As I was getting out of the car at the airport my wife was advising me: "Now make sure you eat soon because who knows when you will have a decent meal, again. And you are going to be in intolerable conditions, surrounded by hostile people." "Going on a safari," a guy next to me asked. "No, I have a middle seat on a transcontinental flight."
Dynamics AX VAR Alfapeople is growing its workforce substantially in India. The retail specialist recently reported it has expanded its staff in India to 25 people and expects to double that by December 2016. Alfapeople has its India headquarters and Centre of Excellence (Retail) in Gurgaon and the firm also has a regional office and delivery center in Bangalore.
Edgewater Technology reiterated its plan to grow by acquisition as the company itself faced a hostile merger bid. That left executives on this week's third-quarter earnings webcast saying they would not answer questions about the bid from Ameri Holdings, but facing them from one analyst anyway. "We are going to do acquisitions in this space and we are increasing our channel marketing presence," CEO Shirley Singleton said during the webcast.
Blackbaud reported subscription revenue rose 12 percent for the third quarter ended September 30 as the move from license sales continues. Overall, the nonprofit software company reported net income dropped to $7.9 million for the most recently ended quarter, down 31.2 percent from $10.4 million a year earlier. However, for the same periods, non-GAAP earnings were $17.8 million, up 11.5 percent from $15.8 million.
Edgewater Technology, a Dynamics and Oracle partner, has reportedly rejected a bid from Ameri Holdings, which has begun a proxy solicitation of Edgewater's shareholders. Through Princeton, N.J.-based Ameri100, bidders are offering $8.50 share, but say Edgewater has refused to engage in discussions. Edgewater stock has a 52-week trading range of $6.21 to $8.28 per share. Ameri100 then joined with Lone Star Value Management to oust the Edgewater board. During this week's Edgewater earnings conference call, CEO Shirley Singleton said Edgewater has no comment and is reviewing the proposal.