News and Analysis

News and Analysis (10079)

SAGE NAMES TWO SENIOR EXECS

 Sage has hired two senior level executives with one moving into the new role of EVP of international markets. The action included naming Microsoft and Oracle veteran Walid Abu-Hadba as chief product officer. His major role is growing the Sage Business Cloud.

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CLOUD SPURS PROFITABLE QAD QUARTER

In the last few quarters, QAD has reported net income, but a drop in revenue. For the first quarter ended April 30, the manufacturing software company reported both net income and 11.7-percent rise in revenue.

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EPICOR BUYS CPQ SOFTWARE COMPANY

Epicor has acquired KBMax, which markets Configure Price Quote and visualization software. Terms were not disclosed.

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VENA CTO/CO-FOUNDER TO STEP DOWN

George Papayiannis, one of three co-founders of Vena Solutions, will leave the job of chief technology officer he has held since April 2011.  Papayiannis will continue in the position until a successor is found.

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PSA RULED OUT FOR QBO ADVANCED

Intuit revealed limits for its target market for QuickBooks Online Advanced this week. CEO Sasan Goodarzi ruled out multi-billion dollar companies and the professional services market during this week’s webcast for the release of financial results for the third quarter ended April 30.

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REV GROWTH TOPS BIG QUISITIVE Q1

Reseller Quisitive sharply reduced its loss and increased its revenue by 16 percent for the first quarter ended March 31. But that was almost anticlimactic after two significant acquisitions and rounds of investments to pay for them.

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PAYA REVS UP 12.4 PERCENT

 Payments company Paya this month reported net income of slightly more than $1 million for the first quarter ended March 31, compared to a loss of $675,000 a year earlier. The company posted the profit as sales reached $30.2 million in the most recently ended quarter, up from $49.1 million a. year earlier.

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BLACKBAUD NAMES CUSTOMER VP

Nonprofit software vendor Blackbaud has named Chris Singh as VP of customer success. He will oversee global functions in that area, including management and support, services, operations and technology.

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EUROPE LOCKDOWNS DENT PRODWARE

France-based Sage and Dynamics reseller, Prodware, reported a 4.9-percent drop in revenue for the first quarter ended March. That came as software integration revenue fell by 10 percent because of COVID-19-related lockdowns in its European markets

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 PROCORE TECHNOLOGIES IPO PRICED

Procore Technologies is going public this week. The construction software company, whose share are expected to begin trading on the New York Stock Exchange today, said its stock has been priced at $67 per share.

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