Accounting News


SAGE INKS COMPUPAY Sage Software has decided to hand over its online payroll services to CompuPay, a rapidly growing company that claims to be among the top five payroll service providers.

Sage's payroll "continued to grow faster this year than anything by far," says Karl Grass, Sage's VP. But Grass said that the company believed the investment required would yield a better return elsewhere. Most of the Sage payroll employees were expected to be hired by Miramar, Fla.-based CompuPay.


Partner Insights

Deltek, which makes financial software for project-oriented companies, has agreed to buy the MPM division of Plainview for about $16 million in cash.

MPM has annual revenue of about $5 million and markets an earned value management application used by government contractors and agencies to meet federal compliance requirements. Herndon, Va.-based Deltek says MPM integrates with Deltek wInsight. MPM is compliant with ANSI/EIA-748, and it supports critical programs for Department of Defense, Department of Energy, NASA and Department of Transportation.


Despite declining revenue from its hardlines, lumber and automotive market segments, Activant posted a 3.5 percent increase in revenue for the third quarter ended June 30, helped out by the Eclipse distribution software that it acquired last year from Intuit.

Revenue for the most recently ended quarter was $103.7 million, up from $100.2 million in last year's corresponding period. Meanwhile, net income dropped to $829,000, down 38.4 percent from $1.3 million a year earlier.


Epicor Software has opened an office in Bangkok, Thailand, to serve more than 30 Thai clients as well as supporting the software company's resellers in the Asian country.

The office serves as a base fore sales, marketing and consulting staff, as well as business development representatives. Poonsak Varawatanakul was named as country manager for Epicor in Thailand.


The Kintera division of Blackbaud has named Meg McKinley as vice president of professional services of the unit that was acquired by Blackbaud earlier this year.

McKinley moves over from the Charleston, S.C.-based parent where she was director of enterprise solutions and she directed an 80-person services staff that was responsible for $17 million in annual revenue. Before joining Blackbaud, she was a senior consultant at Cap Gemini Ernst & Young, where she analyzed business practices for the evaluation of eProcurement systems.


In January, Microsoft will stop selling Small Business Financials a product that was supposed to be a stepping stone to Dynamics GP.

Chris Caren, general manager of Dynamics product management, says SBF will be supported until January 2011. The decision was made to drop the eight-year-old package, initially known as Small Business Manager, to concentrate on the mid-market-companies with more than 50 employees, he said.


Online accounting software vendor Intacct has named Marti Pozzi as its senior vice president of worldwide sales.

Kathy Lord, the previous vice president of sales, has assumed the role of vice president of sales programs and operations and reports to Pozzi. Pozzi, who spent 11 years with Siebel Systems joined Oracle in 2006 via its acquisition of Siebel and managed sales to small and medium-sized business for Oracle.


Sales of QuickBooks rose by 7 percent for Intuit's year ended July 31 as total company revenue reached $3.07 billion, up 15 percent from $2.67 billion a year earlier.

Overall, Intuit reported net income of $476.7 million for the year just ended, up 8.4 per cent from $440 million for fiscal 2007. QuickBooks revenue hit $637.8 million. The Accounting Professional Segment rose 4 percent to $326.7 million, including what was formerly called the Professional Tax segment, whose revenue was primarily from the Lacerte and ProSeries tax products, with the addition of revenue for the QuickBooks Accountant Edition and ProAdvisor program.

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