town, there was no new version of Macola released in 10 years. Now, Exact has gone from introducing Version 10 last year to Exact Macola 10.3 this month. Features include integration with Avalara's sales tax software, AvaTax. Exact has added Windows 10 support and Spanish language support throughout the product. The company says this bolsters its recent focus and expansion within Latin America.

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INFOR: WE WIN MORE WITH SAAS

Charles Phillips, InforInfor says more than 50 percent of deals in its pipeline are for SaaS products. And because it has been winning a higher percentage of SaaS deals than it does with on-premise, it expects its win rate to rise, CEO Charles Phillips said in the company's recent earnings webcast. In discussing results for the first quarter ended October 31, "Our pipeline is up double digits," Phillips said. SaaS revenue could top 50 percent of the total next year if the trend continues.

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BLACKBAUD EXTENDS CEO'S JOB

Mike Gianoni, Blackbaud The contract of Blackbaud CEO Mike Gianoni has been extended for four years and he has been granted some plump rewards. Gianoni's salary was raised to $700,000 annually, up from a $600,000 based and he was granted a restricted stock grant of the Company's common stock valued at $5 million, which vests on Dec. 31, 2019 if he is still employed. The announcement by the nonprofit software publisher credited Gianoni with "a rapid wave of innovation within its product portfolio, significantly improved client satisfaction, and has experienced more than 60-percent growth in its stock price."

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RANDOM THOUGHTS: CHIPMUNKS

Alvin and the ChipmunksThe local Rite Aid is occupying a space formerly the site of a Bank of America. As a result, it has three drive-thru lanes. Two have the labels, "Drop Off" and "Pick Up". I am proposing the third be labeled "Undecided". ... Presidential candidate Donald Trump is trying to make his dream a reality—to make the United States a place where every boy can afford a permanent comb over.

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INFOR REVS SHIFTING TO SUBSCRIPTION

The results for software vendor Infor for the second quarter ended October 31 are difficult to describe. The company swung to a loss over the prior year with a drop in revenue. However, Infor is being impacted by a switch of its fiscal year end from May 31 to April 30, which means the push for sales by the ends of quarters is different. The loss for the most recently ended quarter was $2.9 million, compared to income of $13.1 million a year earlier. Revenue dropped to $663.3 million, down 3.3 percent from $685.6 million in the year earlier quarter.

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NETSUITE ENHANCES ONEWORLD

NetSuiteNetSuite says the latest enhancements to its OneWorld suite support configured tax compliance in more than 100 countries. The cloud software company said this week OneWorld's Global tax supports omnichannel, omni-country business operations, taking into account the origin and destination of shipments in order to calculate the taxes for a given transaction. Within the European Union, it also handles triangulation reporting requirements for business engagements that span three countries.

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