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SmartVault Parent to Spin Off Document Biz

SmartVault Parent to Spin Off Document B…

Australian software company Reckon, which bought SmartVault in January 2016, wants to spin off its document management business. The new company would be responsible for both SmartVault and Reckon's previous...

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Clive Rabie, ReckonAustralian software company Reckon, which bought SmartVault in January 2016, wants to spin off its document management business. The new company would be responsible for both SmartVault and Reckon's previous document management line, Virtual Cabinet. The products represent about 15 percent of Reckon's annual revenue.

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Raj Sabhlok, ZohoZoho, better known for its CRM applications, has added an administrative panel to its applications with the launch of its suite, Zoho Financials Plus. The cloud suite, whose elements utilize a common database, is designed for use by individual free-lancers and for companies with about 200 employees.

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Peter Stam, AccuFund Nonprofit software vendor AccuFund has scheduled its first national user conference. The AccuFund Summit for Nonprofits & Government, Ascending to New Heights, will be held from October 23 through October 25 in Centennial, Colo. Users will be able to select session from three tracks: reporting, application and technology.

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Kurt Avarell, Canopy Canopy, which markets practice management applications, has raised $20 million in Series B financing. The latest round brings the total funding raised by the Lehi, Utah-based company to $30 million.

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Ian Rhind, Wolters KluwerWolters Kluwer has reached an agreement to acquire Tagetik for about $317 million in cash. When the deal is complete, Wolters Kluwer will bring Tagetik together with its corporate products, including TeamMate, in a new unit, Corporate Performance Solutions.

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