Online financial software vendor Intacct has named its President's Club for 2015. The list includes Radius, the San Jose, Calif.-based vendor's Accountants Program Partner of the Year for the second straight year and accounting firm, Armanino, the VAR Partner of the Year for 2014, also its second consecutive appearance in that role. Other organizations honored for performance were AcctTwo, Arxis Technology, Cargas, CliftonLarsonAllen, Frank, Rimerman + Co., JMT Consulting, Kianoff & Associates, LBMC Technology Solutions, Leap the Pond, Massey Consulting and McGladrey McGladrey.
Infor plans to by GT Nexus, which was described as the world's largest cloud-based global commerce platform, for $675 million. Infor says the target has about 25,000 customers, including six of the top ten logistics service providers and 30 global financial institutions. Infor has acquired many companies over the years—this is the largest deal since it acquired Lawson for about $2 billion in 2011. GT Nexus had revenue of about $133.2 million in revenue for the year ended Dec. 31, 2014 and about $10 million in adjusted EBITDA. Infor expects to save about $8.7 million through cost cutting.
KeyedIn Solutions has introduced a new version of KeyedIn Projects Mobile, a companion to the company's KeyedIn Projects cloud-based software. The mobile app enables managers to access project status, drill-down into analytics to review and approve expenses. Features include the ability to photograph receipts and submit them with expense reports, select widgets to view program and project status and drill-down into project analytics.
Not much detail is available but Reckon One, the low-cost cloud product from Australia-based Reckon has been introduced into the United States. The PDF of the investor presentation for results for the company's first half ended June 30 has a simple bullet point "Reckon One launched into USA /Canada next target." No other details were shown. In a prepared statement, Reckon CEO Clive Rabie said the company has "made significant inroads into making Reckon One a contender in the online accounting software space." The company has introduced the online application into the United Kingdom, which it notes is a larger market than Australia and New Zealand has operated.