News and Analysis

News and Analysis (15665)

NXTURN'S MCGEE JOINS VESTED GROUP

Dave McGee, The Vested GroupDave McGee, a founder and partner of NXTurn, has joined The Vested Group. Both organizations are NetSuite resellers. McGee was with NXTurn, which is based in Fort Lauderdale, Fla., from April 2012 through April 2016 and joined the new employer last month. NxTurn is headed by executive director and CTO Tony Hill and executive director and CFO Julie Fitzpatrick. The Vested Group is based in Plano, Texas.

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INTACCT TARGETS GOING PUBLIC

Robert Reid, IntacctIntacct hopes to make an initial public offering in the next year. The statement was made this week by Robert Reid, CEO of the cloud software company, at its Advantage conference this week. "If we don't go, it won't be because of us," Reid said, explaining market factors and politics could thwart the plan but Intacct will ready to go.

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SALES SVP ARNTZ LEAVES NETSUITE

Mike Arntz, NetSuiteMike Arntz, SVP of Sales for the Americas, has left cloud software vendor NetSuite to become SVP of worldwide field operations at Smartsheet. Arntz's departure was followed quickly by an announcement that Sam Levy had moved from the job of VP of sales to VP of sales for the Americas for NetSuite.

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INTACCT REWRITING REPORT WRITER

Aaron Harris, IntacctWith frequent apologies for the quality of Intacct's reporting system, chief technology officer Aaron Harris said a new report writer will be available early next year in limited release. Harris said at this week's Intacct Advantage conference that a good reporting system is fast and powerful and that "the custom report writer we are giving to you today is none of the above."

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SALES VP LEAVES EPICOR

Bob Aronson, Epicor SoftwareReports in the channel say that Bob Aronson, Epicor Software's VP of sales has left the company. An inquiry has been sent to Epicor about these reports.  An industry veteran, Aronson was with Tribridge from January 2005 through April 2008. He joined Microsoft in 2008 and was director of industry sales there until August 2013 when he then joined Epicor.

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NETSUITE REPORTS QUIETLY

Zach Nelson, NetSuite NetSuite sort of snuck its financial report for the September quarter into the world. Given its pending acquisition by Oracle there was no conference call and I didn't get any emails. Well, the trends continued with revenue for the third quarter ended September 30 up 26 percent rising to $243.9 million from $192.8 million in last year's corresponding period.

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RANDOM THOUGHTS: CARDINAL DOLAN

Cardinal Timothy DolanVery interesting to see the NCAA has calculated the value of sex acts provided to members of the University of Louisville basketball team and recruiting prospects. Hey come, on, this is the closest some of them will ever get to an economics class. Of course, it does suggest a completely new meaning of taking the ball to the hole.

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SAP NET DROPS AS REVS RISE

Bill McDermott, SAPRevenue growth for SAP accelerated for the third quarter ended September 30, although its after-tax IFRS profit dropped by 19 percent from last year's corresponding period. The 9-percent increase for the third quarter was ahead of the 6 percent registered for the nine months. CEO Bill McDermott said in this week's earnings webcast company is raising its 2016 outlook for the top and bottom line.

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DYNAMICS 365 USER GROUPS STARTED

Dynamic Communities Dynamic Communities has announced two new user groups for customers of the cloud-based Dynamics 365, which will be formally introduced at the beginning of November. Dynamics 365 Business User Group is for organizations using the Dynamics 365 Business edition while another group is for those purchasing the Dynamics 365 Enterprise edition.

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DYNAMICS SALES UP 11 PERCENT

MicrosoftDynamics revenue took off in the September quarter. The company said this week that for the third quarter ended September 30, the line's income rose by 11 percent over last year's corresponding period. That compares to a 4-percent increase for the year ended June 30.

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