News and Analysis

News and Analysis (15656)

NETSUITE SETS BPO PROGRAM

Amede Hungerford, NetSuiteNetSuite has launched a business process outsourcing program that will enable channel members to offer services on the NetSuite platform. "This is truly outsourcing business processing," Amede Hungerford, NetSuite's marketing VP, said this week at the company's SuiteWorld conference. "It's not a write-up platform." For anyone who missed the latter point, Hungerford was taking a shot at competitor Intacct whose cloud-based application is used for accounting firms to deliver write-up services to clients, a major line of business for that company.

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AVALARA PAID $26.3M FOR FUELQUEST?

avalaraAvalara announced its purchase of the FuelQuest excise tax line from Zytax two weeks ago. But it did not disclose terms. However, a recent SEC filing from the Bainbridge Island, Wash.-based sales tax software company suggests an amount. Avalara reported it sold $26.3 million in equity in connection with an acquisition. The total amount of the shares for sale was just short of $37 million (three dollars short to be exact).

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LOGAN CONSULTING GETS QAD HONOR

Guy Logan, Logan Consulting Logan Consulting has been named Consulting Partner of the Year by QAD. Based in Chicago, Ill., Logan popped up this year with a request for an application for Bob Scott's Top 100 VARs and easily made the list with $11 million in revenue. I have not seen the firm on any prior Top 100 lists from anyone. Logan carries QAD, a manufacturing package, along with Acumatica, Dynamics GP/AX/NAV and Intacct. The company was founded in 1992 by managing partner and president, Guy Logan.

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OPENERP GETS $10M; BECOMES ODOO

OpenERP has raised $10Fabien Pinckaers, Odoo million in a new round of venture capital funding. And the Belgium-based company, which says the money will support R&D efforts and growth, changed its name to Odoo to "to better reflect its expanded areas of focus in CMS & Ecommerce and POS applications beyond the core ERP function." And I'm sure that's exactly what the name Odoo conveys to all of us. Odoo's American office, by the way, is in San Francisco. 

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NETSUITE’S WHACK-A-MOLE KEYNOTE

 Zach Nelson, NetSuiteMaybe it was the hour delay in the SuiteWorld keynote, attributed to problems with the San Jose convention center system this week—press members with early seating stared at a convention-hall-sized projection of a black-and-white grid. But NetSuite CEO's Zach Nelson's leave-no-competitor-unbashed style seemed to have extra energy. There were visual aids; a photograph of Kirill Tatarinov, president of Microsoft Business Solutions, with that exec's year-ago quote that he was unaware of any completely cloud-based companies doing ERP seriously.

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RCM'S EARNINGS UP 25.3 PERCENT

RCMNet income for RCM Technologies was up by 25.3 percent for the 13 weeks ended March 29, with revenue up 17.8 percent over a year earlier. Pennsauken, N.J.-based RCM offers a wide of technology services and products including Dynamics AX and QAD Workday, PeopleSoft and Oracle and derives revenue from three major segments, engineering, information technology and specialty healthcare. RCM was recently name channel partner of the year for manufacturing software vendor QAD.

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KEYEDIN SEEKS ENGAGEMENT MANAGER

KeyedinKeyedIn Solutions is looking for an engagement manager for its partner channel. The website of KeyedIn, which makes project accounting software, has 12 different job titles open. For the partner job, the cloud company is looking for someone to facilitate the onboarding of new partners and to support the channel with end user sales, implementation and account management. The lucky hire will also act as a partner advocate.

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SWK NAMES HARDY AS SVP

Alan Hardy, SWK Technologies SWK Technologies has named Alan Hardy as SVP of business development. The job and terms of employment were spelled out by SWK's parent, SilverSun Technologies, which completed the purchase of Hardy's firm ESC Software. Both companies are Sage resellers. Hardy gets $162,000 annually and a monthly car allowance of $600. He also receives 600,000 stock options in SilverSun which issue at 15 center per share and vest in five equal annual installments.

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NETSUITE RENEWS LOW-END PUSH

Jim McGeever, NetSuiteNetSuite has continued to go upmarket but is not neglecting the low-end users. COO Jim McGeever said during a press and anlayst session at this week's Suiteworld conference that "we are somewhat re-invigorating our low-end efforts. McGeever later explained that the company is hiring and training recent college graduates to go after companies with fewer than 50 users.

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SEC: LAWSON CHAIR TIPPED BROTHER

Richard Lawson, Lawson Software co-founderThree cofounders of the former Lawson Software have agreed to pay $5.8 million to settle SEC charges of insider trading. The SEC accused Richard Lawson, chairman of the former Lawson Software, of tipping off his brother and John Cerullo about the impending purchase of the company by Infor. The two were given advance information about terms and passed on that data to a third party before it closed in April 2011. The three made $2 million in profits on their trades. Cerullo and both Lawsons co-founded the software company.

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