Blackbaud reported double-digit growth in net income and revenue for the second quarter ended June 30. The company said it had strong performance across the company as it reported $7.8 million in net income, up 10.9 percent from slightly more than $7 million in last year's corresponding period.
The service business was the only driver for Edgewater Technology as net income jumped 166 percent while revenue increased by 12 percent for the second quarter ended June 30. Net income hit $494,000 in the most recently ended period, compared to $1.3 million a year ago. Revenue was $34 million, up from $30.5 million a year earlier. Software revenue was $3.6 million, a decline of 12.2 percent from $4.1 million in last year's corresponding period.
Tribridge has been named Partner of the Year by Scribe Software. Scribe says the rewards to Miami, Fla.-based Tribridge and other recipients are for those organizations "that have delivered innovative integration solutions as well as generating the greatest bookings and bookings growth for Scribe's cloud-based and on-premises integration platforms."
Avalara has enhanced CertCapture, its software that enables users to capture, manage, and analyze tax compliance documents in real-time. Important new features include what the company called a simplified user interface for use in point-of-sale systems. There is also a single sign-on to exemption certificate management.
Australia-based MYOB has acquired Greentree, which makes financial software for companies with roughly 100 to 1,000 employees. MYOB is buying Auckland, N.Z.-based Greentree for $20.5 million. The move will give MYOB a broader geographical reach and a larger potential base of clients. MYOB operates in Australia and New Zealand and serves companies with about 20 to 500 employees.