News and Analysis (15657)
SIKICH ABSORBS ALTICO ADVISORS
- Thursday, 06 August 2015
- News and Analysis
- Written by mark
Accounting firm Sikich has acquired Altico Advisors, a midmarket reseller based in Marlborough, Mass. With $45 million in revenue, Naperville, Ill.-based Sikich was No. 9 on Bob Scott's Insights Top 100 VARs for 2015. Altico was No. 59 with $7.9 million in revenue. The acquired firm carried Dynamics GP and CRM and NetSuite Sikich carries those and Dynamics AX, NAV and SP. Altico was founded in February 2005 by CEO Michael Kean, who had been a director at the former Tectura.
DOLLAR WHACKS QLIK RESULTS
- Thursday, 06 August 2015
- News and Analysis
- Written by mark
The stronger American dollar took a $19.9-million toll on the revenue of business analytics vendor Qlik Technologies for the second quarter ended June 30. The company lost slightly more than $13 million for the most recently ended period, a rise from a loss of $10.2 million a year earlier. Revenue reached $145.8 million, up 10.8 percent from $131.6 million in last year's corresponding period, an increase of 26 percent in constant currencies. The impact stemmed from the fact that 68 percent of Qlik's revenue is dominated in foreign currency.
XERO COO JENKINS TO LEAVE
- Wednesday, 05 August 2015
- News and Analysis
- Written by mark
Ross Jenkins, COO of Xero, is retiring from the company by the end of the year. He will not be replaced. Jenkins started with the low-cost cloud accounting software company as CFO in 2011. His LinkedIn profile describes that as his "dream job." In late January, Jenkins became COO when the company named Doug Jeffries as CFO. Jeffries, who was based in the San Francisco area, left after eight weeks on the job and Jenkins became interim CFO. He will remain in the transition when Sankar Narayan takes over as CFO.
VARS GIVE SAGE CEO HIGH MARKS
- Monday, 03 August 2015
- News and Analysis
- Written by mark
CEO Steven Kelly impressed resellers at last week's Sage Summit, scoring well for leadership, openness and vision. Whether the market gives him time to execute the plan produced a more divided opinion. But as usual, people with positive things to say were more willing to put their remarks on the record. "The message and communications to the partners is a very positive change from the old management team," says Steve Blythe, owner of Blytheco, a top reseller. Bob Kohlmeyer, director of the DWD Technology Group, had glowing comments. "I walked away from Sage Summit more energized than I have in years. They announced a recommitment to Sage partners and increased reinvestment in core Sage products including Sage 100," Kohlmeyer said. "I think Sage has the ship moving in the right direction." Wendy Gorrie of Baass Business Solutions also complimented Kelly on being available to VARs and praised Rich Spring, EVP and chief revenue officer. "He [Spring] is saying all the right things and showing signs of follow through with action," Gorrie said. Other attendees I contacted made remarks in the same tone.
RANDOM THOUGHTS: CLINTON
- Friday, 31 July 2015
- News and Analysis
- Written by mark
Much of the country has been suffering from a heat wave. How hot was it? It was so hot the Canada geese were considering migrating north. It was so hot I saw a robin chilling his worm in a glass of lemonade It was so hot and sticky the jaws of life had to be used to separate the thighs of N.J. Gov. Chris Christie. ... There's a new Maury Povich show. It follows the usual quest to determine fatherhood of children. But it has been named "From Here to Paternity". ... In another update, a remake of the classic cop show "Dragnet" has Friday and Gannon uncomfortably being fitted for bodycams.
EXPENSES DENT BLACKBAUD NET
- Friday, 31 July 2015
- News and Analysis
- Written by mark
Blackbaud saw net income drop to slightly more than $7 million for the second quarter ended June 30, down 24.1 percent from $9.3 million in last year's corresponding period. The company this week reported revenue of $157.3 million for the most recently ended quarter, up 12.1 percent from $139.4 million a year ago. Cutting into the bottom line were operating expenses of $68.4 million, which represent an increase of $16.5 million, an increase of 24.1 percent year-to-year. Subscription income continued its upward trend.
SAGE ERP HITTING THE CLOUD
- Friday, 31 July 2015
- News and Analysis
- Written by mark
Sage is moving major financial software products to the cloud. The SaaS version of X3 was made available this week, coinciding with the Sage Summit Conference. It is scheduled to be introduced into the United Kingdom during the summer and globally this year and next. Sage 100c and 300c are scheduled to hit the market in October. The new X3 can be deployed both in the cloud and on local services "or in an environment hosted by Sage certified partners—all with identical functionality and universal web and mobile access to their business management resources," according to the official press release.
ROPER BUYS ONCENTER
- Thursday, 30 July 2015
- News and Analysis
- Written by mark
Roper Technologies has acquired OnCenter Software. OnCenter was at least partially owned by Accel-KKR, which made an investment of unknown size in October 2013. OnCenter, in business since 1998, markets estimating and project management software. It integrates with a number of packages including Sage 300 Construction and Real Estate. It also links with Cert-In Software Systems, Roger Shaw & Associates, and Prime Estimating Software and Services.
NET@WORK ACQUIRES AXIS
- Thursday, 30 July 2015
- News and Analysis
- Written by mark
Net@Work has purchased St. Louis, Mo.-based Axis Integrated Solutions, a Sage 300 and SageCRM reseller. Axis CEO and founder Kelly Hummel has been named Sage 300 practice director for New York-based Net@Work. With the addition of the Axis sites, Net@Work has 16 locations. Axis, founded in 2005, sold both Sage 100 and 300 and Intacct financial products. Intacct will be dropped from the line up. Net@Work handles Sage 100/300/500 and X3 and NetSuite. It also handles Dynamics CRM, Infor CRM and Salesforce.
UXC SIGNS BIG MONEY DEALS
- Wednesday, 29 July 2015
- News and Analysis
- Written by mark
UXC, the Australian company that owns reseller UXC Eclipse, says it has signed a series of contracts for deals exceeding about $73.1 million ($100M Australian). That announcement followed a June 29 trading update in which it said net profit after tax for the year ended June 30 will be the $20 million to $22 million revenue range (Australian) that analysts have postulated. That compares to $15.7 million in earnings for 2014 and $22.7 million for 2013. UXC had about $565 million in revenue for fiscal 2014 so the new deals are significant for a company of its size.
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