ACCELLOS NABS RADIO BEACON Accellos, a company based in Colorado Springs, Colo., has acquired Toronto-based Radio Beacon, which markets warehouse management applications.
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Terms were not disclosed. Accellos publishes applications for logistics, transportation, warehouse, and mobile fleet management. Accellos did not specify whether Radio Beacon's management would remain. However, the company's Web site, which now calls Radio Beacon an Accellos company, continues to display pictures of Dale Jeffries, CEO and president, and Tom Berend, the director of technical service and founder, as officers.
CDC BUYS OWN STOCK
CDC Corp. has purchased slightly more than 6 million shares valued at $27.7 million under a stock repurchase program, as of September 25.
The company, based in Atlanta and Beijing, China, completed a $20 million buy-back program on August 10, with a second round of $20 million now under way. Although the CDC name is not widely known in the United States, some of its holdings in the software business are. These include Ross Systems, which makes enterprise-level financial and CRM products; and the Pivotal CRM and e360CRM lines.
NADELLA TO RUN MBS
Satya Nadella, the corporate vice president who runs research and development for Microsoft Business Solutions, will take over the unit's leadership when Doug Burgum leaves the company at the end of June.
The company did not announce a title for Nadella in his new role, which he will assume as Burgum phases out. Nadella will report to Jeff Raikes, president of the Microsoft Business Division, in his new role.
SAGE PROMOTES WHITEHOUSE
Sage Software has named Geni Whitehouse as vice president of strategy for the Sage Software Accountants Network, taking over from Ed Cheeseman, who is leaving the company to re-enter public practice.
Whitehouse was responsible for putting together Navision Software's CPA program, before that company's acquisition by Microsoft, and was vice president of accounting alliance for Accpac, before it was purchased by Sage. Her most recent position was vice president of product management for the Sage Accpac ERP line.
STRONG HALF FOR EXACT
Exact Software North America turned in a strong performance for the first half ended June 30 with sales up, while earnings before interest and taxation rose about 59 percent.
EBIT reached about $5.5 million, compared with $3.4 million in last year's corresponding period. North American revenue was $38.2 million in the most recently ended half, up from about $31.1 million a year earlier.
Worldwide revenues for the Dutch-based company reached about $150.1 million, up from $128.8 million, while net income for the first half was $20.1 million, an 18.8 percent rise from about $16.9 million a year ago.
MICROSOFT RENAMES SBA
Microsoft has changed the name of Small Business Accounting, introduced in September 2006, to Office Accounting 2007 for the next edition of the package.
"We got a lot of feedback on making the naming a little simpler," says Rajat Taneja, who directs Office Accounting's marketing. Microsoft also has plans to extend the product's capabilities for both smaller and larger companies than those originally targeted.
BURGUM WEDDED TO FARGO
Doug Burgum, who has headed Microsoft Business Solutions for five years, says that whatever role he plays after leaving Microsoft in June, he will remain in Fargo, N.D.
Burgum has worked 23 years with MBS and before that with Great Plains, which Microsoft purchased early in 2001. There has been speculation that he would run for public office, either governor or U.S. Senator for North Dakota, but Burgum said politics is among possibilities that include taking another CEO job, working with a start-up, and philanthropy. (See related story page 46.)
SAGE BUYS CORUM MOBILE
Sage Software has signaled its intention to expand its offerings in mobile applications through the acquisition of the Corum Mobile Division of Corum Corp., which is based in Concord, Ontario.
The technology was already being utilized for Sage's SalesLogix CRM package, and will now be extended to the company's Timberline construction software line and then its the mid-market accounting applications, according to Dave Batt, who leads Sage's Global CRM. The Corum technology supports Windows Mobile and Palm hand-held devices.