EXACT SHAREHOLDERS APPROVE SALE
Shareholders of Exact Holding have approved the sale of the company's assets to funds managed by Apax Partners. The action at this week's extraordinary meeting also approved the dissolution of Exact as it has existed and the supervisory board of directors will replaced as of the settlement date. Exact has at least one more set of public numbers to report with the release of financial results for the year coming next week.
QAD RAISES $37.1 MILLION
Manufacturing software company QAD raised about $31.7 million from the sale of 2 million shares of stock this month. Another 1 million shares of Class A common stock were sold by controlling shareholders Karl F. Lopker and Pamela M. Lopker through their living trust. The price was $20 per share with the underwriters holding a 30-day option to purchase another 450,000 shares. Karl is CEO and Pamela is chairman and president.
NAVIGATOR PICKS UP SAP HONOR
Navigator Business Solutions has been received the North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The award was one of many handed out this week in San Diego, Calif., North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The awards were given, as the always are, at the year’s Field Kick-Off Meeting. Grant Fraser, owner of the Pleasant Grove, Utah-based firm, said this was his firm's tenth consecutive award as a top partner.
RANDOM THOUGHTS: BELICHICK
The world is such a hostile place—people of differing views who are unalterably opposed to each other, refusing to acknowledge any good in the other side. But enough about the President and Congress, there are some real issues in the Middle East. … Just ordered a new pair of ice skating boots. They did not have my size in stock for figure skating boots. But there were a number of lovely dresses available that fit me. Johnny Weir, look out!
UXC RAISES GUIDANCE
Australia-based UXC, which operates in this country via reseller UXC Eclipse, has raised its guidance for the first half of 2015 ended December 31. The company based its decision on what it called "a solid first quarter and in light of a strong performance in November and December." The change included earnings that are substantially about the guidance given at its annual meeting in November. UXC had said revenue would be more than 8-percent higher than the $231.1 million reported in the first half of fiscal 2014.
EXACT SHAREHOLDERS APPROVE SALE
- Details
- Published on Tuesday, 27 January 2015 23:23
- Written by bobscott
Shareholders of Exact Holding have approved the sale of the company's assets to funds managed by Apax Partners. The action at this week's extraordinary meeting also approved the dissolution of Exact as it has existed and the supervisory board of directors will replaced as of the settlement date. Exact has at least one more set of public numbers to report with the release of financial results for the year coming next week.
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QAD RAISES $37.1 MILLION
- Details
- Published on Tuesday, 27 January 2015 22:51
- Written by bobscott
Manufacturing software company QAD raised about $31.7 million from the sale of 2 million shares of stock this month. Another 1 million shares of Class A common stock were sold by controlling shareholders Karl F. Lopker and Pamela M. Lopker through their living trust. The price was $20 per share with the underwriters holding a 30-day option to purchase another 450,000 shares. Karl is CEO and Pamela is chairman and president.
To read more, a Subscription is needed: Click here to subscribe
NAVIGATOR PICKS UP SAP HONOR
- Details
- Published on Friday, 23 January 2015 15:54
- Written by bobscott
Navigator Business Solutions has been received the North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The award was one of many handed out this week in San Diego, Calif., North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The awards were given, as the always are, at the year’s Field Kick-Off Meeting. Grant Fraser, owner of the Pleasant Grove, Utah-based firm, said this was his firm's tenth consecutive award as a top partner.
To read more, a Subscription is needed: Click here to subscribe
UXC RAISES GUIDANCE
- Details
- Published on Friday, 23 January 2015 10:15
- Written by bobscott
Australia-based UXC, which operates in this country via reseller UXC Eclipse, has raised its guidance for the first half of 2015 ended December 31. The company based its decision on what it called "a solid first quarter and in light of a strong performance in November and December." The change included earnings that are substantially about the guidance given at its annual meeting in November. UXC had said revenue would be more than 8-percent higher than the $231.1 million reported in the first half of fiscal 2014.
To read more, a Subscription is needed: Click here to subscribe
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The Editor
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.
FrontPage Author
About the Author: Jennifer Wilson is co-founder and partner of ConvergenceCoaching, LLC, a leadership and marketing consulting and coaching firm that specializes in helping CPA and IT firms achieve success. Learn more about her company at www.convergencecoaching.com. |