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NET@WORK ACQUIRES DRESSER

NET@WORK ACQUIRES DRESSER

Continuing to grow its business segments outside of financial software, Net@Work has acquired Dresser & Associates. Dresser, based in Scarborough, Maine, has been a frequent member of the Sage President's...

Latest News

Zach Nelson, NetSuiteResults for NetSuite's first quarter ended March 31 apparently put CEO Zach Nelson in a good mood. It was so good, he barely trashed the competition. He passed on SAP's announcement of its first-quarter results this week and was very kind in mentioning a win at a major H-P division a company that uses SAP. Whatever the reason, revenue rose to $164.8 million for the most recently ended period, an increase of 34 percent from slightly less than $123 million a year earlier. The loss of $22.7 million was only $480,000 higher than in last year's corresponding quarter. On a GAAP basis, the company lost 14 cents for every dollar of revenue, down from 18 cents. Non-GAAP net income was $9 million, more than double $4.4 million a year earlier.

Category: News and Analysis
Created on Friday, 24 April 2015 17:28
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Hans Henrik Thrane, ColumbusThe January acquisition of Interdyn BMI lifted results for Danish reseller Columbus for the first half ended March 31. The purchase of the Minneapolis, Minn.-based Dynamics VAR boosted Columbus' consulting business worldwide and had a significant impact on its operations in the United States. Worldwide, revenue rose 16 percent to about $35 million. EBIDTA for the most recently ended year was about $2 million, an increase of 9 percent over the year earlier half. Two months of BMI results were included, but by itself that boosted U.S. revenue by 88 percent over the prior year.

Category: News and Analysis
Created on Friday, 24 April 2015 15:51
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Douglas Jeffries, XeroXero grew fast and spent faster for the year ended March 31. The company said its subscription revenue was up for 81 percent for the year just ended. But the loss for the cloud accounting software company rose by 96 percent and increased from 56 percent of operating revenue for fiscal 2015, compared to 51 percent for 2014. Revenue for the recently ended year hit about $81.5 million while its loss rose to roughly $54 million. New Zealand-based Xero said it ended 2015 with 475,000 paying customers, 67 percent higher than a year earlier.

Category: News and Analysis
Created on Friday, 24 April 2015 04:59
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Tim MacCarrick, Qlik Technology The channel for analytics specialist Qlik Technology chipped in 65 percent of license and first-year maintenance revenue for the first quarter ended March 31. The company said during this week's earnings webcast that was up from 57 percent of the same segments a year ago. This is more from systems integrators than resellers, judging from the comments, and the total was affected by a multimillion dollar sale. Overall, Qlik reported a net loss of $30.3 million for the most recently ended period, compared to red ink of $25.9 million in last year's corresponding quarter.

Category: News and Analysis
Created on Friday, 24 April 2015 04:23
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Mehrdad Talaifar, Avalara Avalara has named Mehrdad Talaifar as VP of its EMEA operations. Talaifar, based in London, England, is another link in the sales and use tax company's plans for global expansion. Well, they have to spend that $100-million investment somewhere, don't they? Talaifar has strong credentials in the indirect tax area. He was principal of global tax technology services for Ryan from August 2013 until last month. Before that, he was senior director of strategic relations for EMEA for Thomson Reuters from January 2011 through August 2013.

Category: News and Analysis
Created on Thursday, 23 April 2015 23:51
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BSI Special Reports

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BSI 2015 VAR STARS

BSI 2015 VAR STARS

The selection of mid-market accounting software resellers for Bob Scott’s VAR Stars rests on one basic principle: quality, not revenue, as the deciding factor in picking the 100 businesses that...

BSI: 2015 Top 100 VARS

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This was somewhat the year of the cloud when it comes to the 2014 VAR Stars. A majority of them carry cloud products, a bare majority. But for those selected...

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For this year's VAR Stars, the issue of keeping up with vertical demand while grappling with how quickly to move into the cloud - or how much demand there is...

News and Analysis

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NET@WORK ACQUIRES DRESSER

NET@WORK ACQUIRES DRESSER

Continuing to grow its business segments outside of financial software, Net@Work has acquired Dresser & Associates. Dresser, based in Scarborough, Maine, has been a frequent member of the Sage President's...

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Executives of Edgewater Technology, which owns the Fullscope reselling business, said this week they were happy with the results for the first quarter ended March 31. The loss was down...

WIPFLI BUYS BRITTENFORD

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Accounting firm Wipfli has acquired Reston, Va.-based Brittenford Systems. As with the recently announced purchase of BCG & Co.—including its BCG reselling and consulting operations—by Sikich, we have an accounting...

WILSON SCHOLARSHIP STARTED

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INTACCT'S SILVER JOINS MICROSOFT

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New Products

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GOLDMINE CLOUD DOES QUICKBOOKS

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CRM software vendor GoldMine says its GoldMine Cloud application now integrates with QuickBooks. Third-party developer W-Systems of Ramsey, N.J., developed the real-time bi-directional integration. W-Systems also developed wMobile, a mobile...

UNIT4 RELEASES CLOUD ERP

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ABILA ADDS BENEFIT ENROLLMENT

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SAGE PAYMENT CENTER LAUNCHED

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ACCUFUND LINKS TO DOCUMENT APP

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Nonprofit software company AccuFund has agreed to integrate the RVI Document Imaging System with the AccuFund Accounting Suite. Under a partnership between AccuFund and Real Vision Software, customers will have...

Random Thoughts

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RANDOM THOUGHTS: DON RICKLES

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I figured out how the dispute between GOP presidential contenders Donald Trump and Ted Cruz got started. Cruz was trying to tell an old joke with Trump in earshot. "Take...

RANDOM THOUGHTS: MURDOCH's EX

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Reading the debate over Kim Kardashian and another actress tweeting a topless picture of themselves, I have to give Kim credit for knowing how to stay in the public eye...

RANDOM THOUGHTS:  SPANISH INQUISITION

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I can finally say I’m hip. I had a dish with quinoa in it last week. Now, if I were just to start watching Downton Abbey. ... Was on the...

RANDOM THOUGHTS: PEE-WEE HERMAN

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A study found that fish in Puget Sound are full of drugs such as cocaine and antidepressants. That explains why my depression cleared up after a recent fish dinner in...

RANDOM THOUGHTS: MOST INTERESTING MAN

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Someone sent me a chart to show relationships, including cousins and showing what it means to be a cousin once removed, twice removed and so forth. I had a cousin...

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