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."
Boomer Consulting has named Jim Boomer as CEO to succeed his father and founder, L. Gary Boomer. The Manhattan, Kan.-based firm also selected Sandra Wiley as president, Dustin Hostetler as chief innovation officer, and L. Gary Boomer as visionary and strategist. "This shift in leadership represents the roles each of our leaders have played over the last several years and will allow Boomer Consulting to better focus on strategic growth," L. Gary Boomer, said in a prepared statement.
Brad Smith, who held important executive positions with Sage North America, has started a new business. His company, Vector Business Navigation, was founded in September, but only recently popped up when Smith changed his LinkedIn profile. Smith's profile said he "Created a suite of service offerings and tools to diagnose, design and deliver strategic multi-year CX transformations".
Continuing to grow its business segments outside of financial software, Net@Work has acquired Dresser & Associates. Dresser, based in Scarborough, Maine, has been a frequent member of the Sage President's Circle and has about 600 customers. "For us to be an amazingly good HRMS shop, we needed to expand our acquisition strategy," Net@Work co-president Alex Solomon said this week about the deal.
Executives of Edgewater Technology, which owns the Fullscope reselling business, said this week they were happy with the results for the first quarter ended March 31. The loss was down and acquisitions brought increased service revenue that hiked the top line. A loss of $763,000 in the most recently ended quarter was better than the $940,000 in red ink a year ago.