Xactly, which makes software that manages incentive compensation, has begun the steps needed for an initial public offering. In its documents filed this month with the Securities and Exchange Commission, the San Jose, Calif.-based company has not yet specified the number of shares to be offered or the possible size of the offering. Its registration statement does show that over the last three fiscal years, it has increased revenue by 68 percent, but doubled its net loss over the same period.
Exact JobBoss is now available in a private cloud deployment. The Minneapolis, Minn.-based manufacturing software publisher named Netgain of St. Cloud, Minn., as "the first of several hosting providers." JobBoss offers both subscription and perpetual license pricing for hosting plans. QuickBooks, uniPoint and Synergy are included in the pricing model. UniPoint must be installed on the same server as JobBoss. No separate server is required for QuickBooks or Synergy.
Wave Accounting has raised $10 million in venture financing, bringing the Toronto, Ontario-based company to a total of $35 million in funding. The company said this month the money came from CRV, The Social+Capital Partnership, OMERS Ventures, and "a strategic investor in the global fintech software space". The online accounting software company offers its accounting products for free, making money off advertising (or sponsorships, same thing.)
The preliminary analysis shows that in the Bob Scott's Top 100 VARs for 2015 that 55 of those listed carry cloud products. That's a jump from 44 last year. We'll get into the final numbers later (allowing for last-minute checks for publication next Friday). But the cloud has yet to penetrate the Top 20 firms significantly. Out of that 55, only six are in that biggest group and this seems attributable to the fact that many Dynamics resellers are staying loyal to Microsoft. Twenty-eight members of this year's class carry only Dynamics products and that includes 10 of the Top 20.
I have concluded from observing the photos on websites that the primary users of accounting software are very attractive young people. ... Got a recent email from an unhappy subscriber to the Progressive Accountant. "DROP DEAD, YOU SCUMBAGSSSSSS!!!!!!!!!!!!!!!! I replied, "Which of our Scumbags do you have in mind?" ... One of those endearing moments with your spouse: My Wife: I don't think our daughter will ever learn to change how she does things. Me: Gee, I wonder where she gets that? On the same theme as the last post: she wanted me to take the recyclables from the back porch to the street.