News and Analysis

News and Analysis (15657)

NETSUITE PICKS INVESTMENT OVER MARGIN

Ron Gill, NetSuiteNetSuite is willing to sacrifice improvement in its operating margins in 2013 in order to invest in promising areas. That message was delivered this week by the company's CFO Ron Gill at the Credit Suisse 2012 Technology Conference. Read more...

ISM, SWK PARENT SUSPEND TALKS

Jeff Roth, SWK TechnologiesInformation Systems Management and SilverSun Technologies, parent to SWK Technologies, have suspended merger talks. The merger of the two resellers would have created one of the largest Sage VARs. However, the parties said there were too many hurdles to meet a target closing date of January 1.

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ACUMATICA LAUNCHES IN MEXICO

Acumatica logoSaaS vendor Acumatica has launched its accounting application in Mexico. Federico Porras, the Acumatica country manager, said that "Acumatica came to Mexico to revolutionize the ERP market ...", which sounds like a modest-enough goal.

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SILVERSUN REVS JUMP ON HIGHTOWER BIZ

SWK LogoRevenue from the operations of the former Hightower helped SilverSun Technologies, parent to Sage reseller SWK Technologies, more than double its product revenue for the third quarter ended September 30 and to increase the top line by 46.2 percent. Product revenue for the most recently ended period was $851,656, compared to $356,909 a year earlier. Read more...

XERO LOSS GROWS ON SALES SURGE

Rod Drury, CEOCloud accounting software vendor Xero has reported that its net loss for the six months ended September 30 grew by 89 percent. But revenue for the same period was up 119 percent and its customer base rose by 115 percent. The still small New Zealand company lost about $5.7 million on roughly $14.1 million in revenue in the first half of fiscal 2013. Read more...

THANKSGIVING WEEK; NO NEWSLETTER

turkey artThere will be no newsletter on Friday, November 23 to enable readers to recover from turkey and football or to indulge in shopping. Newsletter publication will resume on Friday, November 30. However, news will continue to be posted to www.bobscottsinsights.com as merited. Read more...

WAVE LAUNCHES PAYROLL

Wave logoWave, which markets online accounting applications, has introduced Wave Payroll. The Canadian company is bringing the cloud-based application to market in the United States. Wave says that sign up is free and the cost will be $5 per month or less for customers that are described as "very small" businesses, those with 10 or fewer employees. The pricing model is different than for Wave Accounting, which is free and is supported by advertisers.

 


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INFOR CEO SPEAKS AT VAR'S CONFAB

Charles Phillips, InforNothing says that you are important more than having someone at the top of the organization give you some of their time. In 2011, shortly after the September 11 attack, Richard Harrington, then CEO of Thomson showed up at the Manhattan headquarters of the company's accounting publications and talked to our small group of journalists. Read more...

BLACKBAUD UPDATES FINANCIAL EDGE

Blackbaud logoBlackbaud Strategic Benchmarking has been made available as a subscription offering. The nonprofit software company said the tool enables organizations to compare financial performances to their peers. That information was released as part of a broad product update from the Charleston, S.C.-based company.

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INTUIT’S QB ONLINE BOOMS

Brad Smith, IntuitIntuit’s switch to online products was in full force for the first quarter ended October 30. The number of QuickBooks Online units sold rose to 399,000, an increase of 29.1 percent over 309,000 a year earlier.

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