SAP Business One has been sold to 50,000 customers, the software company said earlier this month. The announcement was made at the recent SME Business Summit but did not detail any geographic breakdown. (I attended the prior two Summits but this conflicted with the Intacct conference). SAP also said partners and customers can now run the B1 Cloud application, powered by its Hana platform, at SAP-run data centers.
Ameri100 and Lone Star Value Investors, which are bidding for Edgewater Technology, this week spelled out the timeline in talks between the companies. In documents filed with the SEC, the investor group outlined their approaches to the software company in what has become a hostile takeover attempt. The documents reports that Lone Star managing partner Jeff Eberwein had a telephone conversation with Edgewater CFO Timothy Oakes on June 11.
RSM (until recently known as McGladrey) has ballooned as a presence in the Dynamics AX market with the purchase of Junction Solutions. The deal adds $50 million to the $174 million in annual revenue reported by the accounting firm's IT consulting business. "This one really gives us a huge uplift in capacity," says Steve Ems, RSM principal and national business applications leader about the week's announcement of the purchase.
You have to give Sage CEO Steve Kelly a lot of credit for making things happen in his year on the job. And the change in the structure of the company's X3 program is striking, even if a lot of it has not been discussed publicly. But this year, there has been startling number of people in new positions—both new hires and promotions of Sage employees. There are "lots of changes and more coming including reorganizing the sales team, redefining roles, new roles, and aggressive growth aspirations," said one reseller, who did not wish to be quoted publicly.
The switch to the cloud and the emphasis on Sage X3 has cut into revenue of SWK Technologies. The reseller's parent, SilverSun Technologies, reported this week a sharp drop in product revenue and net income for the third quarter ended September 30. Net income for the most recently ended period was $16,464, down sharply from $248,165 a year ago. Revenue rose to $7.2 million, an increase of 18.3 percent from slightly more than $6.1 million in last year's corresponding period.