News and Analysis

News and Analysis (10079)

SHOW MUST GO ON, BUT HOW?

In-person conferences have been the norm since the second half of the year began. One exception was Microsoft Inspire, which was completely virtual in early July.

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ACQUIRED UNIT BOOSTS ALITHYA

The acquisition of R3D Conseill boosted revenue for Dynamics and Oracle reseller Alithya significantly for the first quarter ended June 30. Coupled with organic growth, R3D helped Alithya achieve a 54.9-percent decline in the company’s loss on a 45.6-percent increase in revenue.

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MICROSOFT BUYS SPEND MGMNT CO.

Microsoft has acquired spend management software company Suplari, whose application’s capabilities will be used in conjunction with Dynamics 365. Terms were not disclosed

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VERTEX SHARPLY CUTS LOSS

Vertex slashed its loss for the second quarter ended June 30 by 95 percent as revenue rose by 15 percent. The indirect tax software company lost $2.6 million for the most recently ended period, down from a loss of $39.4 million a year ago.

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HEBERT NAMED SYSPRO USA CEO

 Take the interim out of Scott Hebert’s title at Syspro USA. Holding the position of chief sales officer, Hebert had been interim CEO of the unit since the departure of Geoff Garrett in June.

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SILVERSUN REVS UP; SOFTWARE OFF

SilverSun Technologies, parent of SWK Technologies, turned in a sharp increase in net income on a 5.8-percent rise in revenue for the second quarter ended June 30. But software revenue declined by 8.3 percent.

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PROCORE SEES BROAD GROWTH

 Procore Technologies saw broad growth as it made its first report as a public company this week. The construction software company spent into the growth so that while revenue was up 27.1 percent for the second quarter ended June 30 as a three-times increase in operating expenses raised the net loss for the period by 10  times year-over-year.

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HAPPY ANNIVERSARY—TO ME

The notice that Taylor Macdonald is leaving Sage Intacct remind me to note a date in history.  That is July 29, 1991 when I began covering the financial software reselling market.

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DELTEK BUYS FIELD REPORTING CO.

 Deltek has acquired ArchiSnapper, which markets mobile applications for creating field reports for architects and engineers. Terms were not acquired. 

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PAYA REVS RISE 25 PERCENT

Payments company Paya turned in a 25-percent increase for the second quarter ended June 30. However, costs associated with a debt refinancing produced a $3.-million loss for the most recently ended period, compared to earnings of $600,000 a year earlier.

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