SWK Technologies has closed on an X3 sale worth more than $1.1 million. The deal was announced by SWK's parent, SilverSun Technologies, and shows the potential for SWK to end 2013 with a real boom in revenue. The amount covers software and consulting services with the customer described as an international footwear manufacturer. SilverSun CEO Mark Meller said in a prepared statement that the previous record for deal was $700,000 for the company's first X3 transaction in 2012.
Advent International, a Boston, Mass.-based private equity investor, has reached an agreement to buy Unit4, which makes the Coda and Agresso software lines. A major thrust of the agreement is the expansion of Unit4 and its product lines. The investment will accelerate Unit4's SaaS efforts, including its majority ownership in FinancialForce.com.
Finley & Cook has been named Serenic's Partner of Excellence for the third time in four years. Serenic says the award is based on revenue attainment, customer retention, marketing efforts and commitment to Serenic. The Shawnee, Okla.-based accounting firm's business includes a specialty in tribal accounting. The Serenic practice is headed by Linda O'Neal. The firm also handles Dynamics CRM, and Serenic Navigator works with Dynamics Nav. Finley & Cook has handled the Serenic line since 1999.
Exact Online may have been discussed in the same breath as the proliferating crowd of low-end accounting software packages. In terms of price, it's not in the same league, but after all, it is designed for manufacturers and wholesale distributors. As the cloud application was rolled out this week in the United States, Exact detailed a price that's far above Xero, Kashoo or the Kashoo-based Paychex Online Accounting.