Compuware sells application testing software line to Britain's Micro Focus for $80MMay 6th, 2009 Compuware sells software line to British companyDETROIT — Business software and services provider Compuware Corp. says it's selling an applications testing software line to Britain's Micro Focus International PLC for $80 million.
Compuware CEO Karmanos sees compensation dip 29 percent in 2009 to $4.2 million: AP tallyJune 5th, 2009 AP: Compuware CEO Karmanos compensation dips
NEW YORK — Mainframe software maker Compuware Corp.'s chief executive, Peter Karmanos Jr., was awarded compensation for fiscal 2009 valued at $4.2 million, down 29 percent from a year earlier, according to an Association Press calculation. Karmanos, 66, received a salary of $1.2 million, up from $1.05 million a year earlier.
Ebix acquires software maker E-Z Data for $50.3 million in cash and stockOctober 1st, 2009 Ebix acquires E-Z Data for $50.3 millionATLANTA — Software supplier Ebix Inc. said Thursday that it acquired software maker E-Z Data Inc.
Business software provider QAD's 2nd-quarter loss essentially flat, revenue down 26 percentAugust 25th, 2009 QAD reports flat 2Q loss, sees small 3Q profitSANTA BARBARA, Calif. — Business software provider QAD Inc.
Twitter Denies Facebook on A $500 Million Takeover!November 25th, 2008 Facebook offered to buy Twitter for $500 million of overvalued Facebook stock, Kara Swisher says. Twitter rejected the offer for several reasons:
And they can be,
At Facebook's real valuation, $5 billion or so, the offer only amounted to $150 million (not bad for two-year old company with no revenue, but a far cry from the billion-dollar dream)
Twitter has high hopes for its own secret revenue model which will be announced next year.
VMware to buy SpringSource for $362 million, assume $58 million in unvested stock and optionsAugust 11th, 2009 VMware to buy SpringSource for $362 millionPALO ALTO, Calif. —VMware Inc., which makes software that allows business servers to run multiple operating systems simultaneously, said Monday it is acquiring SpringSource for $362 million in cash and stock.
Facebook says it brought in more money than it spent in 2nd qtr, ahead of 2010 goalSeptember 15th, 2009 Facebook says it passed key financial milestoneSAN FRANCISCO — Facebook Inc. said Tuesday it achieved an important financial milestone, bringing in more money than it spent in the last quarter.
Quest Software 2nd-quarter profit more than doubles to tops Wall Street estimatesAugust 11th, 2009 Quest Software's 2Q results beat expectationsALISO VIEJO, Calif. —Quest Software Inc.
Nasdaq's second-quarter profit drops, hurt by charge tied to asset sale, currency translationAugust 6th, 2009 Nasdaq OMX Group's 2Q profit falls 31 percentNEW YORK — Nasdaq OMX Group Inc. said Thursday its second-quarter profit fell 31 percent amid losses tied to foreign currency translation and a charge from selling its stake in Orc Software.
EBay Skype to sell stake in Skype for $1.9 billion in cashSeptember 1st, 2009 EBay Skype to sell stake in SkypeSAN JOSE, Calif. — EBay Inc.
Facebook brought in more money than it spent in previous quarter, ahead of 2010 goalSeptember 15th, 2009 Facebook says it's bringing in more than it spendsSAN FRANCISCO — Facebook says it is now bringing in more money than it is spending. The social networking site had previously said it expected to achieve this goal sometime next year.
Publicis to buy Microsoft's Razorfish in a deal valued at more than $500 millionAugust 9th, 2009 Publicis to buy Microsoft's RazorfishNEW YORK —French advertising company Publicis Groupe SA has agreed to buy Microsoft Corp.'s digital advertising firm Razorfish as part of an effort to boost its share of advertising on the Web, according to a joint statement released Sunday. The companies value the deal at $530 million in a combination of cash and 6.5 million Pubicis Groupe treasury shares.
Germany's Software AG offers €15 in cash for each remaining IDS Scheer shareAugust 17th, 2009 Software AG offers to buy remaining Scheer sharesFRANKFURT — Germany's Software AG said Monday it was offering euro15 ($21.15) a share in cash for all the outstanding stock of fellow software company IDS Scheer AG after announcing in July it intended to acquire the company. Darmstadt-based Software AG said in a statement the offer would start Monday and run until September 18.
Wipro to acquire Citigroup's Indian IT subsidiaryDecember 22nd, 2008 BANGALORE - India's second largest IT bellwether Wipro Technologies Tuesday announced acquisition of Citi Technology Services, the India-based captive provider of IT services and solutions to Citigroup entities worldwide, for $127 million in an all-cash deal. As part of the deal, Wipro and Citi will sign a Master Services Agreement for delivery of technology infrastructure services and application development and maintenance services for six years, which is projected to accrue $500 million during the contract.
Facebook's Farmville set to become most popular applicationSeptember 5th, 2009 LONDON - Facebook's free online game Farmville, which allows users to run their own virtual farm, is set to become the most popular application on the social networking site. Farmville, which allows Facebook members to plant, grow, and harvest virtual crops, trees, raise livestock, invest in farm equipment and sell their produce for profit, has become very popular ever since it was launched on June 19.