BobWScott

BobWScott

NETSUITE VAR ABACI ACQUIRED

 Abaci, a NetSuite reseller, has been acquired by private-equity firm, Accordion. No terms were disclosed.

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PAYA BOOSTS MARKETNG SPEND

 Payments vendor Paya grew its marketing push for the second quarter ended June 30. That helped cut into the company’s net income, which dropped 47.8 percent to $1.6 million, compared to $3.2 million in last year’s corresponding period.

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CLOUD SUBS DRIVE VERTEX 2Q

Indirect tax software vendor Vertex reported revenue of $119.3 million for the second quarter ended June 30, a 13.7-percent increase from $104.9 million a year ago. Cloud revenue drove results with subscription revenue increasing  to 40 percent of the total from 36 percent of the total a year ago.

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