Infor said this week that 163 organizations joined the Infor Partner Network last year with 43 of these in the United States. That represents an increase of 48 percent over the number of reseller/developers who joined the network in 2012. Infor cited initiatives such as the new Micro-vertical Products Program and the IPN Digital Edge. MVPP enables partners to build their industry-specific applications via the use Infor Mongoose, which they can use to design and deploy applications without knowledge of complex programming languages. The IPN Digital Edge is a platform that helps them maintain the latest Infor product information on their websites, including the ability to replicate designated infor.com features and content in real-time.
Was starting to wonder why Intacct had been so quiet over the last few months. But that got answered this week with the announcement the company raised $45 million in venture capital and debt funding. In a prepared statement, Intacct said it would invest in company growth and expanded product capabilities. The latter strikes me as particularly important because, like most cloud companies, Intacct could use more features. The book on Intacct has been what it has is really good; it just needs more.
A variety of factors pushed down EBITDA and net income for Unit4 for fiscal 2013. The Netherlands-based software vendor said this week that the valuation of a tax asset in 2012 and cost related to Project Unique were among factors that resulted in net income of $20.3 million for the most recently ended year, down 37 percent from 2012. I have not found a description of Product Unique yet. Meanwhile, total revenue hit $672.3 million, a rise of 4.4 percent from the prior year.
Sheldon Kralstein, co-founder and recently retired CEO of Clients First Business Solutions, died this weekend. Kralstein died from pancreatic cancer. The leadership role had been taken over by Thomas Falteich, who became president and CEO in January, after serving as the VAR's COO since it was created. Kralstein founded the company in March 2003, and became its CEO in 2004. Headquartered in Holmdel, N.J., the company sold Sage and Microsoft products in offices across the nation.