Blackbaud saw net income drop to slightly more than $7 million for the second quarter ended June 30, down 24.1 percent from $9.3 million in last year's corresponding period. The company this week reported revenue of $157.3 million for the most recently ended quarter, up 12.1 percent from $139.4 million a year ago. Cutting into the bottom line were operating expenses of $68.4 million, which represent an increase of $16.5 million, an increase of 24.1 percent year-to-year. Subscription income continued its upward trend.
Sage is moving major financial software products to the cloud. The SaaS version of X3 was made available this week, coinciding with the Sage Summit Conference. It is scheduled to be introduced into the United Kingdom during the summer and globally this year and next. Sage 100c and 300c are scheduled to hit the market in October. The new X3 can be deployed both in the cloud and on local services "or in an environment hosted by Sage certified partners—all with identical functionality and universal web and mobile access to their business management resources," according to the official press release.
Roper Technologies has acquired OnCenter Software. OnCenter was at least partially owned by Accel-KKR, which made an investment of unknown size in October 2013. OnCenter, in business since 1998, markets estimating and project management software. It integrates with a number of packages including Sage 300 Construction and Real Estate. It also links with Cert-In Software Systems, Roger Shaw & Associates, and Prime Estimating Software and Services.
Net@Work has purchased St. Louis, Mo.-based Axis Integrated Solutions, a Sage 300 and SageCRM reseller. Axis CEO and founder Kelly Hummel has been named Sage 300 practice director for New York-based Net@Work. With the addition of the Axis sites, Net@Work has 16 locations. Axis, founded in 2005, sold both Sage 100 and 300 and Intacct financial products. Intacct will be dropped from the line up. Net@Work handles Sage 100/300/500 and X3 and NetSuite. It also handles Dynamics CRM, Infor CRM and Salesforce.