AccountMate Software his given its President's Award to Alex Kleyff of Staten Island, N.Y.-based A.K.A. Consulting. The recognition was given to Kleyff, who has sold AccountMate since 1996, as the software publisher handed out its Achievement awards for the year at its recent reseller Roundtable. CEO David Dierke cited Kleyff's use of vertical products to service clients. The Director of Sales Award went to Tim Olson of BITTT Enterprises of Naperville, Ill.
The Edgewater Technology board of directors has unanimously rejected the takeover bid it has received from Ameri Holdings. In a letter to Jeff Eberwein, the activist investor who heads Lone Star Investors, Edgewater's lead independent director Wayne Wilson that "the Proposed Transaction is grossly inadequate and not in the best interests of Edgewater's shareholders." Lone Star joined AmeriHoldings in the takeover bid. AmeriHoldings, headquarter in Princeton, N.J., operates via Ameri100.
Intacct CEO Robert Reid has pushed the possibility of an initial public offering farther into the future than seemed likely a year ago. With capital so readily available from banks, the cost of such lending is less than the cost of raising capital via an IPO, he said. Reid made the comments at this week’s Advantage user and reseller conference. He gave no timeframe but agreed the state of the market makes an offering less necessary.
There are reports that Fred Studer, who joined NetSuite as chief marketing officer almost a year ago, is no longer with the company. The same reports also state that two other marketing people are gone. Studer came to NetSuite from Microsoft in December. He joined that company in September 2007 and became general manager of the Dynamics operation in May 2011.
Deltek has launched Vision 7.5, the latest edition of its financial application for professional services. The application introduces Asset Manager, a new module that enables users to create, track and manage assets in one place and which integrates with Vision Purchasing and Accounting. It also integrates with Deltek TrafficLive and Deltek Talent Management. Deltek is also providing AP Invoice/Absence Request approvals and task dependency enhancements.