Accounting News


MBS FILLS RELLER’S SPOT Microsoft Business Solutions has named Chris Caren to fill the position left open when former corporate VP Tami Reller became CFO of Microsoft’s Windows division in November.

Caren was named as a general manager, with the VP position left open, according to a company statement. MBS also named as managers: Mogens Elsberg, ERP product management and marketing; Brad Wilson, CRM product management and marketing; Kim Carnesale, Dynamics marketing, Gayle Hoshino, director in charge of pricing and services product management and marketing, and Paul Prokop, group product manager for small business marketing.


Partner Insights

Exact Software saw net income for the year ended Dec. 31 rise by 13.7 percent over 2006.

Revenue rose by 6.3 percent excluding the effect of exchange rates which had a big impact on results from the Americas region. The EBIT margin in North America rose to 19.2 percent for the most recently ended year, compared to 15.7 percent for 2006. At recent exchange rates, revenue for the Americas was roughly $97 million. The EBIT earnings for the most recently ended year were about $17.9 million.


Epicor has named Thomas Kelly as CEO and president, replacing George Klaus, who has held those positions for 10 years.

Kelly has served on the Epicor board since 2000. Klaus remains as executive chairman of the board of directors. Mark Duffell, formerly president and COO, has left the company.


Newly public Deltek reported net income of $22.5 million for the year ended Dec. 31, up 47 percent, from $15.3 million in 2006.

Revenue reached $278.2 million, up 22 percent from the prior year. License revenue increased by 16 percent. For the fourth quarter, the project software company had net income of $7.1 million, up 12 percent from $6.4 million. Fourth-quarter revenue was $77 million, up 15 percent from the corresponding period a year earlier.


Sage Software is readying a product package that ties together its MAS 90/200 line, along with Sage CRM and its FAS fixed asset line.

Pricing has not been set for the bundle, which is named Sage Diamond, but it will be based on a per-user subscription plan, according to Connie Certusi, general manager for the MAS and Peachtree lines. It will also have a single maintenance and support plan along with a single installation and logon.


Activant, which saw revenue for timber and hardlines segment drop by 3.5 percent, reported a 10.9 percent rise in revenue for the first quarter ended Dec. 31.

Net income dropped to $531,000, from just over $2 million in last year’s corresponding period with operating exchange increasing by $12.6 million. Activant’s revenue reached $108.9 million in revenue for the most recently ended period, compared to $92.2 million a year earlier. Overall revenue rose from the impact of the Intuit Distribution business, which it purchased a year ago.


Intuit said the small business software market shrank by 4 percent during the third quarter ended Jan. 31, although its own share rose by 2 percent.

Because of the change, Intuit reduced its expectations for growth in the QuickBooks segment to 5 to 7 percent for the year, instead of the 8 to 12 percent it previously projected for the year ending July 31. Third-quarter revenue reached $834.9 million, up 11 percent from $750.6 million a year ago. Net income dropped to $115.2 million, down from $145.6 million.

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