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Announcing the 2021 Top 100 VARS

Top 100 2021 thumbnailJust what kind of year has it been for the mid-market reselling community?

It depends. For some, it was very tough, but for others, it was the best year in their history as demand for cloud products drove business. If you were in segments such as hospitality and restaurants, it was very hard, if you were in ecommerce, things have never been better. Overall, it was a year of great change with the accelerated shift to the cloud from on-premise applications and the forced move to remote work which is producnglasting changes.

So click the button below to find out who made Bob Scott’s Top 100 VARs for 2021 and many of their thoughts about the last year and the future

 
   

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Xero Subscribers Rise 20 Percent

Cloud accounting software Xero reported subscriptions rose by 20 percent year-over-year for the year ended March 31. North American subscriptions rose by 18 percent with revenue on this continent up 2 percent—6 percent in constant currencies, the company reported this month.

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WK Buys Vanguard Software

 Wolters Kluwer Tax & Accounting is acquiring Vanguard Software for about $110 million in cash. Vanguard Predictive Planning applications uses artificial intelligence in a variety of areas of supply chain management.

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Divvy Buy Puts Bill.com in New Market

 Bill.com will enter the spend management market with the $2.5 billion purchase of Divvy. The payments software company said this week it has agreed to the deal as it announced results for the third quarter ended March 31.

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CCH Tagetik, TeamMate Growth Strong

 Wolters Kluwer this week said its CCH Tagetik and TeamMate experienced double-digit growth in the first quarter ended March 31. In its trading update this week, the company also said, “In Professional Tax & Accounting, organic growth was muted” because of the delayed start to the tax season.

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Thomson Tax/Accting: Good Quarter

Thomson Reuters Tax & Accounting Professional segment reporting a 17-percent increase in EBIDTA for the first quarter ended March 31 on a 3-percent increase in revenue. That growth was despite the extension of the tax deadline to May 15, which will shift revenue to the second quarter.

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Shareholders Reject Blucora Insurgents

Blucora shareholders rejected four dissident board of director candidates from investor Ancora Holdings this week. The company, which owns Avantax Wealth Management and TaxAct, said its 10 current member were re-elected by a wide margin although final vote totals were not immediately available.

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PEO Rev Drop Hurts Paychex 3Q

An 8-percent drop in revenue from its professional services organization revenues contributed a a 1-percent decline in revenue for Paychex for the third quarter ended February 28. Meanwhile, payroll services revenue was virtually unchanged.

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QB Cash Coming for Accountants

Intuit plans to make QuickBooks Cash available to accountants this spring. The software company this month that Cash is in a phased roll out to users of QuickBooks Online Accountant.

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Thomson Plans In-person Conference

Thomson Reuters is planning on holding its annual Synergy conference in Nashville, Tenn., in November. The company will offer both in-person and virtual options for the event.

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