The switch to the cloud and the emphasis on Sage X3 has cut into revenue of SWK Technologies. The reseller's parent, SilverSun Technologies, reported this week a sharp drop in product revenue and net income for the third quarter ended September 30. Net income for the most recently ended period was $16,464, down sharply from $248,165 a year ago. Revenue rose to $7.2 million, an increase of 18.3 percent from slightly more than $6.1 million in last year's corresponding period.
Linda (Shillingburg) Kolker, a veteran of the channel and the nonprofit market, has joined Intacct after nearly 11 years with Open Systems. Kolker's move to the San Jose, Calif.-based cloud vendor was announced in the last few weeks although her LinkedIn profile shows she took on the new job as channel executive in July. Kolker was regional VP of sales with Open Systems from November 2004 through February 2010.
Sage has chosen a number of new global executives. And the lesson is it helps to have a British accent, with some French natives around for spice. So the reports that recently departed EVP of global brand experience Gabrielle Boko will not be replaced in the United States fit with the unannounced pattern—and thank you LinkedIn bios. Promoted in October was Nick Goode (London) to the position of global VP for cloud product management with responsibility for Sage Live and Sage One, accountants apps and UX.
While Intuit's ProTax operations are not the normal purview of this publication, their presence impacts all of the company. Intuit does not talk much about this highly profitable business in which it holds the major share of the professional preparer market. Intuit has not published a press release about its ProTax products—Intuit Online, Pro Series, Intuit Tax Online—on its website since March 2013. Analysts say that they have trouble getting any information on these operations. "It's not just you," one commented.
Syspro USA has named Doug Garnhart as CFO, a new position for the Costa Mesa, Calif.-based operation. Garnhart's job history includes his role as principal at DLF Consulting since November 2010. His LinkedIn resume shows that he held short-term positions at companies ranging from small to larger. These include INOVx Solutions, Outsell and Bersin by Deloitte. A spokesman says the creation of the new position reflects growth. The function had also been handled among different members of staff.