Stuart Blumenthal, former VP at Sage reseller ISM, has taken a job with RKL eSolutions. The move stemmed from the decision of Phoenix, Ariz.-ISM to sell its Sage 500 practice to Lancaster, Pa.-based RKL. BJ O'Reilly, CEO of ISM, noted "We wanted to focus on Sage 100 practice and X3 and we are selling NetSuite as well." He added Sage has not been committed to Sage 500 for some time while RKL had the resources to work with the application because it has done a lot of development work with that product.
After a courtship of several months, SWK Technologies of Livingston, N.J., has picked up Acumatica. Nice timing to coincide with Acumatica's funding announcement, but I suppose this was not necessarily deliberate. In any event, the reseller's CEO, Jeff Roth, was seen hanging around the Acumatica party at May during the NetSuite conference.
Cloud vendor Acumatica has raised $10 million in a third round of funding. The Kirkland, Wash.-based company says it wants to reach $1 billion in less than 10 years. I would think that its calling this an ambitious growth plan is conservative. The latest round was led by Runa Capital and Almaz Capital. CEO Yury Larichev said the new money would accelerate its work with the channel, along with supporting its product road map. Larichev dropped one very interesting point into the prepared statement, which was that, "We do not need more funding because we are already making money."
Exact is seeking to expand its channel growth. But given how independent the company's units are in the United Sates, it is difficult to pick out the corporate program versus what is happening in this country. In a recent third-quarter analyst call, CEO Erik van der Meijden said Exact is building new reseller programs. "We had a big increase in reseller channel revenue," he added. But that applies to the Business Solutions division, which does not operate here, while revenue from the U.S. manufacturing packages – Macola, Max, JobBoss – was off.