News and Analysis

News and Analysis (15657)

MCGLADREY NAMES CTO

Troy Cardinal, McGladreyMcGladrey has named a chief technology officer. New to the job is Troy Cardinal, who will oversee strategy, applications and operations from the firm’s office in Minneapolis, Minn. Cardinal joins McGladrey after working at KPMG where he started in 2001. In his final position, he was director of offshore technology services, KPMG Technology from 2013 until July and was IT director for that unit from 2010 through 2013.  Always interesting when CPA firms hire someone who worked at another firm. The announcement often omits the name of the prior employers, as was the case here. The prior occupant of the job was Robert Lewis.

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THE PARCELING OF TECTURA

Uwe Bergmann, Cosmo ConsultThe dismemberment of the remnants of Tectura continued this summer while I was somewhat distracted. The North American part of what was once the country’s largest financial application reseller was sold to Australian UXC Eclipse earlier this year. Early in June, QuantiQ Technology, formed for the purpose, acquired Tectura U.K. The QuintiQ website actually headlines the deal as “Tectura rebrands to QuantiQ”, which seems to miss some of the flavor of what happened. Later that month, the Cosmo Consult Group picked up a chunk of Tectura EMEA: the businesses in France, Germany, Sweden and Switzerland. Cosmo Consult sells products for discrete and project manufacturers and project manufacturing, including life sciences, based on Dynamics AX and NAV.

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OLD SERENIC BECOMES ONESOFT

Randy Keith, former Serenic CEOThe corporation called Serenic, which marketed nonprofit applications under that brand, has become OneSoft Solutions. The name change was accomplished on July 28 as part of the deal via which the Serenic financial applications were sold to Sylogist Ltd. Both OneSoft and Sylogist are Canadian companies. With the morphing done, Serenic chairman Dwayne Kushniruk has replaced Randy Keith, who was with the old Serenic since 2007, as CEO and president of OneSoft. Keith remains a director for the next year.

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RANDOM THOUGHTS: DEXTER

Michael C. Hall, The house of Michael Hall, who played the “good” serial killer “Dexter” is on the market. It comes with a set of knives and a lifetime supply of plastic wrap. ...  After two weeks away from ice skating, I was back for a lesson with my teacher. “It’s like I haven’t left,” I told him. ”The things I couldn’t do two weeks ago, I still can’t do.” Later, I was on a bench at the rink tinkering with my right skate, which was having a problem. “What’s the matter?” a guy next to me said. “I’ve got a screw loose.” “Yeah, but what’s wrong with the skate?” But my skating continues to improve. Just the other day, someone yelled, “What a Lutz!” or something like that.

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ASG TOPS SAGE CHANNEL

Alliance Solutions GroupAlliance Solutions Group, a construction software reseller, was named Sage Business Partner of the Year for Top Revenue for North America for 2014. ASG gets the trophy for having the highest product revenue across all Sage lines. Headed by managing partner, Mike Griffith, the company, based in Brandon, Fla., has offices in Florida, California and Texas. The other two top partners for revenue were Morristown, N.J.-based Accordant and Laguna Hills, Calif.-based Blytheco. Accordant is also a construction software specialist and Blytheco was recognized this year for both new license and cross-selling sales for Sage 100, 300 and 500 and for new license sales of Sage Fixed Assets.

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COLUMBUS U.S. RESULTS PLUNGE

Thomas Honoré, ColumbusFinancial results for consulting and reselling firm Columbus plunged in the United States for the first half ended June 30. EBITDA for this country dropped by 83.6 percent to about $173,000 while revenue fell 24.7 percent to around $13.7 million. Combined with the U.S. results, a drop in sales in third-party software sales, the impact of currency drove revenue for the most recently half down 3.7 percent to about $78.4 million. Copenhagen, Denmark-based Columbus is executing a strategy of reducing its reliance on third-party products, such as Microsoft, and selling its own products.

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SALES SURGE AT SWK TECHNOLOGIES

 SWK  TechnologiesSilverSun Technologies, parent to Sage reseller SWK Technologies, saw a 3.7-percent dip in revenue for the second quarter ended June 30. But the Livingston, N.J.-based VAR, which represents all of SilverSun’s operations turned in a 35.7-percent increase in revenue. Net income was $59,890 in the most recently ended period, down from $62,185 a year earlier. Revenue hit $5.3 million, compared to $3.9 million in last year’s corresponding period. The company said software and consulting revenue increase primarily because of implementations of Sage X3.

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SALESLOGIX BEING SOLD TO INFOR

John Oechsle, SwiftpageSaleslogix's most recent owner, Swiftpage, is selling the product line to Infor. Swiftpage will concentrate on Act, purchased from Sage along with Saleslogix, in February 2013. Infor will launch industry-specific products as it backs away from Inforce CRM. In a prepared statement, Swiftpage, H. John Oechsle, said that “We can now fully focus on our core ‘DNA’ of helping micro and small businesses grow.” Sounds like a good move; SalesLogix and Act fit very differently in the market and I’ve been told on my than one occasion by Sage resellers that SalesLogix is  more high end than you’d think.

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RECKON ONE GOING TO THE U.K.

 Clive Rabie, ReckonReckon, an Australia company that markets low-end accounting software, is developing a version of its cloud-based Reckon One for the United Kingdom. That was outlined in the company’s report of results for the first half ended June 30. “Investment in developing and establishing an infrastructure for a UK product has commenced,” the report said. It raises the specter of Reckon One, which competes with MYOB and Xero in its homeland, of going up against Xero and Sage One in the British Commonwealth motherland. Meanwhile, Intuit, whose products were formerly distributed down under by Reckon, will be entering Australia next year and Sage is expected to join the fight in the Outback Corral.

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AVALARA MARKETING CENTER OPENS

Liz Anderson, AvalaraAvalara has started the Avalara Marketing Center, which the sales tax software vendor says is designed to help its resellers generate leads. The center provides content that dealers can use in marketing communications and is designed for channel members who do not have time or resources to handle their own campaigns.

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