When I made a quip somebody asked, "Is that the truth?" "The truth?" I responded. "The Truth? I can't handle the truth." ... Looking at the array of Starbucks flavors over the last year saw a variety I think that was named after Papua New Guinea with a moth under the name and another called Veranda that had the image of a hummingbird. "Which do you want?" a friend asked. "I'd rather have the coffee with the bird in it than the flavor with the moth in. But to tell the truth, neither sounds very appealing." More recently, there was a Sumatran flavor called "earthy and herbal?"
Infor plans to by GT Nexus, which was described as the world's largest cloud-based global commerce platform, for $675 million. Infor says the target has about 25,000 customers, including six of the top ten logistics service providers and 30 global financial institutions. Infor has acquired many companies over the years—this is the largest deal since it acquired Lawson for about $2 billion in 2011. GT Nexus had revenue of about $133.2 million in revenue for the year ended Dec. 31, 2014 and about $10 million in adjusted EBITDA. Infor expects to save about $8.7 million through cost cutting.
KeyedIn Solutions has introduced a new version of KeyedIn Projects Mobile, a companion to the company's KeyedIn Projects cloud-based software. The mobile app enables managers to access project status, drill-down into analytics to review and approve expenses. Features include the ability to photograph receipts and submit them with expense reports, select widgets to view program and project status and drill-down into project analytics.
Not much detail is available but Reckon One, the low-cost cloud product from Australia-based Reckon has been introduced into the United States. The PDF of the investor presentation for results for the company's first half ended June 30 has a simple bullet point "Reckon One launched into USA /Canada next target." No other details were shown. In a prepared statement, Reckon CEO Clive Rabie said the company has "made significant inroads into making Reckon One a contender in the online accounting software space." The company has introduced the online application into the United Kingdom, which it notes is a larger market than Australia and New Zealand has operated.
Diana Waterman, a long-time Sage channel manager, has joined Avalara. Waterman was director of partner program for Sage Accountant Solutions from April 2013 through April 2015. In that role, she managed the educational program for Sage's accountant program and the Sage 50 reseller channel. Before to that, she was director of partner programs from October 2004 through May 2013 and was responsible for North American channel marketing.