Xero seems to be ruling out an initial public offering in the United States for the foreseeable future. Already publicly traded in Australia and its home company of New Zealand, Xero outlined its current capital needs in its annual report for the year ended March 31. "Based on current projections and growth plans, we have sufficient capital on hand to drive the business towards cash flow break-even," the company said in the annual report.

Prodware, a Dynamics and Sage reseller based in France reported revenue of about $47.9 million for the first quarter ended March 31, an increase of .7 percent over last year's corresponding period. The company said that revenue was up 2.6 percent on a comparable basis; excluding divested operations. The company did not report earnings—that will follow later and I assume this is a French practice as Prodware's usual practice is to release revenue followed later by net income.

Interviews performed in putting together Bob Scott's Insights Top 100 VARs over the last few weeks produced one solid conclusion: CPA firms are increasingly a factor in the VAR market. More firms are moving into technology consulting and those that have been here a while are getting stronger. A buffet line exchange with Steve Ems, principal and national business applications leader at RSM (formerly McGladrey), at NetSuite’s SuiteWorld conference this week supported that theme.