News and Analysis

News and Analysis (15664)

MICROSOFT PICKS ARMANINO SOFTWARE

Tom Mescall, ArmaninoMicrosoft has licensed the Revenue Recognition Management for Microsoft Dynamics 365 from accounting firm Armanino. The application from the accounting firm will be built into Dynamics 365 for Finance and Operations.

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ACUMATICA RAISES $25 MILLION

Jon Roskill, AcumaticaAcumatica has closed a $25-million funding round. The cloud software company secured Accel-KKR as a new investor leading the round with the firm taking a seat on the board. CEO Jon Roskill said, last week “This is about growing even faster”.

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AVALARA SHARES SOAR

Scott McFarlane, AvalaraAvalara closed its first day of trading as a public company with a bang. And it was just in time to get an additional boost when the Supreme Court tossed out rules against taxing Internet sales.

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RANDOM THOUGHTS: TRUDEAU

Justin Trudeau, Canadian Prime MinisterThe meeting North Korea leader Kim Jong Un with president Trump is probably the only time anybody in North Korea is going to wonder who had the worst hairdo in the room. Meanwhile, the ruling class is addressing the critical economic problems facing the average North Korean with government publications such as “Fifty New Ways to Prepare Grass for Your Meals” and “Fasting as a Tool for Self-Improvement”.

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AVALARA OFFERING GOES HIGH

Scott McFarlane, AvalaraAvalara went public today at $24 per share, beating estimates that had continued to rise over the last few days. On Friday, the Wall Street Journal said the estimate was $19 to $21 per share and when the software company filed its amended Form S-1 with the SEC mid-week that had moved to $21 to $23 per share.

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INTACCT TALKS HIPAA

Dan Miller, IntacctIntacct, emphasizing features for a variety of industries in its new release, says Sage Intacct 2018 Release 2 offers tools to ensure HIPAA compliance. The cloud software company this week has introduced an advanced audit trail so organizations subject to Health Insurance Portability and Accountability Act can ensure tools, security, and agreements are in place.

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AVALARA NARROWS 1Q LOSS

AvalaraAvalara pumped money into sales and marketing and R&D but still managed a slight narrowing of its loss in the first quarter ended March 31. The sales-and-use tax vendor reported the quarterly numbers in its amended form S-1 as it prepared to go public this week.

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DELTEK NAMES GLOBAL SALES VP

deltekDeltek has hired Mike Strazza as its SVP of global sales. The software company said this week Strazza will lead both direct and channel sales around the world. Previously, he was with CA Technologies form August 2005 through May this year.

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WORKDAY BUYING ADAPTIVE INSIGHTS

 Aneel Bhusri, WorkdaySo much for the Adaptive insights initial public offering. Workday is acquired the cloud-based budgeting and planning software company. Workday this week said it will pay $1.55 billion for Palo Alto, Calif.-based Adaptive, including $150 million in unvested equity issued to the target company’s employees.

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DELTEK BUYS CONCEPTSHARE

Nish Patel, ConceptShareDeltek has acquired ConceptShare, an Ottawa, Ont.-based company that markets a creative operations management platform. The platform is used in online proofing and review and approval processes of marketing and creative work for agencies and in-house creative teams.

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