METHUSELAH LINKS TO DBCAMS Unger Software, which makes the Methuselah financial planning plan, has released a data interface between its product and the dbCams line from Financial Computer Support.
Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.
New York-based Unger says the link enables advisors to track clients in dbCams and then transfer the data to Methuselah, where financial planning scenarios can be generated.
SEC ENDS INTUIT INQUIRY
The Securities and Exchange Commission has notified Intuit that its investigation of stock option granting practices has ended and that the SEC will not recommend any enforcement action.
Intuit, which released the information, had received an informal request during the summer and was one of scores of technology companies investigated by the SEC regarding possible backdating of options.
PRACTICE INSIGHTS INTROED
LexisNexis has introduced the LexisNexis Practice Insights, which provides online access to state-specific tax analysis by practicing tax experts.
The content is available on the LexisNexis TaxCenter and initially will have information on tax issues for 10 states with content about more states being added next year.
LACERTE GETS UP LIFT
Intuit is pumping more money into its Lacerte professional tax preparation line with plans to link the product more strongly to QuickBooks.
The general outlines of the Lacerte improvements were given by CEO Steve Bennett, who also said the company can probably beat the 0 to 5 percent increase in revenue predicted for its profession tax operations for the year ending July 31.
CENTAGE MOVES TO MASSACHUSETTS
Centage, a budget software marketer formerly based in Houston, has relocated its headquarters to Natick, Mass.
The company, which offers the Budget Maestro software line, also said it had hired Jim Nauen as its new vice president of sales and marketing. Nauen was charged with increasing the Massachusetts staff by 150 percent by this month and adding another 25 percent in the areas of training and technical support during the first half of 2007.
ADVENT EARNINGS PLUNGE
Advent Software saw earning fall to $952,000 for the third quarter ended September 30, down sharply from net income of $1.6 million in last year's corresponding period.
The drop came as revenue rose 7.2 percent to $45.9 million in the most recently completed quarter, compared to $42.8 million a year earlier. Rising costs put a dent in the bottom line as expenses hit $45.5 million, up 20.4 percent from the prior year. The company noted that it spent $1.1 million on its client conference held during the third quarter.
ENVESTNET NAMES SALES EXEC
Envestnet Asset Management, which offers both software and asset management services, has named John Harris as national sales manager as a part of the Chicago-based company's restructuring of its Advisory Services organization.
Harris joined the company during its merger with Oberon Financial Technology.
Prior to joining Envestnet, Harris led the sales efforts in the South Central region for AssetMark Investment Services.
VALUSOURCE MAKES BUY
ValuSource, based in Colorado Springs, Colo., revealed information about its available databases and research.
It will include market transactions, which have businesses sales statistics on nearly 9,000 privately held organizations, and financial benchmarking data from more than 1 million companies.
CSI TO BAR CODE W2S
Creative Solutions will beginning generating 2D bar codes on W2 forms for use with UltraTax CS in the upcoming tax season.
CSI President Jon Baron says that barcoding W2s and 1099s will save preparers time in data entry. The company, which began bar coding K-1 data last year, says that it is willing to share the technology with other tax preparation software or payroll vendors.