Xero has raised about $110.8 million in capital and named a new president in the United States. The company said this week Accel Partners is contributing $100 million in funding with current shareholder Matrix Capital Management chipping in $10.8 million. Well, this could explain the recent rise in the company's stock price. Meanwhile, Xero said that former Dell executive, Russell Fujioka, has been named president of its United States operations.

Acumatica has added seven new VARs, including three that carry Infor products. But the latest round was equal opportunity poaching with one pure Dynamics, one pure Sage, and two VARs with mixed product lines. The Infor VARs are DSA of Glendale, Ariz., which handles Infor SX.e and Distribution Facts; Central Data Systems of Farmington Hills, Mich., which also markets Infor SX.e; and NSA Computer Exchange Hicksville, N.Y., which does not refer obviously  to its Infor line on its website, but it does serve distributors.

Xero's stock had been beaten down by 50 percent from its highs over the last year. But from February 16 through February 19 it jumped to $19 per share up 15.85 percent from $16.40 per share (Australian). (And which have since topped $20.) The calculations were posted by the New Zealand stock exchange in an inquiry to the company. The inquiry and response is required under New Zealand Listing Rule 10.1.1 when a stock moves significantly.

Avalara has named Patrick Falle as North American Channel Chief as the company reorganizes its channel. Falle takes over from Pascal Van Dooren, who had been handling all channel duties but now is responsible for overseeing global channel efforts. Falle, a founding investor of the Bainbridge, Island, Wash.-based company, takes over recruiting more reselling, development and accounting partners in North America and internationally.