
News and Analysis (15657)
U.K. SOFTWARE GROUP GOES PRIVATE
- Thursday, 02 April 2015
- News and Analysis
- Written by mark
The Advanced Computer Software Group, a holding company based in the United Kingdom, has gone private. The company was purchased for about $1.1 billion at the end of March by Vista Equity Partners, whose goal is to make Advanced a global player. Advanced owns several business software companies, most of which do not operate in the United States. These include four financial software lines: e5, eFinancials, OpenAccounts and Exchequer. It also has V-1, a company that markets Professional Services Automation software, and Advanced 365, whose cloud and hosting services has some U.S. presence.
MYOB GOING PUBLIC (AGAIN)
- Thursday, 02 April 2015
- News and Analysis
- Written by mark
The MYOB Group has filed for an initial public offering in Australia. The offering is expected to raise proceeds ranging from about $632 million to about $633 million and will return the company to the public market after six years in private hands. MYOB is owned by Bain Capital, which will not sell shares and which will hold about 57 percent of the shares after the offering. The name MYOB goes back to the Mind Your Own Business, software that originated in Rockaway, N.J.
SILVERSUN REVS UP 23.4 PERCENT
- Wednesday, 01 April 2015
- News and Analysis
- Written by mark
Revenue for SilverSun Technologies, parent of reseller SWK Technologies, hit $21.5 million for the year ended December 31. That was up 23.4 percent from $17.4 million in 2013. Net income dropped to $192,901, a decrease of 40.2 percent from $322,548 the prior year. But to give the company credit, much of that reflected growth. General and administrative expenses reached $1.4 million for the most recently ended year, an increase of 46.2 percent from $4.3 million.
UNIT4 EXPANDING HERE
- Wednesday, 01 April 2015
- News and Analysis
- Written by mark
Unit4, which markets the newly rebranded Coda and Agresso lines, has named Scott Kamieneski as managing director for North America. The Netherlands-based company said the hiring is part of its plan to expand in North America. Last week, the company renamed Coda as Unit4 Financials and Agresso as Unit4 Business World and based new features on a newly announced Unit4 People Platform. And that follows a February announcement that it is considering a move from direct sales only on this continent to also utilizing a channel.
CONVERGENCE VAR BOOTHS BOOMED
- Friday, 27 March 2015
- News and Analysis
- Written by mark
Without going back to 2014 exhibitor list, it still seems safe to say that the floor of the Atlanta Microsoft Convergence show this month had more resellers than ever as exhibitors. There also seemed to be a bumper crop of international resellers. Asking that question of everyone I ran into brought general agreement on that point. Of course, getting around seemed tough because the floor layout was like Manhattan Streets below Canal Street—there were diagonal aisles between exhibits that abutted vertical aisles.
SAGE TO USE NET PROMOTER
- Friday, 27 March 2015
- News and Analysis
- Written by mark
Sage North America is going to use the Net Promoter System to assess how end-user companies view reseller performance. In its most basic form, Net Promoter takes the number of customers who would not recommend a product or service and subtracts those from the number who would recommend them. "We want to make it more of an educational partner experience at this point," Don Deshaies, Sage's VP of product management said. "I think over time there is an opportunity to evolve benefits."
NETSUITE LINKS TO ULITPRO
- Friday, 27 March 2015
- News and Analysis
- Written by mark
NetSuite has agreed to integrate the NetSuite ERP suite with the UltiPro HCM application from Ultimate Software. Besides integrating applications, the companies are cross-selling each others' products in the HCM and ERP spaces. In a prepared statement, NetSuite CEO Zach Nelson said, "The combination of Ultimate's robust HCM functionality together with NetSuite's system of record for core operational processes provides our customers with a tightly integrated solution to run the core aspects of their business."
TOP 100 2015: ARE YOU BIG ENOUGH?
- Friday, 27 March 2015
- News and Analysis
- Written by mark
The call for entries for Bob Scott's Top 100 VARs is open for the 2015 selection. And however many names repeat there are always surprises--those companies that are not widely known, but belong on the list. Each year, some companies disappear, although looking at the 2014 selection, the companies there are still in business. Whether they lose out to faster-growing competitors is another story.
PRODWARE EARNINGS SLUMP
- Thursday, 26 March 2015
- News and Analysis
- Written by mark
The net result for the ProdWare Group, a Dynamics and Sage reseller based in France dropped to about $6 million for 2014, down 32 percent from the 2013 total. The company this month attributed the decrease to its efforts to restructure its German and Benelux operations and align them with the company business model. "The temporary decrease in our net profitability, related to the realignment efforts of our German and Benelux subsidiaries toward our model, is to be viewed in the light of continued growth of our other activities and our strategic activities such as SaaS," the company said in prepared comments.
UNIT4 REBRANDS CODA, AGRESSO
- Thursday, 26 March 2015
- News and Analysis
- Written by mark
Unit4's two ERP lines, Coda and Agresso, have been brought together under a new brand reflecting the parent company's name. Coda has been renamed Unit4 Financials with Agresso now falling under the Unit4 Business World moniker as the Netherlands-based company introduced major new updates to its products. Financials sports a new user interface and experience.The company said the Flexi-fields technology enables users to combine business data with any contextual information from inside or outside the system, such as pipeline data or customer retention information.
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