Timely Industry Mid-Market Updates
Welcome to SMBVIEW - your source for updates on what's happening in the mid-market with a focus on issues concerning ERP consultants.
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Here's This Week's News
Quick Headlines of Note
- Net at Work Acquires Sage Practice of Eide Bailly (Net at Work)
- LinkedIn Adds Verified Emails, Profile Creation Dates (Krebs)
- Oracle Reportedly Lays Off Cloud Employees (CRN)
Net at Work Acquires Eide Bailly's Sage Practice
I've been hearing Eide Bailly was exiting the Sage market since last month. The only semi-mystery was who they would sell their Sage practice to.
Since Eide Bailly is a CPA firm and they had a Sage 500 practice that means that the acquirer most likely would not be a CPA firm ( or related ) - sorry RKL. And that anyone acquiring the practice would need to also support Sage 500.
Now we know from today's press release that the acquirer was Net at Work. No details on how much money traded hands. Since Sage 100 and 500 are both legacy products with limited R&D expenditures by the publisher it's possible this was a low money / percentage of future revenue type deal.
Net At Work Acquires Sage 100 and Sage 500 Practice of Eide Bailly
Sage NA CFO Judy Romano Clocks Out After a Year
Linkedin shows that Judy Romano ( Linkedin ) who was CFO for Sage North America for a little over a year has moved along and joined Gartner as Vice President, Executive Partner CFO Practice.
Romano was notable in her role for lengthy detailed and well written Linkedin posts she made documenting many of their activities at Sage. These posts trickled off in the past few months leading me to wonder if she had left Sage. No word on who her replacement is ( at last none that I could find on Linkedin).
Sage Group Reports Q4 and Full Year Earnings November 16, 2022
One of the best ways to learn about Sage's strategy is to listen to their earning's call. The next call is November 16, 2022 when the company is scheduled to unveil their Q4 and FYE 22 earnings. Aside from the typically dry earnings reveal these calls also feature question and answers from financial analysts. This can sometimes be a great source of information about future planned activities. To register for the upcoming November 16, 2022 call please visit Sage Investor Center.
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Wayne Schulz
Web: SMBVIEW.COM
Cell: 860-516-8990
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