News and Analysis

News and Analysis (10304)

CEGID PLANS TO DOUBLE REVS BY 2026

 Cegid, which makes retail and ERP software, has published “Forward 2026” strategic plan this month. Among the goals are double revenue to roughly $1.36 billion by 2026.

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BAM BOOM TOP DYNAMICS 365 BC VAR

 Bam Boom Cloud, which has offices in the United Kingdom and the United States, has been named the Microsoft’s Partner of the Year for Dynamics 365 Business Central. Based in Liberty Hill, Texas, the firm was one of many winners and finalists for top partners named in several categories by Microsoft in advance of its virtual Inspire 2022 conference next month.

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DELTEK CONFAB BACK TO IN-PERSON

Deltek will hold its customer conference in-person this year. Returning to the format, the conference, formerly known as Deltek Insight, will now be called Deltek ProjectCon, the company said this month.

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ACCUFUND HONORS RESELLERS

ComputerWorks NFP Solutions topped the AccuFund channel again in 2021. The nonprofit software company this month named the Ontario, Calif.-based firm Volume Sales Leader Overall and New Site Sales Leader from VAR Leads.

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NETSUITE SIGNS CIRCULAR EDGE

Oracle NetSuite has signed Circular Edge to its reseller program. The newest member of the Solution Provider Program is also joining NetSuite’s SuiteLife program.

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ALITHYA’S REVS RISE 52.2% IN FY 2022

Alithya, a Dynamics and Oracle reseller based in Montreal, Que., narrowed its loss for the year ended March 31 on a 52.2 percent rise in revenue year-over-year. That included a 39.4-percent rise in increase in revenue for operations in the United States, the company said this week.

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VISMA SELLS IT CONSULTING BIZ

Visma, which has been rapidly mopping up software companies in Europe and South America, is selling its IT consulting business to CVC Capital Partners Fund VIII. Terms were not announced.

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CEGID BUYS U.K. RETAIL SOFTWARE BIZ

 Cegid, which makes financial and retail software, has acquired StoreIQ, which also makes retail software. Terms were not disclosed.

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CLOUD AT WORK OPENS CANADA CENTER

 Cloud at Work, a hosting company that is a sister to reseller Net at Work, has opened a data center in Toronto, Ont. The new facility follows the approval by Cloud at Work as Strategic Hosting Provider for migrating the software company’s on-premise customers to the cloud.

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NETSUITE REVS RISE 27 PERCENT

 NetSuite’s hot pace shows no signs of slowing down for the year ended May 31.  Parent Oracle reported this week revenue for the cloud-based products grew by 27 percent in the fourth quarter, up 30 percent in constant currency.

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