The Information Technology Alliance has named Intacct's Peyton Burch as a director to a three-year term. Burch, a CPA, has been a senior channel executive at the San Jose, Calif., company, since October 2010.
Goldman Sachs has made invested $40 million in SugarCRM. The equity investment was accompanied by the announcement that Goldman VP Antoine Munfa, a vice president at Goldman Sachs, was named to Sugar's board of directors.
Everyone in the midmarket business talks about the impact Internet-based application has on resellers. But at his company's recent conference, Acumatica CEO Yury Larichev made some specific descriptions of how the cloud affects reseller facilities and staff.
Xero has had a decent impact on the market in the United States for low-end Internet-based accounting software, especially given its still small size. However, the New Zealand-based company is about to run into a massive Intuit response in the competition for the business of companies with 10 and fewer employees.