Practice Development News

Accounting Technology,  January, 2006  

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COLUMBUS IT RESULTS UP

Columbus IT Partner, a Microsoft reseller based in Copenhagen, reported revenue of $69.6 million for the quarter ended March 30, up from $65.4 million a year earlier, while the company cut its loss to $1.7 million from $2.6 million in last year's corresponding period.

Columbus IT said results were strong in the United States, which is included in the Rest of the World segment, whose revenue hit $15.2 million, up from $8.2 million a year earlier. The region's EBITDA climbed to $2.4 million, up from $1.3 million a year ago.

EXACT ABSORBS INSPIRED

Exact Software has purchased Inspired Solutions, an Atlanta-based software reseller.

Inspired had 20 employees and revenue of $3.25 million in 2005. It also has offices in Charlotte and Raleigh, N.C., Birmingham, Ala., and St. Louis. Inspired's founder and CEO, P.J. Bain, will ...