Dynamics reseller Edgewater Technology is on the lookout for companies to acquire, CEO Shirley Singleton said this week. "We are going to pursue opportunistic acquisitions that add either critical mass to our specialty areas or add a new complementary revenue stream or streams," she said during the earnings webcast for the year ended December 31. Net income for the fourth quarter and full year received a substantial boost from $30.4 million tax benefit "in connection with the reversal of a majority of the Company's valuation allowance against the carrying value of its gross deferred tax assets" (say that three times quickly).
AQB, a bookkeeping and consulting company, has been named Intuit's Reseller of the Year for 2013. It's the third time AQB has received the award, which was handed out at the Intuit Reseller Rally early this month. AQB, headed by president and CEO Marjorie Adams, also received the 2014 Intuit Payment Gold Excellence Award. What's interesting is that the release of this news by AQB is the first I've heard that Intuit has reseller awards and the Reseller Rally.
Microsoft has planned a new conference for its Dynamics software channel. As described, the event would be held November 7 through 11 and would combine the attributes of the former Stampede conference originated by Great Plains and the Microsoft Technical Airlifts. And it would be held in Fargo. Fargo in November? Bring dogs and a parka. The event is being planned, or at least promoted, by product manager, Pam Misialek, who handles Microsoft's Inside Microsoft Dynamics GP blog.
QuickBooks Enterprise Solutions keeps on ticking. The sort-of midmarket package from Intuit had 96,000 subscribers when the second quarter ended on January 31. That's an increase of 20 percent from 90,000 in last year's corresponding period. It's also up 5,000 – 5.5 percent—from 91,000 in the first quarter. Intuit does not give out any explanations for the growth when its quarterly results are issued since QBES is not material to results.