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Former Microsoft Dynamics Channel Exec Joins NetSuite
Doug Kennedy, who managed channel operations for Microsoft's Dynamics applications business for more than seven years, is now at competitor cloud application vendor NetSuite, managing that company's relationships with systems integrators. Word of Kennedy's move to NetSuite comes as Microsoft undergoes a corporate restructuring that includes changes to the Dynamics organization, including putting its partner sales operations under the control of Chief Operating Officer Kevin Turner.

Xtrategit Opens Office in Miami
We are excited to announce that we have open our new office at the Wells Fargo Center in Downtown Miami. Our old office served us well leaving us with great memories; nonetheless we are very excited of the opportunities ahead. It has been an exciting 13 years for XTRATEGIT, and we look at this new location as the start of another chapter in our history. We're still working on getting settled in and adding artwork to the walls, but we're incredibly excited to be in the new space. Thanks for everyone's support through the years and with the move. Our main telephone number remains 787-622-7077.

Netsuite announces Record Q4 2014 Operating Cash Flow of $20.9 Million, 21% Growth over Prior Year
SAN MATEO, Calif.—January 29, 2015—NetSuite Inc. (NYSE: N), the industry's leading provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced operating results for its fourth quarter and fiscal year ended December 31, 2014. Total revenue for the fourth quarter of 2014 was $157.9 million, representing a 37% increase over the prior year. Total revenue for the year was $556.3 million, a year-over-year increase of 34%. Cash flow from operations was $20.9 million in the fourth quarter of 2014, an increase of $3.6 million, or 21%, over the same period last year. Cash flow from operations was $74.9 million for the year, an increase of $12.7 million, or 20%, over the prior year.

    Recent News
Selected by Xtrategit Staff

Microsoft writes off $7.6B, admits failure of Nokia acquisition
Microsoft today wrote off billions of dollars related to its Nokia acquisition, saying it's taking an "impairment charge" of $7.6 billion, or nearly the full amount it paid for the Finnish firm's smartphone business and patents last year. malware Emergency Flash Player updates fix for vulnerability used in widespread attacks Adobe Systems was forced to rush the release of a Flash Player update after an exploit for a previously READ NOW The announcement slapped the failure sticker on the last major move made by former CEO Steve Ballmer, who pushed for the Nokia deal in his final months in office against objections by, among others, Satya Nadella before he was elevated to the chief executive's chair. "It was a mistake to begin with," said Jack Gold, principal analyst at J. Gold Associates. "A monumental mistake. Microsoft had no business being in the cut-throat, low-margin phone business. Who's making money in phones besides Apple?"

Netsuite ready for SBR
Daniel James June 19, 2015
NetSuite has worked with SBR specialist GovReports to provide BAS lodgement through the new GovReports SuiteApp, which is fully integrated with the NetSuite software. Later in the year, GovReports SuiteApp will be able to extract payroll data from the Infinet Cloud Payroll SuiteApp to complete IAS and BAS reporting and lodgement. Since the ATO's old Electronic Lodgement Service (ELS) is being decommissioned in a year's time, businesses will need to switch to SBR for online lodgement. Mark Troselj, vice president and general manager for ANZ at NetSuite, said "we have partnered with the leading taxation reporting experts to introduce a fully integrated solution so our customers can securely, efficiently, and accurately report into the ATO and meet its compliance obligations. The GovReports SuiteApp will help our customers keep fully up-to-date with any changes to taxation reporting requirements in Australia, and is therefore a truly advantageous addition to our cloud platform."

FBI Director Says Encryption Poses Law Enforcement Challenge
CNBC July 09, 2015
Widespread digital encryption presents a massive challenge to law enforcement, FBI Director James Comey told lawmakers on Wednesday, urging Silicon Valley to come up with a solution. "Our job is to look at a haystack the size of this country to find needles that are increasingly invisible to us because of end-to-end encryption," Comey told the U.S. Senate Committee on the Judiciary. The U.S. government has been criticized by privacy advocates and tech firms for requesting a "back door" to access private user data on encrypted systems — a measure that could leave that same technology open to hackers.

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