News and Analysis (15713)
SERENIC'S LOSS GROWS 13.8 PERCENT
- Wednesday, 30 October 2013
- News and Analysis
- Written by mark
Despite new product introductions and new alliances, nonprofit vendor Serenic saw its loss increase by 13.8 percent on a 5.2-percent increase in revenue for the second quarter ended August 31. The loss for the most recently ended quarter was $188,728, up from $165,900 in red ink a year earlier. Second-quarter revenue was just under $3 million, up from $2.8 million. All figures are in Canadian dollars.
DEL GOBBO GEM'S NORTH AMERICA PREZ
- Tuesday, 29 October 2013
- News and Analysis
- Written by mark
Gem Accounts has named industry veteran, Ken Del Gobbo, as president of North American operations. Based in Australia, Gem recently moved into the United States with its midmarket financial software. Del Gobbo was most recently director of channel sales and senior director of channel recruitment for cloud vendor Acumatica. Based in Australia, Gem recently moved into the United States with its midmarket financial software.
MICROSOFT BURIES DYNAMICS NUMBERS
- Friday, 25 October 2013
- News and Analysis
- Written by mark
Microsoft has rearranged its financial reporting. And with that switch, the little we have learned about Dynamics sales has disappeared with the first quarter ended September 30. For several years, Microsoft has given the percent change in Dynamics revenue. But even that has been taken away as the software giant lumped revenue in two major categories – consumer and devices, and commercial revenue.
NETSUITE NABS MORE RESELLERS
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
NetSuite has picked up some notable resellers from the competition. And among the most important names this week is the TM Group, a Detroit-area VAR, because of its long tenure with Dynamics GP. Owned by Judy Thomas, the reseller had the longest streak of any member of the channel in being named to the Dynamics Presidents' Club. Also coming on board is the Corporate Renaissance Group, whose head office is in Ottawa, Ontario. CRG handles Dynamics GP and CRM. Then there is Accretive Solutions, based in Lawrenceville, Ga., which handles some less standard stuff with partnerships with Xerox for the Xerox Cloud, Tri-Net for HR and Good Data for cloud-based BI. The ADN Corp., a Spanish-speaking company that carries the broad range of NetSuite products, does not show its location on its website. And finally there is Sabre Solutions in the San Diego, Calif., area, which markets Sage 100, 500 and JobOps. The TM Group had once been a Dynamics loyalist - it picked up Great Plains in 1985 and sells Dynamics GP, NAV, SL and CRM. But it had also picked up Sage X-3 as part of its non-Microsoft product line up.
SAP POSTS STRONG EARNINGS
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
SAP continued to push its image of being the irresistible force in software for the third quarter ended September 30. There is to least some truth about that as after-tax profit was up 23 percent over last year's corresponding quarter. But revenue growth was more modest. After-tax profit was about $762 million. Revenue hit about $5.58 billion, up 2 percent from last year's corresponding period and an increase of 9 percent in constant currencies. Those were the IFRS numbers. SAP pushed the non-IFRS numbers which showed software and cloud subscription revenue as being up 13 percent just as rival NetSuite pushes its non-GAAP earnings, but not its GAAP loss. Co-CEO Bill McDermott stressed the fact that growth was up in all geographies in all product lines. McDermott says the company's Hana in-memory products is the industry standard in in-memory and grew at 90 percent over the prior year. As important as the numbers during this week's webcast was SAP's announcement that Hana is a platform for all its applications with McDermott terming Hana "the best platform on earth." Co-CEO Jim Hagemann Snabe reported that the company had 17-percent growth in software and subscription cloud in the Americas. Separating out cloud and software products yields no surprise. In terms of IFRS, software revenue was off 5 percent but cloud subscriptions and support revenue was up 230 percent.
NETSUITE TO KEEP SPENDING BIG
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
"Friends, Romans, countrymen; I come not to bury SAP." Okay, NetSuite CEO Zach Nelson actually said "I am not doing this to dance on the grave of SAP Business ByDesign" in this week's third quarter earnings webcast. But let's get to the numbers. The cloud company continued on its course of double-digit revenue combined with a reduction in the net loss for the third quarter ended September 30 along with an increase in non-GAAP earnings.
ACCEL-KKR INVESTS IN ON CENTER
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
Accel-KKR has made an investment of undisclosed size in On Center Software, which markets software for the construction industry. Rob Palumbo, managing director at Accel-KKR, said his firm believes "there is substantial opportunity for expansion in software and services in the construction industry." It's a continuation of a trend by the investment firm to put its money in specialized software companies, many connecting with financial applications. Earlier this year, it acquired the former Sage NonProfit Solutions, and created the company now known as Abila, and it invested in SwiftPage to finance that company's acquisition of Act and SalesLogix from Sage. It also purchased a majority interest in supply chain software company Accellos in October 2012. Based in The Woodlands, Texas, On Center markets estimating and project management software and has been in business since 1998. On Center integrates with a number of packages including Sage 300, the former Timberline Office. It also links with Cert-In Software Systems, Roger Shaw & Associates, and Prime Estimating Software and Services. Sage's construction and real estate folks have shown confidence Sage will keeps its applications in this area. But you'd have to think Accel-KKR has made or will make a bid.
ABILA KEEPS THREE AVECTRA EXECS
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
Nonprofit software vendor Abila has added three members of its executive team. It might be a little newsier if they had come from outside the company, but all had held executive positions at Avectra, which Abila acquired in August, and two of them had the same title at the former employer. The three are Russ Odom as SVP and general manager of netForum Enterprise, Craig Dellorso as its chief customer officer and Jay Love as senior vice president. Abila was formed this year after its backer, Accel-KKR, acquired the former Sage Nonprofit Solutions. Both Odom and Dellorso will be working with netForum, acquired when Abila purchased Avectra. Dellorso had been with Avectra since January 2006 and had held the same title he now has with Abila since February 2012. Odom was Avectra's CFO from 2008 until August. Love had the same title with Avectra since August 2012, is also founder, and currently CEO of Bloomerang, a position he has held since September 2012. Odom's retention is the biggest news since CFOs at acquired companies can be awfully expendable.
TO-INCREASE GOT TRIBRIDGE MARKETER
- Thursday, 24 October 2013
- News and Analysis
- Written by mark
Bill Anderson, who had been the director of marketing for Tribridge, left the Tampa, Fla.-based company in the spring. Anderson moved to To-Increase as global marketing director in March, but this is one of those moves that did not get widely known. (Meaning To-Increase did not issue a press release.) Before joining Tribridge in February 2009, Anderson was VP of marketing for the former ePartners. EPartners was then purchased by Tribridge in December 2011. To-Increase, based in the Netherlands, is the software arm of Danish Dynamics VAR Columbus and develops applications on top of Dynamics AX and NAV and was acquired by Columbus in 2006. Anderson's resume has some real highlights since during his tenure Tribridge was Microsoft's Worldwide Dynamics Partner of the Year in 2008, 2010 and 2012. Anderson came to ePartners via its purchase of the former Progressive Business Solutions in 2001, where he had run marketing since 1995.
NETSUITE OFFERS BYD MIGRATION
- Wednesday, 23 October 2013
- News and Analysis
- Written by mark
SAP may be saying the Business ByDesign is not dead. But rival NetSuite is telling the world that the online program is going the way of the dinosaurs. On its home page, NetSuite has posted what it is calling "SAP Business DyDesign Sunset Migration Program" replete with an art element that represents lovely, glowing sunset.
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