NORRINGTON EXITS INTUIT, SEEKING CEO POST: Lorrie Norrington, who served for three years as executive vice president of software provider Intuit Inc., has resigned from the company, headquartered in Mountain View, Calif., to pursue a chief executive post.
Her resignation was effective Jan. 7.
Norrington came aboard at Intuit after heading several divisions at conglomerate GE, with the understanding that she would succeed incumbent chief executive Steve Bennett. Last year, however, Bennett announced his intention to lead the company for an additional five years.
According to federal filings, Intuit will pay Norrington some $915,000 as part of a severance package, and a $640,500 performance-based bonus.
In a statement, Bennett said, "Lorrie made significant contributions to Intuit in a number of areas over the last three years - growing our QuickBooks and Quicken businesses, rebuilding our outsourced payroll business, and substantially improving the Intuit-branded small businesses. Her strong leadership skills and business acumen have made a positive, lasting mark upon Intuit. We thank her for a terrific job and wish her well."
LBMC TECHNOLOGIES MERGES WITH IT SOLUTIONS: LBMC Technologies, an affiliate of top-ranked CPA firm Lattimore Black Morgan & Cain, has merged with IT Solutions.
Terms of the deal were not disclosed.
According to the firm, the deal makes LBMC Technologies the largest technology solutions provider based in the Tennessee market, with over 1,000 customers. It also brings together more than 50 information technology professionals with operations in Nashville and Knoxville.
LBMC president Scotte Hudsmith will manage the overall operations of the LBMC Technologies. IT Solutions president Stacy Schuettler will manage the Knoxville office.
IT Solutions, which provides services to 7,000 East Tennessee businesses and government agencies, focuses on service areas, including network infrastructure and custom software development. LBMC Technologies, with offices in Nashville and Knoxville, provides products and services, including accounting software from Microsoft Great Plains, Solomon and SAP Business One, customer relationship management software, business intelligence software, Web design, IT assurance services and training.
- Carly Lombardo-Bohach
MBS OFFERS PEOPLESOFT MIGRATION: Following the recent $10.3 billion takeover of PeopleSoft by Oracle Corp., Microsoft Corp. said that it would offer a migration program for users of PeopleSoft Enterprise, PeopleSoft EnterpriseOne and PeopleSoft World.
The migration program provides migration technology, price discounts on Microsoft Business Solutions software and services, and migration guidance.
The program, available through June 22, provides customers with a 25 percent license discount, a 25 percent discount on a Microsoft Business Solutions support and enhancement plan for the first year, migration planning guides, and data migration tools.
The program is available for all four MBS applications.
The company also recommended that PeopleSoft World and PeopleSoft EnterpriseOne customers consider MBS's Axapta, and that PeopleSoft Enterprise customers in the United States and Canada consider MBS Great Plains.
"Businesses that use PeopleSoft technology are facing some difficult choices today, and we're committed to providing them with the best options for moving forward," said Doug Burgum, senior vice president at Microsoft. "Today's announcement is evidence of our ongoing commitment to working closely with PeopleSoft customers and partners to help them migrate to Microsoft Business Solutions in a smooth, cost-effective manner, and on a schedule that best accommodates their business needs."
The migration program is available now through Microsoft resellers worldwide.
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