CEO Charles Phillips received $3.2 million for Infor's year ended April 30. The company's SEC filings show that was down sharply from $4.8 million the prior year. In fiscal 2015, he received a discretionary bonus of $2.4 million that was related to operating performance and debt refinancing transactions during the year. His salary dropped to $733,334 for the most recently ended year, down from $800,000 for fiscal 2014. However, it appears salaries were cut for all executives, except for former CFO Nicole Anasenes, who recently departed. I am assuming this reflected a move to base compensation more heavily on performance by the privately held company (However, it reports publicly.)
Sage says there will be no decision on the tenure of Jodi Uecker-Rust, who returned to Sage North America as interim president on June 8. Uecker-Rust served as president of Sage Business Solutions from Feb. 9, 2009 until early October 2010 and left with the arrive of Pascal Houillon as CEO. With the naming of Steve Kelly as CEO in October 2014, she was brought back. The official word is that no decision will be reached until the next fiscal year, which begins on October 1.
CPA firm Wipfli says it has become the first U.S. channel organization to use Microsoft Dynamics for business process outsourcing in the United States. The Wipfli press release says that the BPO Platform was already offered in Europe. The firm says it has provided outsourced accounting services for decades—presumably via QuickBooks which is shown on its Top 100 VARS submission. The organization says it now will offer these and more services to mid-sized clients via the Dynamics platform.
Accounting firm Sikich has acquired Altico Advisors, a midmarket reseller based in Marlborough, Mass. With $45 million in revenue, Naperville, Ill.-based Sikich was No. 9 on Bob Scott's Insights Top 100 VARs for 2015. Altico was No. 59 with $7.9 million in revenue. The acquired firm carried Dynamics GP and CRM and NetSuite Sikich carries those and Dynamics AX, NAV and SP. Altico was founded in February 2005 by CEO Michael Kean, who had been a director at the former Tectura.
The stronger American dollar took a $19.9-million toll on the revenue of business analytics vendor Qlik Technologies for the second quarter ended June 30. The company lost slightly more than $13 million for the most recently ended period, a rise from a loss of $10.2 million a year earlier. Revenue reached $145.8 million, up 10.8 percent from $131.6 million in last year's corresponding period, an increase of 26 percent in constant currencies. The impact stemmed from the fact that 68 percent of Qlik's revenue is dominated in foreign currency.