News and Analysis

News and Analysis (15657)

XERO TOPS 200K AUSSIE USERS

XeroXero has more than 200,000 paying customers in Australia, the New Zealand-based cloud company said recently. That is up from 109,000 a year ago. Australia is Xero's largest market and this item came to mind because that was announced the same week Australia accounting software company, MYOB, announced an IPO to return to being publicly held after several years as a private company. In September, MYOB said it had 100,000 subscribers for its AccountRight cloud product. Unlike Xero, whose applications are all Internet-based, MYOB has on-premise products.

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DSD BUYS ASI ENHANCEMENTS

Jon Reiter, DSD Business Systems DSD Business Systems has acquired Sage 100 enhancements from Accounting Systems Inc., which is based in Columbia, S.C. San Diego, Calif.-based DSD said this week it acquired seven products, which will remain on the market. Jon Reiter, DSD's chief software engineer, said the applications work with Sage 100 ERP versions 4.50, 2013, 2014 and 2015 The enhancements include Service Center, which the parties described as the only Sage 100 product designed for service centers and depot repair shops.

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INTACCT TAKES "STAND FOR EQUALITY"

Robert Reid, Intacct Intacct CEO Robert Reid has taken a stand publicly opposing religious freedom laws adopted in some states. Reid made his statements recently in the Intacct Blog "View from the Cloud". He noted "One aspect of being a CEO that I appreciate is being able to occasionally use that platform to take a stance on important issues." In this case, it is a strong stand on an issue that is generating a lot of controversy and it is taking a stand in an area a lot of companies might avoid.

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XERO, KMPG LINK IN SINGAPORE

 Rod Drury, XeroCloud software vendor Xero has extended its relationship with Big Four accounting and consulting firm KPMG to Singapore. This follows the New Zealand-based cloud company's establishment of relationships with Singapore with KPMG member firms in the United Kingdom and in Xero's home country. Xero said KMPG in Singapore became the Platinum Partner for Xero in Asia and the first outside of its four major markets, the U.K., U.S., New Zealand and Australia.

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TRIDEA OPENS IN NEW ENGLAND

Tridea PartnersDynamics reseller Tridea Partners has opened an office in Portsmouth, N.H. The company, based in Solana Beach, Calif., noted Portsmouth's proximity to Boston, Mass.; Manchester, N.H. and Portland, Maine. Tridea sells Dynamics AX, GP and CRM. In its announcement, the VAR said it has more than 300 clients in this country. The press release also says Tridea has "a strong base of companies in the Life Sciences, Manufacturing, Food and Beverage, Healthcare, Distribution and Alternative Energy."

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ACCOUNTMATE INTROS ENTERPRISE

David Render, AccountMateAccountMate Software has introduced its Enterprise 2015 edition. Built on .Net, the product is a step away from its traditional source-code model. "We will continue to offer source code for those dealers than want it," says COO David Render. However, the product's software development kit means "they don't need it." Modifications are made in a separate layer and are easier to maintain when software is upgraded.

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AVALARA AWARDS FAVOR SIZE

AvalaraAvalara's awards for its 2014 Top Performing Partners show that size has a lot to do with performance. The Top Accounting & Consulting Partner of the sales-and-use tax software company was McGladrey and the Top Marketing and Sales Partner was Tribridge. In last year's Top 100 VARs section, McGladrey was No. 1, taking over the top spot with the disappearance of Tectura from the market, and Tribridge was No. 2, and it seems unlikely that those positions will change for the 2015 selection.

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BRISBANE TOPS ACCUFUND AWARDS

Brisbane Consulting GroupThe Brisbane Consulting Group won top honors as AccuFund handed out its 2104 Partner Leadership awards recently. The NonProfit Solution Division of the Buffalo, N.Y.-based company was volume sales leader overall and volume leader in non-profit sector sales and online sales. Brisbane also has a consulting division that offers business consulting, business valuations, forensic accounting, and litigation support. Mountaineer Computer Systems of Lewisburg, West, Va., which had the top spot in 2013, was volume leader in government sales for last year.

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RANDOM THOUGHTS: MIKE LOVE

Mike Love, Beach BoyThe old men of Rock n' Roll, Rolling Stones, are preparing for the Zip Code tour. That will be followed by the Assisted Living Tour. Who knew that a career of chemicals and groupies would prove beneficial to the older active adult lifestyle? Who envisioned that at this point there would be more original Rolling Stones alive than original Beatles? The Stones tour announcement reminds me of a joke by Jay Leno on the tonight show in commemorating the one hundredth anniversary of the founding of John Phillip Sousa's band.

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EXACT SHARES DELIST; AND A LESSON

Shares of Exact Holding stopped trading on March 31 as its purchase by Apax Partners kicked in. Presumably, we will start seeing some changes under the new owners. The fact Exact is no longer public is something that was obviously going to happen with the purchase. But it emphasizes the role of private equity in this market, shown by the number of news items in this newsletter that involve private equity ownership of business software.

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