News and Analysis

News and Analysis (15665)

NETSUITE REVS UP 30 PERCENT

netsuiteThe results for NetSuite's second quarter ended June 30 would normally be something to crow about. But given the day's announcement that the mother ship is calling NetSuite home—Oracle is buying NetSuite—it seems the rooster has left the building. And the cloud-based software company cancelled this week's second-quarter earnings call. But there was progress on all fronts.

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SAGE SUMMIT FOR $99

Sage Summit and an IntruderSage proclaimed that it had 15,000 people registered to physically attend its Summit conference this week in Chicago and another 15,000 signed up remotely. The question yet to be answered is how happy are exhibitors and right now, there's not enough input to reach any conclusion.

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ACCUFUND INTROS POSITION CONTROL

Peter Stam, AccuFundAccuFund has introduced the Position Control Module, an add-on to the Payroll Module in the AccuFund Accounting Suite. The new application tracks employees by position and ascertains which positions are open or have been filled. It offers two levels of use with Level One tracking whether a position is filled and Level Two recording an encumbrance on the funds in a grant or a department to pay for the employee through the end of their contracted payroll time.

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CRM ONLINE DRIVES DYNAMICS GROWTH

MicrosoftDynamics revenue for Microsoft's fiscal year ended June 30 rose 4 percent over 2015 totals. The change was attributed primarily to higher revenue from Dynamics CRM Online which suggests the four financial packages are stagnant, something the last couple of financial reports have indicated. However foreign currency also whacked 6 percent from the category's income.

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ORACLE TO PAY $9.3B FOR NETSUITE

Zach Nelson, NetSuite Oracle has agreed to buy NetSuite for a deal valued at about $9.3 billion. Redwood Shores-based Oracle will pay $109 per share in cash in a deal that had the industry rumor mill in high gear for the last few weeks. Oracle CEO Mark Hurd said the company will invest heavily in both product lines. The deal is expected to close this year.

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TRAVERSE CLOUD INTRODUCED

Michael Bertini, Open SystemsOpen Systems has released Traverse Cloud, which is hosted in the Microsoft Cloud. The Minneapolis, Minn.-based software company says the new product is a complete ERP system. The company also says Microsoft recently approved it as a Microsoft Cloud Solution Provider. Traverse Cloud has accounting, manufacturing, distribution and verticals.

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SAGE REVS UP 6 PERCENT

Stephen Hare, SageSage says its organic revenue for the third quarter ended June 30 was up 6 percent over a year earlier. The figures were given as Sage issued its third quarter trading update. European companies provide trading updates for their first and third quarters with percentages of change but no monetary amounts for revenue and earnings.

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SAGE OFFERS MEDIA GUIDE

Steve Kelly, SageSage has published a media guide to prep its channel members in a document that also shows its channel events are closed to the media. I suppose other companies provide media guides, but this is the one I happen to have. The trend continues that Sage is largely focused on providing information about its celebrity speakers: Richard Branson, Zoey Deschannel, Gwyneth Paltrow and Robert Herjavec, who will be a panel on the impact of cloud computing.

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HARRIS TO HEAD SAGE PROGRAM

Nancy Harris, SageNancy Harris, who has run Sage operations in Canada for several years, will become EVP of Sage's North American partner and accountant business. Her prior job is being filled by Paul Struthers as EVP and managing director of Sage Canada. She will be based in Richmond, Ontario. Struthers had worked at Amdocs since January 2001 and was VP and GM in his last position there starting in July 2014.

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KELLY: 15K REGISTERED FOR SUMMIT

Steve Kelly, SageSage CEO Steve Kelly said this were there are 15,000 individuals registered for Sage Summit. And there are another 15,000 who has signed up to watch remotely the United Kingdom-based CEO said this week in a tweet. So is this a half full glass or half empty? It's a good number, but the total does not meet the 20,000 the company told exhibitors it would get.

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