News and Analysis (15657)
INTUIT SPENT $3M ON SHOW?
- Tuesday, 28 October 2014
- News and Analysis
- Written by mark
With all the high-profile speakers at the recent QuickBooks Connect conference, many attendees wondered how much Intuit spent. There was one show day, plus a VIP day and extra pre and post stuff. I bounced the details of the San Jose, Calif.-based event off someone who has paid for such gatherings and received an estimate of $3 million; my quick estimate was $2 million to $3 million. Intuit had no comment on that.
RANDOM THOUGHTS: MARTHA STEWART
- Friday, 24 October 2014
- News and Analysis
- Written by mark
I'm not impressed by the advent of near-field communication, the up-and-coming technology for enabling mobile devices to exchange data by passing near each other. Back on the farm in southern Indiana we had near field communication. When dad was on the tractor in the field near the house we'd yell out, "Do you want us to bring you a sandwich?"... Verizon's email security has gotten much tighter.
NETSUITE: REVS, LOSS, PRICE UP
- Friday, 24 October 2014
- News and Analysis
- Written by mark
NetSuite continued its march into the Tier 1 financial software space during the third quarter ended September 30. In this week's webcast, CEO Zach Nelson said the cloud company beat all forecasts, saw high growth across all industry groups and set a record for $1-million plus deals. "Most of them are single tier—full-blown replacement of software that was done 20 years ago," he said. He also ascribed the much of growth to global systems integrators.
AVALARA HIRE SIGNALS GLOBAL PLANS
- Friday, 24 October 2014
- News and Analysis
- Written by mark
Avalara has named Richard Asquith as VP of global tax compliance. The Bainbridge Island, Wash.-based company says Asquith's hiring is part of its plan to develop its transactional tax compliance offerings internationally. Based in the United Kingdom, Asquith founded the TMF Group and led its global VAT practice for 10 years. He began his career at KPMG in the U.K. and later joined Ernst & Young, and assisted companies entering in new markets while working in Russia, Hungary and France.
MICROSOFT'S NADELLA'S PAY: $84.3M
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Whether Microsoft's cloud ERP is real or not, compensation for its named executives was certainly in the cloud for the year ended June 30. The group saw its pay balloon from the value of stock awards granted. At the top, new CEO Satya Nadella had total compensation of $84.3 million, with $79.7 million from the stock grants. Nadella took over the job in February left by founder Steve Ballmer and you'd have to call this a pretty good fiscal 2014 for the new top guy. COO Kevin Turner pulled down $22.7 million, just over $19 million from the stock. General counsel Brad Smith had $19.1 million in compensation; just under $17 million from stock awards.
MACOLA SIGNS BAESIS AS VAR
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Exact Macola has signed a new reseller. And while adding one VAR would not be a big deal for most financial software vendors, it has been a long time coming for Macola. For the channel, the salient news is that Baesis, based in Northborough, Mass., is a Sage reseller. More particularly, it handles Sage 100, SageCRM and Quantum and JobOps and MiSys. Apparently this is a homecoming for the company headed by CEO Frank Leonard.
INTACCT OPENS ROMANIAN OFFICE
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Intacct has opened a development office in Cluj, Romania. It is the second international site for the San Jose, Calif.-based cloud accounting software company. The office will be managed by Marian Crisan, described as having 15 years of experience and as "having developed strong skills in business development and managing complex programs and projects in the Telecom, Media, and Public sectors. Intacct plans rapid expansion in Romania.
INTUIT'S BIG REVEAL; BIG REVEAL?
- Thursday, 23 October 2014
- News and Analysis
- Written by mark
Intuit promised "The biggest announcement in QuickBooks History" would result in a "Big Reveal" at this week's QuickBooks Connect conference. Many industry veterans believe something was omitted. After Intuit debuted a new version of QuickBooks Online Accountant, the main reaction was "That was the big announcement?" The Intuit Accountants Facebook page made that "We announced the most significant product offering ever for accounting professionals", not quite the same thing.
VERTEX SMB SIGNS SOCIUS
- Wednesday, 22 October 2014
- News and Analysis
- Written by mark
Vertex SMB continued to sign top resellers for its sales and use tax business. The company said this week it has signed Socius, a Dublin, Ohio-based company that has been an award winner for both Microsoft and Sage and has been the only reseller to be selected as a member of the Dynamics Inner Circle and Sage President's Circle the same year and did that more than once. Socius is led by CEO Jeff Geisler.
ACUMATICA RAISES $13M IN FUNDING
- Tuesday, 21 October 2014
- News and Analysis
- Written by mark
Acumatica this week revealed the amount of funding it has received from MYOB, the accounting software company based in Australia. The Kirkland, Wash.-based cloud and on-premise software company says it has received $13.3 million in led by MYOB, which is owned by Bain Capital. Acumatica says it has now raised $30 million in outside investments. The MYOB connection was announced in August at Acumatica's Partner Summit.
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