Accounting News


SAGE INKS MYSQL The Sage Group, which promised earlier it would consider using non-Microsoft database engines, has signed an agreement with MySQL.

MySQL, which is an open-source database, will be used in the 2007 versions of Sage Software's Peachtree Accounting and Simply Accounting. Sage CTO Klaus-Michael Vogelberg touted the product for its ability to reduce cost of ownership and because it is "not dependent on one platform or stack." The comment is an indirect reference to Microsoft, which promotes its software platforms as a single product stack.


Partner Insights

Revenue from licenses from the Dynamics line increased by 9 percent in Microsoft's first quarter ended Sept. 30.

However, Microsoft offered no details as it stopped separately reporting operating results for Microsoft Business Solutions, which markets for Dynamics accounting lines and Dynamics CRM. The results are now included in the much larger Microsoft Business Division. Microsoft discussed the impact of its switch from per-module to per-user licensing for the Dynamics line on revenue recognition.


Serenic posted a profit from continuing operations of $282,102 for the second quarter ended Aug. 31, compared to a loss of $55,738 in last year's corresponding period as revenue for the most recently ended period was virtually unchanged.

Revenue hit $2.1 million, down a few thousand from last year's corresponding period. The company also said it had hired Randy Keith, formerly president of Navision US, as president, enabling CEO Jay Malik to focus on long-term strategy.


Net income for Epicor dropped 38.6 percent on a 36.8 percent rise in revenue for the third quarter ended Sept. 30.

Net income fell to $5.4 million, down from $8.8 million in last year's corresponding period. Some of the decline stemmed from expensing incentive plans and from lower margins on the sale of hardware by CRS Retail Systems, which was acquired a year ago. Revenue rose to $95.7 million, up from $69.9 million a year earlier.


Radiant Systems, which owns the CounterPoint point-of-sale line, saw earnings more than double on a 23 percent increase in revenue for the third quarter ended Sept. 30.

Net income hit $2.4 million in the most recently ended period, up from $741,000 a year earlier. First quarter revenue was $57.6 million, compared to $46.8 million a yer ago. The increased revenue stemmed for Radiant's purchase of Synchronics, which had owned CounterPoint, and MenuLink.


Intacct, which markets Internet-based financial applications, has promoted Craig N. Remy to the position of vice president of marketing, after serving as marketing director for six years.

Before joining Intacct, Remy was a marketing director at the Quaartz Corp., and earlier an art director in charge of advertising and marketing for Sony. He also has held senior roles at Vanderbyl Design, Turner Duckworth San Francisco, and Industrial Light & Magic.


Cougar Mountain Software has promoted Cary Welsh, formerly marketing director, to the position of chief operating officer.

Welsh replaces Jim Stone, who was named to the newly formed COO job in March 2005. Dave Haworth replaced Welsh as chief market officer while Lori Rea Smith became director of marketing and Brian Jennings was named director of product management.


After leaving Sage Software to run NetSuite's channel program, Graham is back at Sage in a new role in the company's expanding customer relationship management team.

Graham has been named as CRM Business Process Lead, which is involved in developing standard sales and marketing processes across different Sage Business units. Graham left Sage last year to join NetSuite, but she and Adam Ross, who were in charge of that vendor's reselling program for a few months, were dismissed.

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