You may not have heard of Forterro. If you read the company's LinkedIn page, Forterro was founded in 2012. But that's not the complete story. Dig into the website's history page and you will find this tidbit: "December 2014: Forterro emerges as holding company for Jeeves, SolvAxis, and future M&A". So while Forterro may be three years old, its role shifted in December. Jeeves Information Systems is an ERP company based in Sweden that was acquired by investment firm Battery Ventures in June 2012.
Manufacturing software vendor QAD turned in its best fourth quarter and best year ever for the period ended December 31. Net income of $12.9 million for 2014 was double the prior year's earnings of $6.4 million. Revenue for the most recently ended year hit $295.1 million, an increase of 10.8 percent from $266.3 million. CEO Karl Lopker said QAD had five deals of more than $1 million in the fourth quarter, compared to one a year earlier and also added 10 cloud customers in 2014's final three months.
Danish reseller company Columbus managed a sharp increase in earnings on unchanged revenue for the year ended December 31. The net result for the year just ended was about $7.6 million, more than twice the total for 2013, while revenue was stagnant at roughly $126. The big problem last year was the United States business. North American revenue was down 14 percent to about $21.4 million. Headcount on the continent dropped to 119 for 2014 from 140.
There have been many signs of the move to the cloud by Dynamics resellers. Last year, there was Collins Computing moving to Acumatica; last month, Socius picking up NetSuite. There have been enough movement by readers of www.erpsoftwareblog.com that its publishers are coming out with a cloud blog next month. Editor and blog co-founder Anya Ciecierski said that the decision was based on the fact that so many Dynamics resellers have taken on non-Microsoft products.