KINTERA CUTS STAFF Kintera, which markets the FundWare line of not-for-profit accounting software, says that it will cut 10 percent of its staff, following the announcement that it lost $10.2 million for the second quarter ended June 30, more than double the $4.2 million in red ink a year earlier.
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Revenue nearly doubled, rising to $10.4 million from $5.9 million in last year's corresponding period. Sales and marketing expenses rose to 88 percent of revenue, up from 65 percent.
SAGE HIRES CIO
Sage Software has named John Bartz as chief information officer to replace Alan Boehme, who left the position several months ago.
Bartz has been working as a contractor since the departure of Boehme, who joined the company in September 2002. Sage also named Elvin Monteleone as senior vice president and general manager of mid-market CRM Solutions.
NETSUITE HIRES GRAHAM
NetSuite, the San Mateo, Calif.-based supplier of online business applications, has hired Kimberly Graham as its new director of channel marketing.
Graham takes over as senior manager of channel marketing for Sage Software. Graham says that one of her goals is to restart NetSuite's annual reseller conference, which was not held this year because of the position's being vacant since the resignation of Susan Gallagher earlier this year.
SAGE LAUNCHES NEW DIVISION
Sage Software is assembling a new division in the Atlanta area to promote Peachtree and related products.
Although the company did not officially announce the move, its creation was spelled out in advertisements for positions on www.monster. com. Positions being advertised included seven customer account management positions, and a vice president of partner programs.
MICROSOFT PICKS NAMES
Microsoft will transition away from the names of its four accounting lines over the next year, adopting the name Dynamics.
Axapta will become Microsoft Dynamics AX, with Great Plains, Navision, and Solomon becoming respectively Dynamics GP, Nav, and SL.
The move is aimed at thwarting competitors who question the products' futures. "It gives people the confidence that whichever product line they have bought that no one can say those product lines are going away," says Doug Burgum, president of Microsoft Business Solutions.
BVISION 7.0 LAUNCHED
Two years after its announcement, Version 7.0 of Sage's BusinessVision Software has been shipped in Canada, with shipment of a U.S. version yet to come.
Sage says the release has a new user interface and database, better data management capabilities, and easier third-party integration, along with new reporting features.
SYSPRO READIES REPORTING SERVICES
Syspro, which markets a line of manufacturing software, is preparing to release Syspro Reporting Services next year to replace all standard reports in the system.
The company says reporting services will ship with a variety of predefined reports that are designed to work out of the box. The system will help users avoid the need for licensing third-party database drivers, such as OBDC, in order to generate custom reports.
ACCPAC NAMES CHANGED
Sage Software has renamed its two mid-market accounting products that had been marketed under the Accpac name, as the company continues to rebrand its line with the Sage name.
The former Accpac Advantage is now Sage Accpac ERP. Accpac Pro-Series, which Accpac had acquired from the former SBT Accounting Systems, is now called Sage Pro ERP. Some ProSeries resellers welcomed the change, saying that it helps distinguish their product from the former Advantage line.
SERENIC NAMES CFO
Serenic, which markets payroll and nonprofit accounting software for the Navision market, has named Michael Frost as CFO.
Frost, who was most recently a manager at KPMG in Edmonton, Alberta, assumes some of the duties of chairman Dwayne Kushniruk, who was serving as acting CFO. The company sells the Serenic Navigator accounting line for Navision.