Deltek is being acquired from investment firm Thoma Bravo by Roper Technologies in a $2.8-billion deal. Under the agreement announced this week, Deltek will continue to operate under its own name and current management as a separate company. Thomas Bravo acquired Deltek for $1.1 billion late in 2012.
Fresh from successful efforts to convince Carrier from relocating 1,400 jobs from Indiana to Mexico, president-elect Donald Trump is on the way to the North Pole. He hopes to persuade Santa to kill plans to replace his help with Chinese and Mexican elves. ,,, My wife and I were at a drug store and she was looking for a small packet of wipes for an upcoming trip. "I've seen them here before." "Maybe you should ask for help," I said. She walked up and down the aisle. "I can't find them. "Maybe you should ask for help," I commented. She went to the front of the store. "Maybe you should ask for help" I said. "No," she said looking at the person at the register. "She just came in." I said, "There are other people to ask. Maybe you should ask for help." This message is brought to you as a service to men everywhere. ... Recently, Kardashian half-sister Kendall Jenner officially became a Victoria's Secret model and earned the wings the scantily dressed girls are known for. Many would hope that sister, Kim, and her husband, Kanye West, would get wings and fly away. ... A friend was recently trying to cheer me up after a set back. "What would your father advise you if you fell off a horse?. "Shoot the horse," I replied. "He believed in not wasting effort." ... A woman who accidentally invited a teenager to Thanksgiving followed through by celebrating with him. It turns out he was much better company than most members of her family. .... In a remake of "The Twilight Zone" written by liberal Democrats, a New York real estate developer is elected president of the United States against all odds. Oh wait...
Moving to the cloud represents a challenge for mid-market accounting software resellers. Some make it more challenging by making the switch from marketing desktop applications to relying on subscription sales of online products very quickly. Read how successful firms are making the switch.
Sage was very happy with the results for its fiscal year ended September 30. However, the message for the future is that the United States needs a greater focus on selling to new customers. No specific plans were disclosed. But CFO Stephen Hare, in discussing the high level of support contracts in this country, noted, "This reflects the historical focus on the installed base. That was followed by Hare's comment "The U.S. team needs to drive harder on subscription including with the partner channel. They need a real focus on supporting the startup segment and this means acquiring meaningful numbers of Sage One customers." Hare described North American performance as mixed, noting that revenue was up 4 percent over 2015, 6 percent excluding payments. Revenue for North America was about $676 million, while recurring revenue rose 9 percent to about $388 million. Sage singled out the Construction and Real Estate business on this continent, which added 1,000 customers in 2016, a record, and representing 7 percent growth. Recurring revenue growth here was up 9 percent with an 84-percent increase in subscription sales with triple-digit subscription growth for Sage 50 in the U.S. and Canada. Worldwide revenue reached almost $2 billion, an increase of 6.1 percent from the prior year. Earnings were about $260 million, 6.7 percent higher than in the prior year.
Partners received a great deal of attention this week as Oracle laid out its plans to integrate the recently acquired NetSuite. "We will have a lot more partners to work with this around the globe," says Jim McGeever, who will be running NetSuite, reporting to Oracle CEO Marc Hurd. "We will have people on the ground to help with roll outs." It's no surprise that NetSuite CEO Zach Nelson will not be in day-to-day operations. Hurd said in a webcast that Nelson will be a company evangelist, but provided few details. There was also an emphasis on upgrading channel skills. Many calls coming into support are partner implementations, executives said. There will probably be certifications for specific staff within partner organizations on specific skills. The presenters, including NetSuite founder Evan Goldberg, placed heavy emphasis on the interaction between the software from the two companies. Steve Miranda, Oracle's SVP of applications development, said NetSuite customers will have access to all data collection and machine learning. He said via Platform and a Service and Infrastructure as a Service, NetSuite customers receive access to all Java-built and Oracle-built applications and Oracle will be able to easily extend its EPM functionality into NetSuite. The company will also be able to share designs across NetSuite and traditional Oracle applications.