Gravity Software, headed by veteran reseller John Silvani, has launched its web-based accounting software. The application is targeted at a treacherous part of the market, the gap between QuickBooks and Dynamics GP. Silvani was formerly the owner of First Tech Direct, which he sold to Danish reseller Columbus in 2012. Written on Dynamics CRM, Gravity's cloud product is out the door with GL, AR, and AP. Inventory is expected to be released in the fall. The company is creating a channel in which it intends to enlist accountants, but as agents, not as resellers.
Blackbaud CEO Mike Gianoni earned $4.8 million in 2014 as the executive completed his first full year with the Charleston-S.C.-based nonprofit software vendor. The biggest portion of Gianoni's compensation came via a stock award valued at $2.6 million. Gianoni, hired in November 2013, also received a bonus of $864,277 to offset a lost bonus and equity at his prior job and to assist with relocation. CFO Tony Boor was paid $1.33 million last year, down from $1.35 million in 2013.
If people have wondered what the NetSuite board thinks of the company's growth strategy, all they have do is read the annual proxy. I think we can say executives will be in a good mood when the cloud company's SuiteWorld conference convenes next week in San Jose, Calif. Named executives saw compensation for 2014 skyrocket as the company rewarded them with stock awards that more than double their totals. CEO Zach Nelson received $31.6 million in compensation last year, up from $12.5 million in 2013 with a stock award of $28.3 million providing the push in the most recently completed year.
SugarCRM has named its 2105 Global Partner Awards winners with Chandler, Ariz.-based Levementum selected as North American Partner of the Year. The global partner prize went to Squiz, based in Sydney, Australia. Squiz also has offices in New Zealand, Poland, the United Kingdom and the United States. Honored for outstanding regional revenue growth was Sioux Falls, S.D.-based DataSync. Early in April, DataSync, headed by Craig Anderson, said it had placed a $1.05 million round of private equity funding.
Sage has launched a new CRM channel program. And you won't have details unless you read French and translation software does not make everything clear. But the fact that Sage has launched a channel anywhere should interest those U.S VARs who have concluded Sage is not channel friendly. We will ask if anywhere else is on slate other than France. The limited translation I got suggests the program is designed for obvious purposes—supporting customer needs and increasing partners something or another as the translation software did not generate a meaningful phrase and "to accelerate the sale and integration of cloud".