Analytics software vendor Qlik Technology has signed Arrow Electronics to distribute its products. "It will help us grow and scale our partner program," CEO Lars Björk said about the alliance during the week's earnings webcast. He continued that the deal was not aimed at going deep into vertical markets. The Arrow relationship was announced early this month. However, Björk spelled out the impact as the company delivered its first quarter results this week.
It is not contributing significantly to revenue, yet, but the new channel being assembled by nonprofit software vendor Blackbaud, is growing. "We are signing up new VARs at a pretty decent clip," CEO Mike Gianoni said during this week's earnings webcast. Gianoni gave no numbers for the size of the channel. However, he emphasized the company plans to approach resellers differently than when it had a channel that it disbanded several years ago.
FinancialForce has named Adrian Ivanov to the newly created role of chief customer officer. The cloud vendor said Ivanov will be in charge of customer strategy and execution, including product development, sales, marketing, consulting and support. Previously, he was FinancialForce's SVP of global sales.
Four Blackbaud executives saw their pay at least double in the year ended December 31. Stock awards given by the Charleston, S.C.-based nonprofit software company boosted their compensation over 2014. CEO Michael Gianoni received $11.5 million for 2015, an increase of 140 percent from $4.8 million the prior year. The overwhelming amount of Gianoni’s pay was $10.1 million in stock awards, up 284.4 percent from $2.6 million in 2014.
Top executives at Edgewater Technology saw their pay fall for the year ended December 31. Documents filed with the SEC this week show that total compensation for the company's five named executives fell by double digits, ranging from 14.4 to 42.5 percent. In the case of all five, the contributing factor was a sharp cut in non-equity incentive plan compensation. All of them received hikes in base salary which will raise target bonuses for 2016.