Emergence Corp., a Dynamics reseller that had operations in Latin America, Canada, Bermuda, the Caribbean and the United States, has split into pieces. Although the company’s website still operates, some of the telephone numbers listed on the site do not work, notably the number for the Miami, Fla., site which had been center for operations in this country.

Trey Resources, the parent company of Sage reseller SWK Technologies, has gotten itself out from under a pile of debt. Two investors have loaned the company $275,000 each and that $550,000 was accepted by YA Global, which was owed about $2.2 million on three tranches of debentures. Its a continuation of a reorganization at Trey that has taken place this year to clean up its balance sheets. The investors were not identified by SEC documents, which only said that they are accredited.

A series of law suits have been filed by investors over the tender offer for Epicor Software that has been made by Apax Partners and it’s clear that these suits are common when such deals are announced. When Apax said it would spend about $2 billion to buy Epicor and ERP vendor Activant Solutions, several law firms immediately issued press releases saying they were investigating possible breaches of fiduciary duties by the Epicor board. Par for the course.

Another veteran Sage executive is leaving the company. Paul Stobart, CEO of Sage Northern Europe, is leaving on May 31. He will be replaced by Alvaro Ramirez, CEO of Sage Southern Europe who will have the CEO job for a new division covering all of Europe. Earlier this year, new Sage Group CEO Guy Berruyer, talked extremely favorably about the Spanish operations, particularly its ability to get more maintenance revenue out of customers.