Day: August 11, 2006

On 2 Aug 2006, Infor, a portfolio company of Golden Gate Capital, accelerated its market share by acquiring Extensity, a leading financial performance management company and Systems Union Group, the UK based financial and performance management solutions provider. With the acquisition, Infor now has annual revenues totalling $2.1bn, offices in 100 countries and approximately 70,000 customers. Visit Infor for the full press release. What is the impact of this acquisition has on ebdex? Quite a bit! My planned meeting with a senior executive of Pegasus, which is owned by System Union Group has now been postponed. However, the acquisition also increases…

Dave Stephens, CEO of Coupa commented on Competing with the “Open Source Way" at his Procurement Central. Extracts from his comments (modified to suit): Sourceforge has over 100,000 active opensource projects. Sometimes particular projects, gain good interest over time, like with Salesforce.com. But wait a minute, Salesforce.com isn’t an open source firm. Closed source firms and service providers (Google & Microsoft included) are beginning to open up around the edges and use the movement where it makes sense for them. Then I commented on his blog: We will make our API “Open Source”. It does not make commercial sense to…

Dennis Howlett reported that Niall Kennedy is leaving Microsoft to start-up his own business, after joining Microsoft in April 2006. It is the first time I came across the existence of Niall and I like to address two points (you need to read his blog to understand why he is leaving Microsoft): Whilst companies allow certain freedom to promote innovative ideas it’s employees have, in most cases the level of freedom is controlled by organisation’s own corporate strategy and policies. Wrongly, many organisations take a short-term view specially if it has to deal with drop in share price, revenues and/or…