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.
Adaptive Insights has made a lot of enhancements to its cloud-based Adaptive Suite 2016.2. But anytime I see the word "Excel" I hone in on the accountant's favorite tool. Adaptive already featured Excel-based reporting capabilities. But now, the application enables users to view their plans and perform data entry in Excel. The suite offers a new Active Sparklines feature via which trend analysis is now combined with data entry.
Analytics software vendor Qlik Technology has signed Arrow Electronics to distribute its products. "It will help us grow and scale our partner program," CEO Lars Björk said about the alliance during the week's earnings webcast. He continued that the deal was not aimed at going deep into vertical markets. The Arrow relationship was announced early this month. However, Björk spelled out the impact as the company delivered its first quarter results this week.