
PMG Admin
K3 PROFITS JUMP; REVS SLUGGISH
- Friday, 25 March 2016
The K3 Business Technology Group, a Dynamics reseller based in the United Kingdom, had a sharp jump in profit for the half ended December 31. But revenue was is a low-growth mode for the retail software specialist. Profit before tax was about $6.7 million, an increase of 33 percent from the similar period a year ago; up 36 percent in constant currency. Revenue crawled up by 1 percent for the most recently ended half to about $59.7 million, an increase of 4 percent in constant currency. The company sounded a theme heard among large Microsoft VARs—the need to grow revenue of their own products.
MINERALTREE STARTS PROGRAM
- Thursday, 24 March 2016
MineralTree has had resellers prior to this month. But the Cambridge, Mass.-based the accounts payable (AP) and payment automation software company has not had a former program until now. The company has hired Colin Toomey as partner development manager to work with MineralTree's coterie of resellers and business process outsourcers. From March 2010 until taking the new job, Toomey worked at Cayan.
M&A DRIVES COLUMBUS RESULTS
- Friday, 18 March 2016
Four acquisitions led reseller and software developer Columbus to double-digit increases in revenue and net income last year. And the biggest impact was in the United States which benefited from 2015's acquisition of InterDyn BMI and Sherwood Systems. In fact, the increase in Columbus' revenue for the year ended January 31 was 245.2 million euros and the increase from the U.S. was 241.4 million euros.
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