Sovos, which markets indirect tax products, says it has received an investment from European-based private equity firm, HG Capital. The investing firm described its action as buying a majority stake in Sovos, taking over that role from Vista Equity Partners, which will retain what was described as "a significant minority stake in Sovos." The actual size of the investment was not disclosed.
Acumatica has named nine individuals as Most Valuable Professionals. These were chosen from partners such as resellers and the ISV community and were the most outstanding contributors to the Acumatica community and its products. The MVPs include Jeff Roth, CEO of SWK Technologies; Patricia Bennett, CEO of PC Bennett and Rahul Gedupudi, a member of PC Bennett's Board; Joe Satlin, director of product innovation at Jamis Software; Joel Gress, managing consultant of Dynamic Tech Services.
Avalara's Compliance Cloud system has been embedded in Shopify Plus. It is a relationship that the sales and use tax company hopes will become a model for ecommerce. Shopify wrote the integration for the cloud application so that Avalara will automatically calculate tax for each invoice line item in real time in the Shopify Plus shopping cart. "Anybody that becomes a Shopify customer becomes an Avalara customer," says Marshall Kushniruk, Avalara's EVP of global business development.
I told a friend I was going to take some pictures of raptors. He said, "Oh, I love the old guys like Tupac." ... The Republican presidential debates have been interesting in that depending on polling numbers, a candidate can be dis-invited to the next event. I was thinking that it would be more fun to use the system of the game show "Russian Roulette", in which the contestants stand in a circle on a game platform.
Good-bye, Convergence; hello, Envision. And this week, after a bunch of people have probably already set plans for attending the Dynamics Convergence conference in New Orleans, La., Microsoft announced it will be holding a more general business show called Envision. Microsoft had said last year it would change the Convergence format and there had already been talk among ISVs that they would stop attending or significantly cut back on booth space. That will probably go for much of the channel that has attended for years.