News and Analysis

News and Analysis (15658)

SAGE PAID CEO $2.3M IN 2015

Steve Kelly, SageThe Sage Group paid CEO Steve Kelly about $2.3 million for the year ended September 30, according to the remuneration section of the company's 2015 annual report. That was for Kelly's first year running the software company. He started in November. Those numbers include salary, benefits, bonus and pension. The reports for remuneration in the United Kingdom do not lump in the value of stock and option grants as is the practice in this country.

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INTUIT EXEC JOINS AIR NEW ZEALAND

Avi Golan, Air New Zealand Air New Zealand has named Avi Golan, VP of Intuit's Small Business Group, to the role of chief digital officer. His hiring was reported in New Zealand business publications last week. Golan had served in the Intuit job since November 2013. His LinkedIn profile described the position as leading "the platform strategy to grow the QuickBooks ecosystem ..."

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RANDOM THOUGHTS: VERDI'S OPERAS

Giuseppe Verdi, portrait by Giovanni BoldiniNinety percent of world's data has been created in the last year and I think I'm getting it via my email system. ... Someone asked me if I liked cat videos. I said, "No, and I don't think their little paws can handle the controls on the cameras." ... In response to the overreaction to gluten in food, I am preparing a cookbook that celebrates gluten-infused food. ... I was explaining the plot of Verdi's opera, "La Traviata", in which Alfredo is in love with Violetta, a courtesan.

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SAGE 50, X3 LEAD AMERICAN GROWTH

Steve Kelly, SageThe Sage 50 accounting software line and its X3 manufacturing application led revenue growth in North America for the year ended September 30, the Sage Group said this week. Overall, the company had its greatest rate of revenue growth in eight years, CEO Steve Kelly said during this week's earnings webcast. That included 4-percent organic revenue increases reported on this continent. Worldwide, Sage reported net profit of roughly $347.6 million, an increase of 32.6 percent from the prior year and worldwide revenue of about $2.15 billion, an increase of 6.1 percent from fiscal 2014.

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VAR STARS NAMED NEXT WEEK

The 2015 class of Bob Scott's Insights' VAR Stars will be unveiled on Friday, December 11, in time for Christmas. The 100 resellers selected are chosen based on quality, not revenue, so it represents a wide span of organizations, from those employing one person, to the largest resellers in the Top 100.

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KELLY: NEARLY 40% TOP SAGE EXECS NEW

Steve Kelly, Sage Group Sage Group CEO Steve Kelly said this week that "nearly 40 percent of the top 100" employees in his company are new since he took over his job a year ago. If you have followed the items in the last two newsletters, there has been a flood of new names—almost all unannounced, but you can follow the trail through LinkedIn. During this week's 2015 earnings webcast, Kelly said "a majority are experience new joiners, complimented by a number of internal promotions."

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BLACKBAUD TO RE-ENTER VAR MARKET

Kevin Mooney, Blackbaud Blackbaud plans to start a Value-added Reseller program in 2016. The information was given at this week's Investors Day. Unfortunately, I missed the webcast and no replay is yet available. The slides associated with the announcement say partners will manage client relationships and every relationship will be supported by a dedicated Blackbaud relationship manager. The nonprofit software company also pointed to success in its Partner program that was started this year.

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SAGE NAMES BIZ CENTER GLOBAL VP

Peter Biber, SageSage has named Peter Biber as global VP of customer experience for its developing Customer Business Centers. Biber, based in Orange County, Calif., has been with Sage since December 2013. His prior job at Sage was as VP of customer experience operations, which he held for a year. From July through October, he was interim VP of the CBC in Atlanta (Lawrenceville, Ga.) In his LinkedIn profile, Biber noted "I will be responsible for growth of the CBCs.

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INTUIT RE CEO PAY: GREAT JOB; ... BUT…

Brad Smith, IntuitIntuit's executives received hefty hikes in compensation for the year ended July 30. The exception was CEO Brad Smith, who saw his pay fall to slightly more than $16 million for the most recently ended year, a decline of 3.2 percent from $16.5 million for fiscal 2014.  However, Smith's total for 2015 was still sharply higher from the $12.5 million he earned for fiscal 2013. Otherwise, the heads of the software company's two divisions and its CFO received double-digit increases, largely as the result of stock awards.

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EDGEWATER REVIEWING OPTIONS

Wayne Wilson, Edgewater Technology directorIn the face of a hostile takeover bid, Edgewater Technology has authorized the review of choices that could enhance shareholder value. The decision by the board of directors of the Dynamics reseller comes as the company's management faces a hostile takeover attempt by Lone Star Value Investors and Ameri Holdings, which have submitted a bid of $8.50 per share for all of Edgewater's shares. The Edgewater board has unanimously rejected the offer.

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