News

Martin Mucci, PaychexOnline accounting software company Kashoo has received an equity investment from Paychex. The payroll services company made the announcement this week but did not reveal the size of the investment.

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GoDaddyWeb platform company GoDaddy has acquired Ronin, which marketed online invoicing applications. The acquisition was completed in April, but was not announced until this month. Since then, Ronin has been integrated into GoDaddy Online Bookkeeping. Terms were not disclosed.

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Nonprofit software vendor Blackbaud has created a program to enable users of its Raiser's Edge software to be certified. The Charleston, S.C.-based company has created a three-tier program to promote the professional development of those working with its fundraising application.

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Martin Mucci, PaychexPaychex turned in a solid performance for the first quarter ended July 31. The payroll services client reported a 6-percent rise in net income as overall revenue grew by 5 percent. Payroll service revenue increased by 2 percent with the faster-growing HR sector saw income up by 11 percent.

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