BobWScott

BobWScott

AVIDXCHANGE REVS RISE 36.6 PERCENT

Newly public AvidXchange nearly doubled its loss on a 36.5-percent rise in revenue for the third quarter ended September 30. The payments company posted a loss of $35.5 million for the most recently ended quarter, up from $17.9 million in red ink a year ago.

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INTACCT FY21 REVS UP 22 PERCENT

Intacct recurring revenue grew 22 percent year-over-year to approximately $222.1 million for Sage’s year ended September 30. That came as revenue growth for the United States outstripped other countries before currency.

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SILVERSUN BUYS ONE BIZ; SELLS ONE

SilverSun Technologies, parent of SWK Technologies, has sold one software practice and acquired another. Last week, SilverSun signed a deal to sell its Sage X-3 business to New York, N.Y.-based VAR Net at Work. This week, it agreed to buy the Acumatica division of Dynamic Tech Services of Atlanta, Ga.

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