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FULLSCOPE PRES GETS STAY/SALE BONUS

Edgewater Technology has awarded Russell Smith, president of its Fullscope reselling operations, a stay bonus. The parties entered the agreement on December 22 with payouts depending on whether the company is sold before March 31 or not. Read more...

CLOUD PUSHES QAD 3Q REVENUE

Karl Lopker, QADManufacturing software Vendor QAD reported a loss of $161,000 for the third quarter ended October 31, compared to earnings of $1.5 million a year earlier.  Revenue increased to $76.9 million in the most recently ended period, a gain of 10.9 percent from $69.5 million a year earlier.

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INFOR EXPECTS MODEST 1Q GROWTH

Infor expects to report revenue growth of 7.5 percent to 8.9 percent for the second quarter ended October 31. The software company says software license fees and subscription revenue will grow by 10.7 percent to 13.4 percent over a year ago.

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