Sparxent bullish on M&A

Posted by on June 30, 2009

-by Thomas Rasmussen, Jay Lyman As indicated in the results of our recent corporate development survey, companies once again have an M&A appetite. Some firms even need a second helping of deals. That’s the case with Salt Lake City, Utah-based Sparxent. The IT services vendor wrapped up three acquisitions recently and says it is hungry [...]

Imaging an alternative exit for LogMeIn

Posted by on June 30, 2009

Contact: Brenon Daly With LogMeIn set to price its IPO later today, the next ‘buyer’ of the company will be public market investors. The on-demand vendor will sell 6.7 million shares in an offering that’s being led by JPMorgan Chase and Barclays Capital. LogMeIn set an initial range of $14-16 per share, implying a market [...]

June gloom

Posted by on June 26, 2009

Contact: Brenon Daly Whether or not the rebound got ahead of itself, the market has certainly tightened up this month. And no, we’re not talking about the equity market. (Although the sentiment is applicable there, as well, with the Nasdaq recently dipping to its lowest point in a month.) Instead, we’re talking about the M&A [...]

UPDATE: Borland gets higher bid

Posted by on June 25, 2009

In a note sent out to clients before the market closed Thursday, we speculated that Borland was likely to get a bid that topped its existing agreement with Micro Focus. (See the full post.) Shortly after the market closed, Borland indicated an unidentified suitor (Company A) raised its bid to $1.25 for each share of [...]

A new bid for Borland?

Posted by on June 25, 2009

Contact: Brenon Daly Nearly a month after Micro Focus and Borland announced their planned combination, a pair of after-the-fact bidders pushed Micro Focus to reach a little deeper into its pockets for the application lifecycle management vendor. Now we’re hearing that one of the mystery suitors may well come back with a higher offer. As [...]

End of a (Lucid)Era

Posted by on June 24, 2009

Contact: Brenon Daly, Krishna Roy After unsuccessfully trying to find a buyer for several months, LucidEra has turned itself over to a workout firm to sell off the patents and whatever else has value at the once-promising on-demand business intelligence (BI) vendor. We understand that CEO Robert Reid and the company’s board members have left [...]

Navigating for relevance in a changing landscape

Posted by on June 23, 2009

As the location-based-services industry continues to consolidate, smaller startups are feeling the pinch. Who might be next on the chopping block?

ECM: And then there was one…

Posted by on June 22, 2009

Contact: Brenon Daly With the US government having blessed on Friday the pending marriage between Open Text and Vignette, the only remaining obstacle in the $310m pairing is a vote by Vignette shareholders next month. And we expect pretty quick approval of the offer from Vignette’s long-suffering shareholders, who had seen their shares lose half [...]

The disappearing LBO

Posted by on June 19, 2009

Contact: Brenon Daly With private equity (PE) firms bidding against one another (as was the case with SumTotal Systems) and bidding against strategic buyers (as was the case with Borland), we might be tempted to think that the tech buyout barons are back. Umm, not really. So far this year, PE firms have accounted for [...]

Hey Larry, wanna buy a bridge?

Posted by on June 18, 2009

Contact: Brenon Daly, Krishna Roy Although Oracle announced the purchase of Conformia Software on Wednesday, the market is currently buzzing with speculation that the tech giant has closed – but not yet announced – a much larger transaction. Several sources have indicated that Oracle has acquired GoldenGate Software. The two companies have had a deep [...]

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