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Articles about Accounting Software

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Advanced Computer Software gulps down Computer Software Holdings

Advanced Computer Software Group has hoovered up accounting software outfit Computer Software Holdings from HgCapital LLP for £110m in an all-cash deal. The healthcare and biz management software and services firm added that the buyout of CSH was the company's biggest acquisition to date. “The business and many of the …
Team Register, 08 Mar 2013
The Register breaking news

Big in Brazil: Sage gobbles accountancy software firm

The Sage Group have bought a Brazilian accountancy software company, sweeping in an extra 4000 customers. The £10.6m buy-up of Empresa Brasileira de Sistemas (EBS) adds to a series of big company acquisition by Sage in the past months to strengthen Sage's dominant position in Brazil. Sage paid £10.6m (R$35.0m) for the …
Anna Leach, 24 Sep 2012
The Register breaking news

Accounting software gets better at languages

Businesses have become accustomed to software products like MS Office which can be switched between languages (although Word's US English can be stickier than a handful of superglue when you want to select another language). But when it comes to the financials modules in enterprise resource planning (ERP), the multi-lingual …
One of New Zealand Post's commemorative Hobbit coins

Kiwi 'ccountancy cloud collects colossal cash casket

New Zealand software-as-a-service (SaaS) accounting software Xero has announced an injection of $NZD180m in funding, much of it it from US-based venture capitalists. The new fund raising is earmarked to “support continued global growth”. Xero's already growing quite nicely, thank you very much, having won more than 211,000 …
Simon Sharwood, 13 Oct 2013
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Strategy-flinging No 10 civil servant Stephen Kelly turns Sage CEO

A top government civil servant is trading control of the nation’s IT for leadership of Sage Group, the giant accounting software firm that turns over £1.32bn a year. Stephen Kelly is stepping down as UK government chief operating officer to become chief executive of the accounting software firm in November. Kelly will succeed …
Gavin Clarke, 06 Aug 2014
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Coda wafts accounting software onto Salesforce.com's cloud

Veteran accounting software outfit Coda has made a jump into the cloud by pooling its online offering with Salesforce.com. The companies become joint owners of Financialforce.com. This will have headquarters in Silicon Valley and Yorkshire, and will encompass the existing Coda 2go operation, running on Salesforce.com's force.com …
Joe Fay, 30 Sep 2009

Sage 50 activation blackout: Shops sent back to paper age

New and existing retail customers of the Sage 50 online accounting service were left in the lurch following a “massive” server outage last week. Shops installing new versions of the Sage 50 accounts software or upgrading their existing accounts were unable to register their serial numbers or activation keys for the new systems …
Gavin Clarke, 02 Sep 2013
The Register breaking news

Xero gets $NZ60m to account for

Kiwi tech entrepreneur Rod Drury’s accounting software company Xero has attracted a further $NZ60m from existing backers Matrix Capital and Peter Thiel’s Valar Ventures. The new cash is the third round of investment from the SaaS accounting outfit's US supporters and will go towards further expanding service, support and global …
Two teenage girls - one whispering in other's ear

Rest of world can now get hold of IBM's secret China-only storage tech

IBM's latest storage release has so many bullet point items it's like a machine-gun burst. Big Blue is announcing nine new and updated storage products: Among them is a mid-range Storwize array, the V5000, which was made available solely for the Chinese geography back in July. Storwize v7.2 software XIV v11.4 SmartCloud …
Chris Mellor, 10 Oct 2013
The Register breaking news

ATO to refresh developer website

The Australian Taxation Office (ATO)needs help with open source software. In a new tender, the agency reveals that its website for software developers is built on Drupal 5.7, MySQL 5.077 and Apache. The developers' site is very important as it provides information accounting software developers require to ensure their products …
Simon Sharwood, 04 Apr 2012

MYOB users didn't want no steenking cloud

Australian accounting software vendor MYOB* has released the newest version of its much-used small business bean-counting app. Sage fancied MYOB last year, but was beaten to an acquisition by Mitt Romney's old outfit, Bain Capital. The new release, AccountRight Live, lets users run their accounts on a PC or in the cloud. Or …
Simon Sharwood, 24 Oct 2012
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New table-munching worm ravages Iranian biz databases

A new strain of malware is thrashing corporate databases in the Middle East, claiming the vast majority of its victims in Iran. Narilam is "causing chaos" by targeting and modifying corporate databases, according to Symantec. The worm spreads through removable drives and network shares. Network worms are relatively commonplace …
John Leyden, 26 Nov 2012

Sage: Where's this double-dip disaster everyone's crying over?

Sage revealed the fragility of the Eurozone economy continues to give management sleepless nights as the recovery it touted didn't show up. Back home in Blighty, though, growth was described as good. The UK-based accounting software biz pushed up sales two per cent to £661.2m in the six months to 31 March. Pre-tax profits …
Paul Kunert, 16 Jul 2012
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Microsoft stuffs Sage with free accounts software

Microsoft today blew a raspberry in the face of rival Sage with the launch of its own UK accounting software punted at SMBs (small and medium-sized businesses). Redmond has also adopted a biz model not typically associated with the software King Kong, with a basic version of its Office Accounting 2008 product being made …
Kelly Fiveash, 15 Nov 2007
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HMRC sets out standards for VAT software

HM Revenue and Customs (HMRC) has launched new guidelines for businesses wanting to use technology to file their VAT returns that it reckons could reduce errors in VAT reporting by as much as 25 per cent. The guidelines, published under the funky-sounding title "Publicly Available Specification 76", or PAS 76 - VAT for short, …
Lucy Sherriff, 10 Jul 2006
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UK recession rattles Sage's cage as revenue growth flattens

The Sage Group is keeping close tabs on the UK economy amid fears of the "exposed risk of a renewed recession". The mid-market British accounting software maker hit out after posting first half revenues of £661.2m, up 2 per cent for the period ended 31 March excluding results of the disposed US healthcare biz. Sales included a …
Paul Kunert, 09 May 2012
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Sage leads bidding for Mind Your Own Business

Sage has been declared preferred bidder for Aussie small biz and accounts firm MYOB. The Geordie firm is bidding A$1.3bn (£823m), which tops offers from Bain Capital and Kohlberg, Kravis Roberts and Co. The two private equity/asset stripper firms were stymied by the downturn in debt markets in recent weeks. The offer is a …
John Oates, 18 Aug 2011
The Register breaking news

Reckon dumps Intuit for local strategy

ASX listed accounting software company Reckon has severed ties with US-based Quickbooks supplier Intuit, following a falling out over strategic direction and hosting priorities. Reckon and Intuit secured an alliance in 2010 for the marketing and distribution of Intuit’s range of desktop products which included a termination …
The Register breaking news

Sage sued for pulling out too soon

British accounting software firm Sage is being sued for pulling out of a deal to buy Australia's MYOB in August. The former owner of Mind Your Own Business (MYOB), Archer Capital, is now taking Sage to court after the talks between the two companies fell apart, Sage admitted in an LSE filing today. Sage was all fired up and …
Collective intelligence cost-cutting: first cut where?

My name is Trevor, and I'm ... an IT consultant

For years I worked as a sysadmin, as addicted to late night security patch updates as I was to bad coffee and long hours. One day I woke and decided enough was enough. It was time to get clean and become an IT consultant. This is my story. While the barriers to setting up your own IT consultancy vary from jurisdiction to …
Trevor Pott, 05 Nov 2012
The Register breaking news

Sage stuffed in Mind Your Own Business bid

Geordie small biz provider Sage has been beaten in the battle over Australian accounts provider MYOB even though it was offering more for the firm. Sage was offering A$1.3bn and was supposedly the preferred bidder. But fears over its not being able to gain shareholder approval tipped the balance to favour Bain Capital. The buy …
John Oates, 22 Aug 2011

'I still get on the phone for a $5k deal' - NetSuite CEO's anti-SAP mission

California-based Salesforce has been an unstoppable force in Software as a Service (SaaS) for 14 years. It pulled in $3.05bn in revenue last year, and just booted rival enterprise tech maker SAP from its slot as the world's number-one customer relationship management software (CRM) company. But there’s another SaaS company that …
Gavin Clarke, 01 May 2013
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Jumbo quits on Manaccom

On 30 January, listed online lottery operator Jumbo Interactive announced to the Australian Stock Exchange that it had appointed Delloite as administrator of its software distribution subsidiary Manaccom Pty Ltd. The company that created the OzLotteries Website pulled the plug on the disto after mounting trading losses, which …
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Microsoft smothers Sage and Intuit challenger

Microsoft's Office Accounting software, used to challenge Sage and Intuit, has become the latest victim of corporate cuts. The package will no longer be distributed after November 16, Microsoft said Friday. Versions of the product affected are the Express, Standard, Professional, Professional Plus, three-user and Small Business …
Gavin Clarke, 30 Oct 2009

Oracle, SAP under attack: How cloud upstarts steal their lunch

After more than 20 years coining it, the Goliaths of the lucrative enterprise software world are about to meet their Davids: nimble rivals touting technology at a sensible price. And as we shall see, with customers jumping on cheaper services, ultimately the giants could be destroyed by their reliance on expensive support …
Gavin Clarke, 07 May 2013

Rackspace: Why we're designing our own cloud servers

Any cloud computing provider that wants to operate at scale and compete against its peers is under pressure to build some kind of custom hardware. It may, in fact, be necessary to compete at all. That is what Rackspace, which is making the transition from website hosting to cloud systems, believes. And that's why the San Antonio …
The Register breaking news

Southwest One made overpayments of £4.6m

A software glitch has led Somerset county council to make overpayments of £3.7m, the authority has confirmed. It was part of a problem affecting Southwest One, the shared service in which the council is involved, resulting from the introduction of a new SAP software system two years ago. Delays with the automated system led to …
Gavel

Software developer sues to muzzle website users

An Australian accounting software developer blames a "severe downturn in sales" on people who bad-mouthed its products in online user forums. It wants a judge to muzzle their comments. The company, 2Clix Australia Pty. Ltd, is also seeking about $125,000 in damages from the operator of the website which hosted the forums. …
Dan Goodin, 12 Sep 2007
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Sage strikes subdued note in near term forecast

Sage software issued a subdued forecast this morning, as it unveiled full year results which showed underlying revenues slipped 4 per cent in the year to September 30. The accounting software firm turned in revenues of £1.44bn for the year, up 11 per cent on the year. Pretax profits were £267.4m, also up 11 per cent. However, …
Joe Fay, 02 Dec 2009
The Register breaking news

Misys sells TIS Software in MBO

TIS Software has been bought from Misys by a consortium consisting of five of its directors, backed by a venture capital firm. The management buy-out was led by TIS managing director Peter Lusty. Although terms were not discussed in an official release put out today, according to industry analyst Richard Holway, the deal is …
Sean Fleming, 08 Mar 1999
The Register breaking news

Accounting for Sage's move on Tetra

Accounting software is a market that is often forgotten in the PC business. But it shouldn't be. It's very important to many dealers. So the proposed acquisition of Tetra by Sage is a significant event. But will this acquisition finally give Sage what it has always coveted - the prized jewel of the mid-range market. It remains …
Simon Meredith, 08 Mar 1999
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Unisys lands $187m Pentagon mainframe deal

Mainframe maker Unisys wants a little good news ahead of reporting its fourth quarter 2009, and the US Department of Defense was happy to oblige. The Defense Information Systems Agency, the IT arm of the Pentagon, today inked a deal to shell out $187m to provide managed services for DISA's ClearPath mainframes. The Pentagon is …
For Sale sign detail

Sage turns in solid '08, cautious on future

Sage had to restrain itself from sounding too optimistic today as it announced full year results that showed revenues and profits up on the year. The Newcastle-based accounting software vendor said it had produced solid results in a "difficult" market, and while remaining cautious, ventured that it would "weather these turbulent …
Joe Fay, 03 Dec 2008
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TSG makes another buy

Technology Services Group (TSG) has bought another reseller - PJ Howlett Business Systems based in Preston. PJ Howlett's former managing director, Peter Howlett, and ten other staff will join TSG North West but keep working from the same office. PJ Howletts has operated since 1979 selling to small and medium businesses. It …
John Oates, 11 Jul 2005
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Sage holds line on Q1 trading

Accounting software maker Sage Group said today it remains on target to hit market expectations, but admitted that organic growth looks set to slow for the year ahead. The Newcastle-based firm, which punts much of its financial software at the small and medium-sized (SME) market where Microsoft has recently started flexing its …
Kelly Fiveash, 04 Feb 2008
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Sage buys Spanish biz for £55m

Sage is buying Logic Control, a Spanish accounting software vendor, for £55m in cash. Logic Control has 20,000 customers and takes Sage's Spanish operations into bigger businesses. Logic Control also develops software for accountants. The company had revenues of £28.2m and an operating profit of £20.6m for the year to 31 …
Team Register, 23 Jun 2005
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CRM, The Credit Crunch, and you

So the first white paper to tackle The Recession tips up in the Reg Library. As with all vendor-produced papers – this one is from Sage - there is an underlying pitch. To whit: small and medium-sized companies should invest in CRM systems (and hopefully Sage's CRM technology), even as they cut costs. Cost reductions are not …
Team Register, 24 Feb 2009
hands waving dollar bills in the air

Selling Apples to Japan: Complicated as a Nipponese typewriter

I'm an artist who's always been fascinated by computers - ever since junior high math club. My first computer was a plastic toy cogwork Turing machine called the DigiComp 1. I ran a mailing list on punchcards for the school newspaper. I used a PLATO IV - a PC before the era of microprocessors, whose storage ran on compressed …
Charles Eicher, 02 Dec 2010
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Microsoft paints underachieving MBS range as Dynamics

Microsoft is putting a little pizzazz into its business solutions (MBS) range - a line that's missed key product delivery dates and revenue expectations. The diverse enterprise resource planning (ERP) and customer relationship management (CRM) line has been unified under the "Dynamics" brand. Microsoft CRM becomes Microsoft …
Gavin Clarke, 07 Sep 2005
The Register breaking news

Intuit UK kills Quicken and TaxCalc

Intuit UK is canning its popular accounting software Quicken and TaxCalc. A letter sent to Quicken customers warns that the product will not be on sale after the end of this month. Intuit UK will continue to offer telephone support until the end of January next year. A final UK version of Quicken is included with the letter, …
John Oates, 17 Jan 2005
homeless man with sign

BDE plans more Sage acquisitions

Mid-market Sage reseller BDE Group has lined up a credit line for more acquisitions in 2005, with an anticipated budget of £5m. The plans will effectively double its acquisition spending after it spent £5m on two takeovers in the last 18 months: Apex, an SME Sage reseller, in December and Object Group, a mid-market Sage …
Mark Ballard, 09 Jan 2006
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Sage upbeat on trading

Sage today said it will meet market expectations for the financial year to September 30. In a trading update, the company said revenues were up 14 per cent on last year to £777m and pre-tax profits were up 13 per cent to £204m. The accounting software giant will publish a full set of results on 30 November. Sunny as this may …
Team Register, 18 Oct 2005
The Register breaking news

Sage acquires US outfits

Sage is bulking up its US portfolio of software for SMEs with the acquisition of Micro Information Products. MIPs makes fund-accounting software for non-profit and government organisations, and the acquisition takes Sage into these market sectors for the first time in the US. ®
Drew Cullen, 26 Sep 2001
The Register breaking news

Start-up ISP in launch shocker

It's an at best courageous move to set up a new ISP in the current market climate of commoditisation, consolidation, and titsuppery. Step forward Jungle247, which is pitching itself into the bearpit from both a small business and consumer angle. The firm is headed by Hugh Logan, the former MD of Your Communications, which was …
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Sage clocks £1.16bn revenues

UK accounting software giant Sage Group PLC said today that revenues for the year were up 30 per cent, buoyed by a number of key acquisitions. However, the firm also fired off a warning about its underperforming North American unit. The Newcastle-based company reported group revenues of £1.16bn for the year ended 30 September …
Kelly Fiveash, 28 Nov 2007
For Sale sign detail

TSG buys Yorks dealer

Technology Services Group Ltd (TSG) has bought another company, this time Agenda Business Systems, a Pegasus accounting software specialist based in Barnsley. The reseller group gains 150 small and medium-sized business customers, which it will seek to convert to its wider range of IT services. TSG now has 100 employees in …
Team Register, 27 Apr 2005
The Register breaking news

Sage sales, profits up

Sage, the UK's most successful software firm, has hit the numbers with full year profits up six per cent to £89.1m on revenue up 14 per cent to £557m. This was not quite good enough for the market, which was expecting something a little more sparkling. Shares fell 9 per cent in morning trading. There is a big question mark over …
Drew Cullen, 03 Dec 2002
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IBM goes live with Smart Cube appliance server

After nearly two years of development and more than six months of a beta spin in India - where there are some 35 million small and medium businesses that are looking to computerize their operations - IBM has finally brought its Smart Cube appliance servers and the related application software Smart Market to the United States. …
The Register breaking news

Sage buys ACCPAC for $110m

Sage is to buy ACCPAC, the accounting software arm of CA, for $110m. The Newcastle, UK vendor said its new acquisition will help its US subsidiary, Best Software, grow SME market share in North America, Australia and South Africa. ACCPAC brings to the party 600 employees, 540,000 customers and 7,000 dealers worldwide. According …
Drew Cullen, 02 Jan 2004
The Register breaking news

Little Sage beats Big Sage in US courts

Oops! Sage, the accounting software giant, has got a bit of branding trouble on its hands: a US court ruled that it has infringed the trademark of a Dallas-based software business. Sage must stop using the word 'Sage' as a business mark from the beginning of next year. A seven man jury decided that Sage's had not wilfully …
Team Register, 04 Jun 2001