Microsoft this week rolled out its Windows 8.1 Update. And the headline for the part of the press release that announces the changes says a lot about the issues the Windows 8 series has face: "easier to use, runs great on more devices." I suppose that's as opposed to not so easy to run and running OK on some devices. A big concession is the continuing acknowledgment that not everybody wants a touch screen interface. In the official words, "Key features of the update include user interface improvements for mouse and keyboard users, the ability to access the taskbar from any screen and pin Windows Store apps to the taskbar."
SWK Technologies has signed a letter of intent to acquire ESC Software, a Tempe, Ariz.-based reseller. Both companies sell Sage software and Acumatica. Founded in 2000, ESC is headed by Alan Hardy. The organization was originally part of the Clifton Gunderson Southwest Technology Group and spun off from that firm in 2004. SilverSun Technologies, parent of SWK, said the deal would add about $1.7 million to its annual revenue.
SilverSun Technologies, parent of Sage reseller, SWK Technologies, turned a profit of $322,548 for the year ended December 31, compared to a 2012 loss of just over $1.2 million. The bottom line benefited from a $120,000 income tax benefit. The company said this week that came as revenue rose 32 percent to $17.4 million in the most recently ended year, compared to $13.2 million for the prior year. SilverSun said sales of Sage's X3 system were largely responsible for the growth in software and consulting services last year.
Cloud accounting vendor Xero reported revenue of roughly $60 million for the year ended March 31, up 83 percent from fiscal 2003. The New Zealand-based company said annualized subscriptions are roughly about $77.7 million for fiscal 2015. The net loss for the second half is expected to be "similar" to the roughly $30 million in red ink for the first half of fiscal 2014. Growth in North America was sharply higher, but on a small base. There were 18,000 users on the continent at the end of the year, an increase of 200 percent from 6,000 last year.