Accounting News


DYNAMICS GOES MOBILE Microsoft has introduced Dynamics Mobile, a set of functions and development tools for Dynamics NAV 5.0 and GP 10 that Microsoft said would enable customers to access accounting applications remotely.

Announced at the company’s Worldwide Partner Conference in July, the products include tools designed to reduce mobile application development time. Microsoft also introduced an update to Dynamics SureStep to help reduce implementation time for Dynamics products.


Partner Insights

NetSuite has named David Downing as its new chief marketing officer.

Before joining the online vendor, he was vice president of marketing at MetaLincs, a venture-backed company that was acquired by Seagate Technology. Before that he worked at SAP.


Sage Software has laid off 235 people from its Healthcare division in restructuring that left the unit, which saw a 10 percent drop in revenue for the half ended March 31, with 1,465 employees.

That follows a reorganization in April in which, according to new CEO Sue Swenson, “a lot of unproductive sales people” had been replaced. However, during the discussion of Sage’s first half results, Paul Walker, CEO of the parent Sage Group, said the U.S. healthcare industry remains “highly attractive.”


Infor, which offers a diverse line of financial software, is offering customers the opportunity to finance purchases through IBM Global Leasing.

End-users will also be able to finance complementary hardware and services through the arrangement. Channel partners can also offer terms through IBM.


Consona ERP has announced that version 7.0 of its Made2Manage software will be built on the Microsoft .NET Framework Version 3.5 technology.

The product is currently written in Microsoft’s Visual Fox Pro language, which Microsoft will stop supporting in 2015. However, Consona said enhancements to the Visual FoxPro Version of Made2Manage and the compatibility with future versions of Vista and Microsoft SQL Server will extend the life of Visual FoxPro products beyond that deadline.


Former Sage Software CEO Ron Verni has left the chief executive position at Wilsonville, Ore.-based Corrigo, after five months on the job.

Corrigo name John Phillips, who had been executive vice president and general manager, as the new CEO. An account in the Portland Business Journal reported that Verni’s resignation was attributed to his commuting between his Atlanta-area home and Wilsonville. After taking over, Phillips laid off six out of about 70 workers.


Serenic turned in a 24.2 percent growth in revenue for the year ended Feb. 29, as its net loss was nearly unchanged from fiscal 2007. Revenue rose to $9.8 million (Canadian) from $7.9 million.

While the net loss was C$235,927, down from $237,889 the prior year, the company noted revenue from new software license sales rose by 41.2 percent. Meanwhile, consulting revenue dropped by 13.8 percent, which the company attributed to the channel’s increasing contribution to the business when compared to business from its direct sales force.


Charleston, S.C.-based Blackbaud has completed its acquisition of Kintera, which was unable to make a profit as an independent publicly held company.

Kintera will continue to be led by CEO Richard LaBarbera and will operate from its offices in San Diego and Denver. Blackbaud said it will support Kintera’s products, including Sphere, FundWare, Connect and Giving Fund, with the two companies’ R&D teams examining how to extend the capabilities of each product.


Two former Epicor execs have formed a private investment firm that will focus on acquiring mid-market software companies and service businesses that require operational expertise or want to consolidate.

M2 Technology Partners is lead by Mark Duffell, formerly president and COO, and Michael Piraino, a former CFO of Epicor.

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