![]() “This may be one of the few times that an acquisition works for all three parties: users, buyers and the acquired company,” says AMR Research analyst Kevin Prouty.Īgilisys will be an unfamiliar name to many. And it is a move that will be greeted with some relief by customers. Its December 2002 acquisition by US-based Agilisys, however, could revive those aspirations. That was despite having recorded revenues of €112.5 million in 2001 and gained a strong position in its home market of Germany. But those global expansion plans seemed to fizzle out in September 2002 when the company slipped into insolvency. The management of enterprise resource planning (ERP) software vendor Brain International once held lofty ambitions to do for mid-sized companies what SAP had undertaken at the world’s industrial giants. ![]() ![]() Gary Bloom, CEO at the cash-rich Silicon Valley company, has responded to that situation with two acquisitions that ought to help it to simultaneously expand the capabilities of its own technology, while helping it make inroads into fresh, While in the decade up to 2001, the company grew at a break-neck pace, stagnation has since set in as Veritas’ core storage management software market has reached saturation point. Just a casual glance at Veritas’ financial statements confirms the problem. ![]()
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