SugarCRM has hired William Hunt as its new chief product officer. Hunt will oversee SugarCRM's product management, development, quality assurance, operations and the professional services organizations from the company's headquarters in Cupertino, Calif. Prior to joining the open source software company, Hunt was co-founder and chief technology officer of OptTown, which makes self-provisioning CRM for small and medium-sized businesses.
Blackbaud hasn't been in the midmarket financial space since it canned its Financial Edge channel in 2005, although it has had a small channel remaining for its FundWare nonprofit accounting program. However, the Charleston, S.C.-based nonprofit vendor is back officially this month with the revamped Blackbaud Partner Network. Blackbaud actually had as many as 30 partner categories from its acquisitions. But there was no clear plan, according to Chris Clinton, VP of global channels and the partner ecosystem.
Avalara has acquired the Zytax line of energy-related tax applications for the United States and international jurisdictions. Terms were not disclosed. The Bainbridge Island, Wash.-based sales tax vendor purchased the product line from FuelQuest, which makes cloud-based software and services for what are termed global downstream energy companies. There are three Zytax SaaS products that cover the fuel excise tax arena.
It's practically a formula—NetSuite's GAAP loss rose and the cloud software company showed strong revenue growth. That was the story as the company this week released results for its first quarter ended March 31. The loss rose to $22.2 million, up from just over $13 million in last year's corresponding period. Revenue reached $123 million in the most recently completed period, a rise of 34 percent from $91.6 million a year earlier. Non-GAAP income rose to $4.4 million, up 58 percent over $2.8 million a year ago.