
News and Analysis (15656)
ISM, BENNETT PORTER, PICK UP ACUMATICA
- Thursday, 12 December 2013
- News and Analysis
- Written by PMG Admin
It's been a good recruiting season for Acumatica. On the heels of signing SWK Technologies, the Kirkland, Wash.-based cloud vendor signed ISM. In the last week, Acumatica says it has also signed Bennett Porter, so it's fair to say that the company has picked up some quality resellers at the same time. ISM has revenue of $7.1 million and SWK, $13.2 million, as listed in their recent VAR Star submissions, which points out what a combination those companies would have made if the merger announced a year ago hadn't fallen apart.
SAP UPDATES BUSINESS BYDESIGN
- Thursday, 12 December 2013
- News and Analysis
- Written by mark
The fact that SAP enhanced Business ByDesign probably won't quiet those who say the product is dead. But it certainly has a lot of new features for a product whose future has been questioned. The additions include in-memory capabilities, meaning availability on the SAP Hana Platform. The company also announced what it called enhanced pricing flexibility that include expanded competitive pricing mechanisms.
CEO RETIRING FROM INTERDYN ARTIS
- Thursday, 12 December 2013
- News and Analysis
- Written by mark
Gary Artis, CEO of Interdyn Artis Consulting, is retiring from day-to-day operations at his Charlotte, N.C.-based reselling firm. His wife, Linda, is also stepping down from the firm, where she has worked as solutions manager since 1993. Artis says he will remain as chairman on the company's board of directors and will also be involved with the Interdyn consortium, many of whose members made their marks as Dynamics resellers. Saying it is a good time to pull back, Artis noted "We are celebrating our 25th year in business in 2014."
SWK TOUTS MAPADOC SALES
- Thursday, 12 December 2013
- News and Analysis
- Written by mark
SilverSun Technologies, parent of Sage reseller SWK Technologies, has been tooting the horn of its only money-generating operation. This week, SilverSun said that SWK has sold 60 new licenses for its Mapacdoc EDI packages so far this year, already ahead of the number sold in 2013. The parent says in the past three weeks SWK has sold five new licenses valued at more than $170,000. This is the second press release this month about significant sales at SWK. The prior one said SWK had a sale of Sage ERP X3 valued at more than $1.1 million for software and services. Considering that on December 31 last year, the parent had just over $4,000 in cash – and there was a lot of speculation based on that – and a deal to merge with ISM and then one to buy Vicor Business Services both fell apart, you'd have to say the year has been pretty remarkable for SWK CEO Jeff Roth and his staff. Mapadoc, which integrates with Sage 100, 500 and X3, is designed to reduce document mapping time during the EDI process.
GEM ACCOUNTS LAUNCHES SOFTWARE
- Thursday, 12 December 2013
- News and Analysis
- Written by mark
Australian vendor Gem Accounts, which recently entered the American market, has launched two new versions of its accounting software. These include what is described as a full-featured free version "for the micro and small business sector." Gem says it had previously targeted only larger enterprises that had outgrown other cloud-based systems. Besides the Free version, Gem Accounts also offers SME and Midmarket-Enterprises versions.
SOLARSOFT SALES BOOST EPICOR RESULTS
- Wednesday, 11 December 2013
- News and Analysis
- Written by mark
The story for Epicor Software's fiscal 2013 was the contribution by SolarSoft, which was acquired in October 2012. Epicor ended its year on September 30 with a 3.3-percent increase in its loss and a 10-percent rise in revenue from the prior year, driven primarily by the former company's software. Meanwhile, Epicor's bottom line continued to be hampered by interest expense, which hit $93.7 million for fiscal 2013, compared to $90.5 million for 2012. The net loss was $40.4 million for 2013, up from $39.1 million the prior year The company' revenue hit $961.7 million for the most recently ended, up from $855.5 million the prior year with $77.4 percent of the 2013 total from SolarSoft products. ERP revenue, the company's largest segment, rose to $598.5 million, a hike of 15 percent from 2012's $515.2 million. This week's earnings conference call was more noted by wasn't said and who didn't say it as new CEO Joseph Cowan let CFO Kathy Crusco do most of the talking. Cowan, who replaced Pervez Qureshi in the top job on October 4, largely discussed meeting different teams and getting to know Epicor. Cowan emphasized that he was brought in to accelerate growth and the company has been performing well. There was general discussion of making a bigger international effort and moving into verticals adjacent to the existing Epicor markets. In one sentence, Cowan briefly noted the next-generation ERP product. "We've got Epicor 10," he said and then talked about driving products in general into the company's channels. The successor to a highly successful Epicor 9, the next generation has been expected. but this is the first public mention by a company executive. However, Cowan let go only those five words.
INFOR PREVIEWS 2Q GROWTH
- Tuesday, 10 December 2013
- News and Analysis
- Written by PMG Admin
Pro forma software license growth for the second quarter ended November 30 is expected to be 8 percent to 9 percent greater than last year, Infor said this week. The software company made the statement in an SEC filing, reporting that CEO Charles Phillips had issued the guidance in a conference call with banks and financial institutions that are existing or potential lenders. Phillips also said GAAP license revenue for the most recently end period is expected to be 11 percent to 12 percent higher than a year earlier.
RANDOM THOUGHTS: KIM AND KANYE
- Friday, 06 December 2013
- News and Analysis
- Written by mark
There was a lot of wind for Macy's Thanksgiving Day Parade, but fortunately not too much so the crowd was able to see the always-poplar balloons. The Kim Kardashian/Kanye West balloon still flew, but many members of the crowd had to be treated for acute disgust. Speaking of Kim and Kanye, if you've seen their recent video, there hasn't be such dangerous action recorded on a bike since "Easy Rider."
EXACT INTROS PROJECT APP
- Friday, 06 December 2013
- News and Analysis
- Written by PMG Admin
Exact Online Project Management has been introduced in the Netherlands. And while there's no word on a possible debut in the United States, Exact says the product will hit Belgium and the United Kingdom in the first quarter and Germany, the second quarter of 2014. Exact Online made its official entrance into this country in November, although a limited release version was available during the summer.
ACUMATICA TOUTS VAR SIGNINGS
- Friday, 06 December 2013
- News and Analysis
- Written by mark
Cloud vendor Acumatica says it has signed 50 resellers worldwide since August. The emphasis should be on worldwide since there are only a handful of VARs from the United States in the new crop and the biggest one in the bunch, SWK Technologies, was previously announced. Among the other American enlistees announced this week is Business Computer Associates, led by Mario Rodriguez, which is based in the Miami-Fort Lauderdale, Fla., area.
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