News and Analysis (15657)
SAGE GIVES ACUMATICA $10K COFFEE BILL
- Wednesday, 30 July 2014
- News and Analysis
- Written by mark
Poaching VARs at a competitor's conference has become standard practice. But when Acumatica showed up this week offering free coffee at Sage Summit, events took a different turn. Reportedly, Sage presented Acumatica with a $10,000 bill since it has a non-compete clause with Mandalay Bay where the conference is being held this week. However, Acumatica's position is apparently that the coffee bar is in the "Border Grill" which leases space from Mandalay, but which is independent. Anyway, Sage personnel threatened to return with an attorney.
SAGE’S SULLIVAN JOINS AVALARA
- Monday, 28 July 2014
- News and Analysis
- Written by mark
Tim Sullivan, who was a leader in the Sage X3 effort, has joined Avalara as director of sales. His LinkedIn page shows that Sullivan joined the Bainbridge Island, Wash.-based sales and use tax vendor in April, but the hiring has not been officially announced. Sullivan was director of Sage ERP X3 from January 2011 through April 2014. Before that, he was an area sales manager for Microsoft from June 2002 through January 2011.
QLIK TECH LOSS RISES
- Friday, 25 July 2014
- News and Analysis
- Written by mark
Qlik Technology CEO Lars Björk was bubbly this week about new product introductions during the earnings conference call for the second quarter ended June 30. That includes this month's roll out of Qlik Sense Desktop, the first commercially available release from the QlikView.Next project. For all that, the loss rose to $10.2 million, 28-percent higher than the slightly more than $8 million in red ink for last year’s corresponding period. Sales rose only 22-percent to $131.6 million in the most recently ended period, up from $108 million a year ago.
FRESHBOOKS RAISES $30M FROM VCS
- Friday, 25 July 2014
- News and Analysis
- Written by mark
FreshBooks says it has raised $30 million in what it terms its first institutional venture capital round. And given Xero’s fundraising and plans for a IPO in the United States, it shows how eagerly investors are willing to bet on the low-end, online accounting marketing. You may remember that earlier this year, Paychex made an investment of undisclosed size in Kashoo. The funds raised by FreshBooks will be used to fuel growth, including the expansion of its work force from 150 to 400 by 2016. The round was led by Oak Investment Partners with participation from Atlas Venture and Georgian Partners.
NETSUITE READYING NEW INTERFACE
- Thursday, 24 July 2014
- News and Analysis
- Written by mark
And yeah, yeah, it was a good quarter, but the big news from this week’s quarterly earnings webcast was that NetSuite will introduce a new user interface in 2014. “Later this year, we plan on rolling out our next generation interface,” said CEO Zach Nelson. “It will make NetSuite the easiest and most enjoyable business application to use anywhere.” The other thing notable was it seemed Nelson might avoid taking a whack at the competition. But what a relief, at 40.04 minutes into a 50.40-minute long event, Nelson talked about when companies are “ready to upgrade out their legacy stone age SAP or Sage implementation”.
XERO PLANS U.S. IPO
- Wednesday, 23 July 2014
- News and Analysis
- Written by mark
Cloud accounting company Xero plans an initial public offering in the United States for the year ending March 31, 2015. The company raised $150 million in capital late in 2013, largely from American investors, and you'd think these folks want their money back at some point. Xero is already public in Australia and New Zealand. With the company moving into an offering and the sensitivity involved in such endeavors, I was not surprised when an offered interview with Peter Karpas, CEO of Xero North America, did not produce a lot of new news.
MICROSOFT'S NADELLA: DIFFERENT STYLE
- Wednesday, 23 July 2014
- News and Analysis
- Written by mark
Microsoft did its usual and reported a gazillion dollars in results for the year ended June 30. But that is not the most interest thing about the earnings webcast for the fiscal 2014 results. The thing that stood out is that CEO Satya Nadella participated in the event. And you may not think this is special – after all don’t CEOs take part in the earnings presentations? In the overwhelming number of cases, that’s true. But in Microsoft’s, it hasn’t been the practice. If former CEO Steve Ballmer was on any of the calls, I don’t remember and I started listening to them after the purchase of Great Plains in 2001, back when Bill Gates was CEO.
SAGE THIRD QUARTER SOFTER
- Wednesday, 23 July 2014
- News and Analysis
- Written by mark
No, the company didn’t phrase it this way. But Sage’s organic revenue growth for the nine months ended June 30 was 4.7 percent over the prior year and the rate was 4.3 percent for the most recently ended quarter, Sage said this week. The company expects business to pick up in the fourth quarter and to close fiscal 2014 with 6 percent-organic revenue growth. Lame duck CEO Guy Berruyer said in the company’s interim management statement that “We remain confident of achieving our target of 6-percent organic revenue growth in 2015.”
PAYMENTS HEAD LEAVES SAGE
- Tuesday, 22 July 2014
- News and Analysis
- Written by mark
Greg Hammermaster, who led Sage Payment Solutions for the last five years, has left the company. Christine Scappa, a 14-year Sage veteran led a briefing this week as acting president of the group. Her LinkedIn page shows her as SVP of Sage Payment Solutions while Hammermaster’s does not reflect a change in the position he held from October 2008. However, Sage public relations confirmed that he "left Sage a few weeks ago."
EXACT SELLING LOHN TO SAGE
- Tuesday, 22 July 2014
- News and Analysis
- Written by mark
Exact continues to clean house with the announcement it will sell Lohn, its Germany-based payroll business to Sage. I said earlier this month that I would be surprised, after the company had decided to dump Longview, if it sold its manufacturing packages but that "Lohn is another story." Lohn just didn’t fit with the its other packages in the Specialized Solutions division, which are three American Manufacturing packages, Macola, Max and JobBoss.
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