Sage has expanded its alliance with Fairsail, whose Human Capital Management Cloud system is built on the Salesforce1 platform. Under the new deal, Fairsail becomes the cloud HCM platform of choice for Sage X3. Sage X3 and Fairsail products will work together to provide companies with processes to manage financials, supply chain, payroll, workforce and talent management, all in the cloud.
Cloud software vendor Intacct has secured $40 million in financial through a new debt facility from Silicon Valley Bank. "When you are looking at long-term growth, you always have to watch the market and sometimes you take in money before you actually need it to ensure you have the flexibility to take advantage of new opportunities when they arise," CEO Robert Reid said in a prepared statement.
I went to a recital at a church in Jersey City this weekend which was held to benefit restoration of its organ. Someone asked me what I knew about organ restoration and I replied, "They have pills for that now." .... I was watching my wife working on eggs in the living room. "Are those deviled eggs?" I asked. "No, just mildly annoyed," she responded. ... The 160th birthday of Sigmund Freud, the father of modern psychoanalysis, is this month, and it's worth a reminder that sometimes a candle, is just a candle.
The Alerion Capital Group has made what was described as a major investment in Navigator Business Solutions. Navigator, based in Salt Lake City, Utah, is an SAP reseller and has been SAP Cloud Partner of the Year every year since 2009. "The investment by Alerion will help us advance and accelerate our highly regarded cloud first methodology to a broader reach," CEO Grant Fraser said in a prepared statement.
Cloud versions of Sage 50, which is really different products in different companies, drove revenue growth for Sage's first half ended March 31. And subscriptions continued to rise as license revenue fell—the latter off 9 percent in the United States. Overall, executives were in a good mood about results. In this week's earnings webcast, CEO Stephen Kelly said the company achieved "double-digit recurring revenue growth for the first time this decade."