News and Analysis (15665)
U.S. DRIVES COLUMBUS GROWTH
- Friday, 29 April 2016
- News and Analysis
- Written by mark
The results for Danish reseller and ISV Columbus had a familiar theme with this week's release of results for its quarter ended March 31. Acquisitions, particularly in the United States, spurred its growth in consulting and overall revenues. "The growth is primarily due to acquisitions in 2015 and hosting [Danish firm Systemhosting] in 2016," CEO Thomas Honoré said during this week's earnings webcast. It seemed clear that the biggest component was results for Interdyn BMI, purchased last year, although Honoré pointed to improved sales execution at its other operation in this company, Columbus U.S., as another factor.
SIKICH BUYS BCG
- Friday, 29 April 2016
- News and Analysis
- Written by PMG Admin
Naperville, Ill.-based accounting firm Sikich will acquire the assets of BCG & Co., the firms said this week. BCG is comprised by the related businesses, Brockman, Coats, Gedelian & Co., BCG Systems, Inc. and BCG Wealth Advisors. Akron, Ohio-based BCG has $18 million in revenue, which Sikich said represents its largest corporate acquisition. The deal brings together two organizations that had made Bob Scott's Top 100 VARs and VAR Stars several years running.
ADAPTIVE SUITE SOUPED UP
- Thursday, 28 April 2016
- News and Analysis
- Written by mark
Adaptive Insights has made a lot of enhancements to its cloud-based Adaptive Suite 2016.2. But anytime I see the word "Excel" I hone in on the accountant's favorite tool. Adaptive already featured Excel-based reporting capabilities. But now, the application enables users to view their plans and perform data entry in Excel. The suite offers a new Active Sparklines feature via which trend analysis is now combined with data entry.
NETSUITE'S REVS, LOSS HIT "30s"
- Thursday, 28 April 2016
- News and Analysis
- Written by PMG Admin
I think I just invented that term, but for the first quarter ended March 31, the revenue and loss for NetSuite both exceeded a 30-percent change over the prior year. The San Mateo, Calif.-based cloud software company continued its boom-and-spend ways as it reported results this week. The net loss was $29.7 million for the most recently ended quarter, an increase of 30.9 percent over $22.7 million a year earlier.
QLIK SIGNS DISTRIBUTOR
- Thursday, 28 April 2016
- News and Analysis
- Written by mark
Analytics software vendor Qlik Technology has signed Arrow Electronics to distribute its products. "It will help us grow and scale our partner program," CEO Lars Björk said about the alliance during the week's earnings webcast. He continued that the deal was not aimed at going deep into vertical markets. The Arrow relationship was announced early this month. However, Björk spelled out the impact as the company delivered its first quarter results this week.
FINANCIALFORCE GETS CUSTOMER EXEC
- Thursday, 28 April 2016
- News and Analysis
- Written by mark
FinancialForce has named Adrian Ivanov to the newly created role of chief customer officer. The cloud vendor said Ivanov will be in charge of customer strategy and execution, including product development, sales, marketing, consulting and support. Previously, he was FinancialForce's SVP of global sales.
BLACKBAUD: CHANNEL GROWING
- Thursday, 28 April 2016
- News and Analysis
- Written by PMG Admin
It is not contributing significantly to revenue, yet, but the new channel being assembled by nonprofit software vendor Blackbaud, is growing. "We are signing up new VARs at a pretty decent clip," CEO Mike Gianoni said during this week's earnings webcast. Gianoni gave no numbers for the size of the channel. However, he emphasized the company plans to approach resellers differently than when it had a channel that it disbanded several years ago.
BLACKBAUD COMPENSATION BOOMS
- Wednesday, 27 April 2016
- News and Analysis
- Written by mark
Four Blackbaud executives saw their pay at least double in the year ended December 31. Stock awards given by the Charleston, S.C.-based nonprofit software company boosted their compensation over 2014. CEO Michael Gianoni received $11.5 million for 2015, an increase of 140 percent from $4.8 million the prior year. The overwhelming amount of Gianoni’s pay was $10.1 million in stock awards, up 284.4 percent from $2.6 million in 2014.
EDGEWATER EXEC PAY DROPS
- Wednesday, 27 April 2016
- News and Analysis
- Written by mark
Top executives at Edgewater Technology saw their pay fall for the year ended December 31. Documents filed with the SEC this week show that total compensation for the company's five named executives fell by double digits, ranging from 14.4 to 42.5 percent. In the case of all five, the contributing factor was a sharp cut in non-equity incentive plan compensation. All of them received hikes in base salary which will raise target bonuses for 2016.
TOP 100: ON DEADLINE
- Friday, 22 April 2016
- News and Analysis
- Written by PMG Admin
The call for entries for Bob Scott's Top 100 VARs is open for the 2016 selection is at the end. Still, the end is near. So if you want to receive a form for submission so you can be a part of this year's story, let me know at This email address is being protected from spambots. You need JavaScript enabled to view it.
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