News
Wave Accounting Gets $12 Million E-mail
Written by The Progressive Accountant   
Thursday, 17 May 2012 01:06

wave logoWave Accounting has secured $12 million in funding for its efforts to develop the market for its online accounting applications. Based in Toronto, Wave said the funding round was led by The Social+Capital Partnership with participation from existing investors Charles River Ventures and OMERS Venture.

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NetSuite Signs GT, Deloitte, Frank Rimerman E-mail
Written by Bob Scott   
Tuesday, 15 May 2012 16:03

NetSuite is making strong inroads into the accounting community. At its SuiteWorld conference, underway this week in San Francisco, it announced three accounting firms and Sage's largest reseller as new additions to its channel.

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A Cloudy Year for Accounting Software E-mail
Written by The Progressive Accountant   
Tuesday, 15 May 2012 06:07

The technology press likes to declare something a "Year of ..." whatever the hottest trend is. But evidence is building that 2012 is going to be a big year for the sale of accounting applications that run on the web. Now, as is usually the case, there are usually a few big years once a new technology catches on.

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SmartPros Results Flat E-mail
Written by The Progressive Accountant   
Tuesday, 15 May 2012 05:20
smartpros Continuing education provider Smart Pros turned in results for its first quarter ended March 31 that showed both revenue and its net loss virtually unchanged from results in 2011. The company said lingering results from the recession and competitive factors kept a lid of its business.
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TaxAct Revs Up 9 Percent E-mail
Written by The Progressive Accountant   
Thursday, 10 May 2012 01:53

William Ruckelshaus, InfoSpaceTaxAct, the tax preparation software company purchased by InfoSpace, had pro forma revenue of $61.9 million a 9-percent increase from $56.8 million for the first quarter ended March 31. TaxAct, purchased on January 31 contributed only two months of actual results to its Bellevue, Wash.-based parent.

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