CARTESIS REPORTS '06 SOFTWARE REVENUES UP 28 PERCENT: Cartesis, a provider of finance and performance management software, announced that for the 2006 fiscal year, the company saw its software revenues growth 28 percent - including a 61 percent leap internationally and a 57 percent rise in North America. Cartesis said that the success is likely due to additional investment in international sales and marketing and the introduction of its new product line, Cartesis 10, a business performance management solution that integrates internal and external financial data for publication, benchmarking, and merger and acquisition planning.Chief executive Didier Benchimol said that in recent quarters, the business has grown at a rate triple or quadruple that of its competitors. The company also reported:
* 40 percent of its license revenue came from new clients;
* Its annual license revenue of core BPM products grew 38 percent, while the fourth quarter saw growth of 43 percent compared to last year; and,
* In the most recent quarter, international license revenue grew by 114 percent compared to the close of the 2005 fiscal year.
MAJOR SAGE RESELLERS MERGE: MIS Group and ERG, two resellers of Sage Software headquartered in Dallas, have announced a merger. Financial terms were not disclosed.
As a result of the union, the new company's combined projected revenues for 2006 will be roughly $27 million, with an employee base of 150. Over the next six months, ERG will do business as ERG, an MIS Group Co., and subsequently transition to the MIS brand by Jan. 1, 2007.
MIS Group is composed of a trio of companies, including Dallas-based CBSI, Denver's Tundra Data and the Las Vegas-based Micronet. Robert Muir will remain as chief executive of MIS Group, while ERG head Greg Boyd will become MIS Group president, reporting to Muir.
The combined operation will offer small and midsized companies technology services, including needs assessment, business planning, networking, custom programming, training and end-to-end software systems.
AVALARA SEES SALES TAX BUSINESS JUMP: Avalara, a provider of Web-based sales tax compliance services for small and midsized businesses, announced that it has seen dramatic growth for the first half of 2006.
The company said that the growth is reflected in terms of revenues, registered users, partners and transactions per second for the AvaTax automated sales tax management service, as well as other Avalara sales tax rate and calculations services. "We are experiencing a 600 percent rate of revenue growth for the first half of 2006 ... compared to the same period in 2005," said Avalara president and chief operating officer Scott McFarlane, in a statement.
Avalara has recorded as many as 9.5 transactions per second on high-volume days, and averages nearly four transactions per second on a more typical day. In January 2005, Avalara had roughly 100 registered users and reseller-partners. Today, that figure is nearly 5,000 registered users, and the company is signing up an average of between 500 to 700 new users each month, and now has more than 450 registered reseller-partners.
INSOURCE WORKFLOW MANAGER TARGETS CORPORATE TAX: Thomson Tax & Accounting, part of The Thomson Corp., announced the upcoming release of its InSource WorkFlow Manager solution. The Web-based workflow and document management system allows corporate tax departments to streamline and automate projects and business processes previously managed through e-mail, paperwork and manual tracking logs. Corporate tax departments will be able to centrally track all workflow processes, including planning, provisions, federal/state/international tax return preparation, audit responses and more.
InSource WorkFlow Manager also allows for increased scrutiny and risk, stricter deadlines, employee turnover, recruiting difficulties, and use of outside temporary resources - all while providing standardization and consistency in the processes by implementing technology.
Special introductory pricing will be available for a limited time. For more information, call (201) 541-4121 ext. 235, or visit http://insource.thomson.com.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access