FinancialForce.com has opened an office in downtown Chicago, Ill., joining the San Francisco, Calif., company headquarters as its sites in the United States. The company expects there will be 40 employees in the new location by the end of 2015 and that it will become a major U.S. hub supporting functions from sales to marketing and consulting. The press release announcing the opening said the site would be important for supporting the customer base. The company, which received $110 million in funding in March, expects to employ 700 people by year's end.
Crestwood Associates, a Mount Prospect, Ill.-based Dynamics and Acumatica reseller, has acquired Oak Park, Ill.-based Visions Business Solutions. VBS, which has 10 employees, carries Sage 500, Acumatica and Greentree ERP (a line I must admit to not having heard of). Crestwood was No. 47 on Bob Scott's Top 100 VARs for 2015 with $10.2 million in revenue and a staff of 48. John Gabrys and Joel McDonnell, owners of VBS, join Crestwood as directors. Gabrys, now director of sales, has been a partner at VBS/ERP Visions since August 1984 and a director since January 2002.
In its first report since going public again, Australian software company MYOB saw 65-percent growth in cloud subscriptions over the last year. MYOB made the statement in reporting results for its first half ended June 30. The company lost $46.2 million, a rise of 112.9 percent from the red ink for last year's corresponding period. Revenue for the most recently ended period was $114.3 million, an increase of 14.2 percent from a year earlier. MYOB pointed to important product introductions that included MYOB Advanced—which is Acumatica.
Channel head Richard Duffy is leaving his position at Acumatica to return to Australia. Acumatica cited family reasons for Duffy's decision to leave the cloud software company, which he joined in April 2014 as VP of partner strategy and enablement, and product evangelist. He is being replaced by Ali Jani, who has served as VP product management and services since 2010. Jani's new title is VP of partner strategy, enablement and services, effective immediately.