News and Analysis

News and Analysis (15623)

SAGE 3Q GROWTH 6.5 PERCENT

Stephen Hare, IntacctSage's organic revenue growth was 6.5 percent for the third quarter ended June 30. That was part of the trading update for the quarter issued this week and generally drowned out by the company's announced purchase of Intacct.

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VERTEX CHANGES SMB LINE NAME

David Henkin, VertexVertex has announced what it says is a signification expansion of the capabilities and reach of its cloud platform. The King of Prussia, Pa.-based vendor has also renamed its Vertex SMB line as the Vertex Cloud and apparently changed titles of personnel who have been involved with the SMB unit.

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INTACCT, SAGE: AN URGENT DEAL

 Stephen Kelly, SageUntil this week, the question seemed to be who would run out of runway first, Sage or Intacct. Sage needed to fill a gap between Sage Live and X-3; Intacct, a lot more revenue. Sage CEO Stephen Kelly said during this week's third-quarter trading update the parties had been talking for a year, reporting Sage convinced Intacct not to go public.

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DIRECTIONS AIMS TO BE SMB SHOW

Kathleen Turner-Lawrence, Western Computer  Directions, which has been the Dynamics NAV conference for years, is striving to be the Dynamics SMB channel show. The new goal comes as Microsoft has clearly recognized that the Dynamics partners generally don't fit Inspire (formerly the Worldwide Partner Conference.

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APTOS BUYING TXT RETAIL


AptosAptos, once Epicor Software's retail application arm, has reached an agreement to acquire TXT Retail. Based in Milan, Italy, TXT retail provides end-to-end applications for the apparel, luxury, specialty and general retail sectors. Terms were not disclosed.

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SAGE TO BUY INTACCT FOR $850M

Robert Reid, IntacctThe Sage Group has agreed to buy cloud vendor Intacct for $850 million in cash. I suppose 9.6 times trailing 12-month revenue is a decent price. And this seems to be what Sage CEO Stephen Kelly was suggesting at the company's Summit conference in May when he said Sage would fill in the gap between X3 and Sage Live by acquisition.

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CERTUSI LEAVES SAGE

Connie Certusi, SageConnie Certusi, one of the last executive holdovers from Sage’s earlier days, has left the company. In a Facebook post, Certusi announced that July 14 was her last day at Sage after 21.5 years.

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INFOR ALLIES WITH ADP

Trish McFarlane,  Infor Infor has signed on to integrate ADP's services and processes with its Infor HCM in the United States. The payroll company appears to be on a campaign to offer products through HCM. In June, FinancialForce announced it is largely offloading HCM functions to ADP and Infor noted that alliance, along with ADP's integration with Oracle, Workday and SAP.

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DYNAMICS, CLOUD REVS UP 7 PERCENT

Amy Hood, MicrosoftMicrosoft has reshaped its categories for revenue for the year ended June 30. As it reported results for fiscal 2017, the software said "Dynamics products and cloud services revenue" increase 7 percent, 9 percent in constant currency. That's a bit different than saying Dynamics revenue rose that much isn't it?

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THE NEW TECHNOLOGIES: A REAL RUSH?

Franck Cohen, SAPTechnology changes usually proceed at a rate far slower than expected by those of us who spend a lot of time living with them. It took the tax and accounting market years to adopt Windows and it has been slow to move to the cloud.

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