News and Analysis

News and Analysis (9970)

VISISTAVU BUYS ACHIEVEIT

Vistavu Solutions, based in Calgary, Alberta, has acquired  AchieveIT, which is headquartered in Port Jefferson, N.Y. Terms were not disclosed.

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MORGANFRANKLIN MICROSOFT HEAD MOVES   

 Shannon Mullins, who headed MorganFranklin Consulting’s Microsoft practice, has left the firm. Mullins, a Microsoft MVP, this month has joined security specialist Arbala and chief revenue officer and partner.

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SAGE H1 STORY: INTACCT SALES

The story for Sage’s results for the first half ended March 31 was that there is Intacct and then there is everything else. Overall revenue was approximately $1.32 billion for the recently ended off, down 4 percent from a year earlier.

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XERO SUBSCRIBERS UP 20 PERCENT 

Xero has reported it had 2,741,000 subscribers when the year ended March 31, an increase of 20 percent over fiscal 2010. However, pace of growth was dampened a bit as the 456,000 net subscriber additions for the year was down 2 percent from 467,000 net additions last year.

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CLOUD DRIVES VERTEX REVS UP 10.1 PERCENT

Vertex rode a 42-percent increase in cloud-based sales to a first-quarter 10.1-percent rise in revenue for the first quarter ended March 31. The indirect sales tax company also reported net income of $1.3 million for the most recently ended period,,compared to a loss of slightly more than $32 million a year earlier.

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REPAY PICKS UP BILLINGTREE FOR $503M

Repay Holdings was back on the acquisition path this week with the announcement it will buy BillingTree for about $503 million. It is the largest acquisition ever for company which has been sopping up payments companies and came days before Repay announced a 20.4 percent increase in revenue for the first quarter ended March 30.

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VERTEX ACQUIRES TAXAMO FOR $200M

Indirect tax software vendor Vertex has acquired Taxamo, which makes cloud-based tax and payments applications for ecommerce and market place. The transaction was for about $200 million in cash.

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SCANCO BUYS SAGE 300 PRODUCTS

Scanco Software has announced the purchase of CI Global Technologies’ entire Sage 300 product portfolio. Scanco markets warehouse management and manufacturing applications for Sage 100 and Intacct.

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QAD CEO COMP. UP 73.7 PERCENT

Stock awards boosted compensation for all of QAD's named executives. But a big boost in that category increase fiscal 2021 pay for CEO Anton Chilton to $3.1 million, an increase of 73.7 percent from $1.78 million in fiscal 2020.

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PRODUCT SALES BOOST SILVERSUN

A 13.2-percent increase in product sales helped lift SilverSun Technologies, parent to reseller SWK Technologies, to a profitable quarter. The company reported net income of $354,679 for the first quarter ended March 31, compared to a loss of $292,115 in last year’s corresponding period. P

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