Dennis Frahmann, EVP of marketing, for Sage North America is going to retire "in few months." That announcement was made in an almost throwaway line by Pascal Houillon at the Sage Summit conference going on in Nashville.
New Zealand-based Xero has raised about $13 million from existing investors after the online accounting application company gave existing investors a chance to buy stock at a February price paid by new investors. CEO Rod Drury said the Share Purchase Plan gave those shareholders the opportunity to purpchase stock as the same price achieved in a private placement completed in February.
Years ago, I owned a Dodge Demon, which ran very well (I got rid of it too soon). It was exactly the same car as the Plymouth Duster. The only difference between the two models was the name plate on the car. Presumably, they were minted this way because some customers that would buy Dodge might not buy Plymouth. And so companies like Sage grapple with the question of what to call the product.
Before Monday's keynote speech by Microsoft CEO Steve Ballmer, there was a buzz that he was going to make a major announcement. It sounded like buzz that had been started deliberately. But after press releases were handed out at the Convergence user conference before the presentation and Kirill Tatarinov, head of the Dynamics operations spoke, Ballmer said that ERP products "are going to the cloud." And that was about it.
Road trip! Sage executives will take to the road later this summer. The announcement is at the end of aYouTube video labeled “Sage Says Thank You to Small and Medium Sized Businesses “ “Many Sage executives will be traveling across the country in an RV later this summer,” according to Brad Smith, the EVP of customer experience.
Acumatica has hired Dawn Jaeger, who had led channel development for SugarCRM. Jaeger was director of global channel development for SugarCRM from August 2011 until this week. Before that she was with SAP from January 2005 through July 2011 and w;as senior channel development manager for SAP Business ByDesign for the last 11 months or tenure there.
The channel that SAP so proudly recruited in the last few years for its Business ByDesign cloud package has dwindled a precious few. The Partner Finder shows 20 resellers (after you factor out companies that have multiple offices that are listed as individual VARs).
Last week's newsletter pointed to the continuing proliferation of online, low-end accounting packages as Reckon One was introduced in Australia. An interview with FreshBooks CEO Mike McDerment this week at the AICPA's Tech+ Conference brought in-depth discussion about the reasons. McDerment says it's because the zero-to-10-employee company, targeted by FreshBooks, has not been well served by more robust packages, even the low-end accounting software offerings.
Many of today’s visualization tools give even the most non-technical user the power to create sophisticated graphics with just a few clicks. This can be a double-edged sword. Users who are not knowledgeable about graphic principles may be lured by the ability to put everything but the kitchen sink into a single graphic, making a dazzling piece of art that is difficult to decipher.
When I was about to get married twenty years ago my dad said to me “Son…getting married will be the last decision you’ll ever make.” Boy, was he right. Marriage is a long-term decision. Just like buying technology.
In the next Star Trek movie, Captain Kirk, who has endured years of difficult relations with the Klingons and the Romulans, meets an even more challenging race, the Teflons who prove difficult to destroy because none of the Enterprise’s weapons will stick to them. ... Someone at the Las Vegas Airport told me last week they were hearing a noise that didn’t stop. “That’s the endless sound of money going down the drain,” I said.
Emma Watson, Hermione from the “Harry Potter” movies is going back to college. It’s a good idea. Somebody like her just can’t make a good living without that degree. Of course, in college her social life could be stifled by dates who fear that if they misbehave she will turn them into frogs. ... The Audubon Society is considering adding drone watching to its activities. Members will be encourage to classify drones by color, country of origin and cruising altitude. “Oh, I just love it when the drones come back to Capistrano every year.”
Amanda Bynes is in a good spot for the upcoming competition with Lindsay Lohan for the Danny Bonaduce lifetime achievement award for dysfunctional child stars following the TV star's recent arrest for pot possession. Pop star Justin Bieber is considered an up-and-coming entrant for next year's selection …. Apparently the issue that spurred New Jersey Governor Chris Christie to have lapband surgery to deal with his with weight issue was that without Twinkies on the market, his doctors feared he would lose the will to live. By the way, former members of the cost of the TV show “Jersey Shore” were confused by the term, lap band.
Former Congressman Anthony Weiner, who put the show in show-and-tell, has tossed his hat – well he tossed something - into the ring to run for Mayor of New York City. His declaration "I have nothing to hide" drew a "Please do" response from many New Yorkers. Weiner says he has proven he can measure up to the job. ... The Zombie apocalypse is coming to the Mountain State in a new movie in which John Denver’s famous homage is adopted as the theme song of “Almost Human, West Virginia”
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.
About the Author: Jennifer Wilson is co-founder and partner of ConvergenceCoaching, LLC, a leadership and marketing consulting and coaching firm that specializes in helping CPA and IT firms achieve success. Learn more about her company at www.convergencecoaching.com. |