Accounting News

Print
Email
Reprints

SAGE SELLS LINES Sage Software's Accpac operations have sold two product lines that were acquired by Accpac in 2000 with its purchase of the former SBT Accounting Systems.

Sage has sold the Accpac Executive Series and Director Series to Searer Solutions of Wilmington, Del. Sage acquired the products with its purchase of Accpac International in 2004.

MICROSOFT BUYS PROCLARITY

Partner Insights

Microsoft has acquired ProClarity, a Boise, Idaho-based company that develops analysis and visualization techniques that work in association with Micro-soft's business intelligence products.

Those produces include SQL Server 2005, Office Business Scorecard Manager 2005, Excel, and SharePoint Server. Microsoft says the upcoming 2007 Office system will significantly increase its investment BI.

ADAPTIVE PICKS CEO

Adaptive Planning, a Mountain View, Calif.-based company that makes Web-based budgeting, forecasting, and planning software, has named William A. Soward as its CEO.

Soward replaced founder and previous CEO, Robert Hull, who will transition to the position of CFO and vice president, professional services and support. Soward was previously general manager of FRS, a unit of the S1 Corp.

INSYNQ SETTLES SUIT

Insynq, a Seattle-based company that provides online accounting applications, has settled a suit for $300,000 in rent from a former landlord.

A publicly held company, Insynq did not disclose the terms of the settlement. The company has faced several legal actions over payments, including sal-aries of former employees. It has been able to settle a number of these.

CDC TO ACQUIRE C360

CDC Software, an Atlanta-based unit of the CDC Corp., has agreed to purchase c360, which makes add-on products for CRM applications, including Microsoft Dynamics CRM.

Ross Systems, which makes ERP software, and Pivotal Corp., a CRM developer, are divisions of CDC Software. CDC Software had revenue of $201.8 million for 2005, a 33.8 percent rise from $150.8 million in 2004. The 2005 revenue for Hong Kong-based CDC Corp. was $245 million, compared to $182.7 million the prior year. The company lost $3.9 million last year.

SAGE TAPS GEFFEL

Sage Software has named John Geffel, a veteran employee of Timberline Software, to head the group that markets the Timberline Office as part of Sage's Construction and Real Estate Business Unit.

Geffel had been employed by Beaverton, Ore.-based Timberline for 23 years when it was purchased by Sage in October 2003.

SYSPRO SETS DIRECTION

Syspro, which makes accounting software for the manufacturing market, plans to make its software easier to deploy and will also improve the interface, according to an outline presented at its annual reseller conference.

Plans were detailed by Phil Duff, the company's CEO, at the meeting in Cape Town, South Africa. Executives noted that the company had increased its research and development spending by 40 percent over the last three years.

NEW PREZ JOINS SYNCHRONICS

Radiant Systems, which last year purchased Synchronics, a Memphis-based company that publishes POS software, has named one of its divisional leaders as president of its new unit.

Radiant's Chris Lybber has taken the president's job from founder Jeff Goldstein, who has become chief software architect.

Radiant paid about $27.5 million, including $20 million in cash, in acquiring Synchronics in January.

NETSUITE CHANGES CHANNEL LEADERS

Two executives who joined NetSuite in the last year to lead its value-added reseller channel have left the company.

Gone are Adam Ross, who joined as vice president of channel sales in March 2005, and Kimberly Graham, who had joined as director of channel marketing in August. Ross has been replaced by Craig West, who was promoted by Kristin Brown, the newly hired vice president of alliances. Graham's position has not yet been filled.

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Register now for FREE site access and more