"You're like the Nile used to be." the optometrist said this week. "You mean that I'm a mighty, untamed river?" "No you have cataracts." ... During a recent physical, my doctor looked at me and said, "Well that's a good sign." "You mean I have a healthy appearance?" "No, I mean you're still breathing." ... Brazil appears to be the odds on favorite to win a gold medal in the 1,000-meter corruption competition for its Olympics preparation.
Blackbaud is pleased with customer reaction to the introduction of its web-based Raiser's Edge NXT line. During this week's earnings webcast, CEO Mike Gianoni said that the software company is actively selling the product into the installed base and to new customers. "The uptick is very healthy," he commented. And results for the first quarter ended March 31 were very healthy.
The results for Danish reseller and ISV Columbus had a familiar theme with this week's release of results for its quarter ended March 31. Acquisitions, particularly in the United States, spurred its growth in consulting and overall revenues. "The growth is primarily due to acquisitions in 2015 and hosting [Danish firm Systemhosting] in 2016," CEO Thomas Honoré said during this week's earnings webcast. It seemed clear that the biggest component was results for Interdyn BMI, purchased last year, although Honoré pointed to improved sales execution at its other operation in this company, Columbus U.S., as another factor.
Naperville, Ill.-based accounting firm Sikich will acquire the assets of BCG & Co., the firms said this week. BCG is comprised by the related businesses, Brockman, Coats, Gedelian & Co., BCG Systems, Inc. and BCG Wealth Advisors. Akron, Ohio-based BCG has $18 million in revenue, which Sikich said represents its largest corporate acquisition. The deal brings together two organizations that had made Bob Scott's Top 100 VARs and VAR Stars several years running.
I think I just invented that term, but for the first quarter ended March 31, the revenue and loss for NetSuite both exceeded a 30-percent change over the prior year. The San Mateo, Calif.-based cloud software company continued its boom-and-spend ways as it reported results this week. The net loss was $29.7 million for the most recently ended quarter, an increase of 30.9 percent over $22.7 million a year earlier.