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Finance

Financial information and management tips for VARs, managed services providers (MSPs), cloud services providers (CSPs), IT service providers and channel-friendly technology companies.

IBM Launches Cloud for Financial Services

IBM Cloud for Financial Services helps accelerate cloud adoption for financial services clients and reduce risk for financial institutions.

Atos Accounting Errors: Audit Triggers U.S. IT Services Revenue Concerns

Atos audit triggers U.S. revenue & accounting questions. Global IT consulting, MSP & MSSP service provider vows to enhance financial controls.

SBA PPP Small Business Loans: Second PPP Funding Round for SMBs

Small Business Administration PPP (Paycheck Protection Program) loans round two information: New SBA PPP loan application deadline, terms, calculator, Intuit Quickbooks help & more.

N-able Spin-Off: 10 Financial Details From SEC Filing

In SEC filing, SolarWinds reveals N-able ($NABL) revenues, EBITDA, net income, estimated total addressable MSP market & more amid N-able spin-off plan.

UiPath IPO: 10 RPA Takeaways From S-1 SEC Filing

UiPath IPO S-1 form filing with SEC reveals robotic process automation (RPA) software company’s revenue, net loss, growth & channel partner details.

FinTech Acquisition: Portfolio BI Buys AWS, Azure Cloud MSP Hentsū

FinTech solutions provider Portfolio BI (PBI) acquires Hentsū, which provides managed services for AWS & Microsoft Azure cloud platforms.

Rackspace SEC Filing Triggers MSP Takeover Speculation

Rackspace ($RXT) board approves change in control executive plan, sparking speculation Top 250 Public Cloud MSP may be an acquisition target.

Private Equity and Record Buyout Valuations: Cause for Concern?

Private equity firms now pay 13.2X annual EBITDA valuations to buy businesses, up from 8X EBITDA in 2004. Can those M&A valuations hold up?

Datto Earnings Tout MSP Partner Growth

Datto now serves over 17,000 MSPs, a 400-MSP increase from 2019. CEO Tim Weller points to growing subscription revenues & MSP security opportunities.

Fry’s Closes: 31 Computer and Electronics Stores Shut Down

Fry’s Electronics closes all retail stores. Big box PC & electronics store chain shutters amid pressure from covid-19, Amazon.com & Best Buy.