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) NetSuite delivers first ERP-based SaaS suite for the Japanese market
NetSuite enables Six Apart's TypePad, Movable Type, and VOX blogging businesses to have one suite of business accounting software, including financials and revenue recognition, without requiring a large accounting staff or expensive on-premise business software. After acquiring a subsidiary in France and creating one in Japan, Six Apart found itself needing to invoice its customers in euros and yen as QuickBooks was unable to perform this function across different locations and multiple currencies. NetSuite OneWorld has enabled Six Apart to consolidate its three instances of NetSuite into a single, unified view, giving the company's Chief Financial Officer the ability to view financials in local currency (for each individual entity), as well as the ability to run financial reports in a consolidated, multi-currency ERP / accounting software system. More>> - (
) Going Virtual? Stay True to Software Licensing Rules
For example, one may choose to isolate a CRM system from an accounting program because they have vastly different system requirements. Furthermore, if one application causes issues with a shared system (a SQL server, for example), the other application won't be negatively impacted. Yet another advantage of virtual servers is that if one malfunctions, it's not necessary to re-install a new one—you can simply bring up another virtual server.Software virtualization, on the other hand, is quite different. It includes such subcategories as application virtualization, desktop virtualization, network virtualization, storage virtualization and more. The common element within these subcategories is the pooling of information at a central source and its distribution to other sources as needed, effectively conserving resources, memory and bandwidth. More>>
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) VAT hits 18.5%, or does it?
The biggest part of the bill is in accounting software changes.With a simple accounting system, that could cost you a tenner, but the more complex variety may require £500 of patches and fiddling with the IT, with a bill to business of £70m this year and £45m next year.
With a modest bit of rounding up and down, the total cost hits £300m.
If the Treasury changes its mind on that 18.5% idea - deciding it may have been necessary after all - at least businesses will be better prepared, and the changes should be cheaper next time.
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) KIT digital Reports Third Quarter 2008 Results
Even after accounting for an additional 20%+ strengthening of the U.S. dollar since September 30, 2008 versus the Czech koruna, the Australian dollar and other currencies in which KIT digital does business, consolidated fourth quarter 2008 revenues are estimated to be at least $8.5 million. In the absence of the strong U.S. dollar, management estimates that fourth quarter 2008 revenues would have been more than $10 million.Management Commentary
"The third quarter represented substantial progress across the board," said Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital. "Despite the generally slow Summer period, a faltering economy, a strong U.S. dollar and the ongoing rationalization of acquired assets, we grew our underlying business on a local currency basis versus a banner second quarter, and ended the third quarter with a September monthly operating EBITDA loss of approximately $195,000 -- versus well over $2 million of monthly burn at the beginning of the year. More>>
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) Online backup services gain traction
Whitehouse explains that online data-protection services help companies avoid hardware and software purchases, and often the fee for such services comes out of the operational budget. "It’s a more palatable option," she says.According to a pair of recent surveys conducted by ESG, medium-sized businesses—as well as the channel—are gravitating toward using Software-as-a-Service (SaaS) offerings.
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) Former CEO of Entellium Pleads Guilty to Wire Fraud
Paul Johnston, the co-founder and former chief executive of bankrupt software maker Entellium Corp., on Thursday pleaded guilty to one count of wire fraud. Sentencing, set for March 13, will likely result in a prison term of between 3 1/2 and 4 1/4 years, and a fine of up to $250,000, said a federal official. Johnston's co-defendant, former Entellium Chief Financial Officer Parrish Jones, is expected to enter a guilty plea Wednesday and to be sentenced at the same time as Johnston, said Assistant U.S. Attorney Carl Blackstone. In a related development, the privately held company that the two men allegedly defrauded could be sold Friday to software maker Intuit of Mountain View, Calif., for a fraction of its former value. Johnston and Jones, who resigned Sept. 30, were arrested in October and accused of inflating Entellium's revenue figures to entice investors to sink millions into it. More>>