News and Analysis

News and Analysis (15713)

BLACKBAUD CEO PAY MORE THAN DOUBLES

Marc ChardonMarc E. Chardon, Blackbaud’s CEO, had a good 2010 as his pay hit $4.55 million on a big option award for the year. Option awards of $2.77 million for the year just ended compared to $418,907 in that category in 2009 and propelled him well past the $2.04 million in total compensation that year. Read more...

AVALARA RAISES $10M

Avalara logoAvalara has raised another $10 million in venture funding with another $11 million remaining to be sold in an offering, according to documents filed with the SEC. The Form D shows that the sales-and-use tax software company does not plan to use any of the funds for merger or acquisition. It sold $600,000 last fall, $4.9 million in May and $5 million in January. Shares remaining to be sold won't necessary be acquired by investors.

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ROSS SYSTEMS APPEALS BOND

Ross Systems has asked for reduction in the $77-million bond required to cover a $61.3 million awarded to Sunshine Mills, a company in Franklin County Ala. Sunshine had filed suit in 2005 alleging fraud in the sale and implementing of Ross’s software. Under Alabama law, Ross had to post the bond while it appeals the verdict to the state’s supreme court and its recent filing was the last step available for reducing the bond during the appeal period. Read more...

EXACT REVENUE FALLS

Exact logoExact reported that revenue for the first quarter ended March 31 fell to about $75.4 million, down about 1.7 percent from last year’s corresponding period when the change is measured in euros. The company reported, however, that on a like-for-like basis revenue rose by 3.3 percent. I had to look up the term – which is the same concept as same-store sales in retail – and since there wasn’t much in acquisition activity overall, it’s probably a pretty good metric. Read more...

SAP: BYD UP TO 400 CUSTOMERS

Bill McDermottSAP says 400 customers are now using its Business ByDesign application, up from 250 at the end of 2010. The company made that statement as part of the recent earnings webcast for the first quarter ended March 31. CO-CEO Jim Hagemann-Snabe also said that one third of the new sites have been sold by the channel, which now has 150 members. He added the company sees progress in selling ByD to subsidiaries of large companies and that the indirect channel is expanding more rapidly than the direct channel. Read more...

KASEYA TO BUY INTELLIPOOL

Kaseya plans to acquire Intellipool, a network performance monitoring company, based in Harnosand, Sweden. Both companies are privately held and terms were not disclosed. Kaseya said it would integrate Interpool  into the Kaseya framework this month and would integrate the next  general of the Interpool product by the end of the year. Read more...

XERO UPS U.S. PRESENCE

Xero, a New Zealand company, has taken steps to increase its visibility in the United States. The company, which makes online small business accounting software, said at a March investors day that it was relocating its chief technology officer, Craig Walker, to this country and that a “Xero beachhead” was being established in San Francisco. It also said there would be a strategic update this month. Read more...

CHANNEL BOOMS FOR NETSUITE

NetSuite

Zach NelsonChannel sales have grown significantly over the last two years, NetSuite executives said in yesterday’s earnings call for the first quarter ended March 31. Channel bookings have grown from 23 percent of total bookings in 2009 to 32 percent in 2010 to 40 percent in the first quarter. That information was released as the company reported a 13-percent  increase in its loss on a 20.7 percent increase in revenue compared to the first quarter of 2010.

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BLOG: SAGE NEGLECTS CRM?

Sage LogoA blog posting by author Leon Tribe followed up on a post by another writer claiming that Sage had neglected the development of Act and SalesLogix since acquiring those products with the purchase of Interact Commerce in 2001. The blog was posted on the Microsoft Dynamics Community website this month. Sage’s response was not to comment directly on the claims, but to state that the information was incomplete and misleading. Read more...

COLUMBUS IT NAMES CEO

Columbus It Partner the Dynamics reseller and software developer, has named Thomas Honore as of May 1. Honore was most recently VP and CEO of Oracle Denmark and had worked for that company since 2005. He replaces Claus E. Hansen, who held the post for four years. The company has made a lot of changes over the last few years and it didn’t hit me, until interviewing retail specialist AlfaPeople this month that Columbus IT had pulled out of reselling in several markets. AlfaPeople, which just entered the AX, had acquired the VAR operations in Germany, Latin America and other countries.

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