News

CBiz has approved a substantial hike in severance pay for CFO Ware H. Grove if he is terminated for any reason other than cause and if he were to voluntarily leave his job in the event of a change of control. The new agreement increases severance pay and benefits with the severance worth about $832,000.

GilmanCiocia says it needs additional capital to fund acquisitions and to repay nearly $4 million in debt this week. The company, which has financial planning and tax and accounting businesses, said that capital would be raised through private offerings, such as the one that brought in $500,000 this month. The information was contained in Gilman’s SEC filing for the first quarter ended September 30.

Maybe any company that’s still in the reselling business after the last two years should be categorized as a star. Because where once VARs were focusing on growth, the last two years has been more about surviving Although some have been some real stars that bucked the trend, this has been a period in which even good organizations took a big hit.

But first, it is necessary to define a VAR Star. In this case, candidates have a practice involving the sale of mid-market financial software. While most derive significant revenue from other sources, accounting software is the core to their business.

Go here to download the Bob Scott's Insights 2010 VAR Stars...

Sponsored by: