Sage One Extra, the next level of Sage’s online accounting software system, is expected to be introduced in the United States this year. Connie Certusi, EVP of Sage’s Small Business Solutions Group described Extra as a ‘more robust online accounting solution built on the Sage One platform.” It will serve “maybe up to the 20-employee space,” she said at this week’s Sage Summit conference in Las Vegas, noting, of course, that use also depends on a company’s needs. It will have multi-currency features, cash analysis and accrual reporting.
Charles Phillips, the CEO of Infor, said his company turned in a solid performance for the fourth quarter and year ended May 31. But what he could also have said during this week’s earnings conference call was that it did something it hadn’t accomplished in the previous four fiscal years, which is produce net income. Earnings of $121.7 million for fiscal 2014 compared to a 2013 loss of $76.2 million. We don’t know how Infor performed before 2010 as that is the earliest year shown in the vendor’s SEC filings. The black ink came on modest revenue growth.
Trying to assess the prevailing opinions of exhibitors on a trade show floor is always tricky. The ones that are happy are far more willing to talk than those that aren’t. But my conclusion about this year’s Sage Summit is that a majority were pleased with traffic and feel that it justified higher prices for booths. “Getting people here is the important thing,” said Jeff Roth, CEO of SWK Technologies of Livingston, N.J. Roth was willing to forgo some frills that had been previously offered for higher traffic and said the traffic at his company’s booth had been very good.
Poaching VARs at a competitor's conference has become standard practice. But when Acumatica showed up this week offering free coffee at Sage Summit, events took a different turn. Reportedly, Sage presented Acumatica with a $10,000 bill since it has a non-compete clause with Mandalay Bay where the conference is being held this week. However, Acumatica's position is apparently that the coffee bar is in the "Border Grill" which leases space from Mandalay, but which is independent. Anyway, Sage personnel threatened to return with an attorney.