LSI Merges with Agere
LSI Logic has announced that it has completed its merger with Agere Systems, and
that it will rename the newly merged company LSI Corporation. The two companies
had combined revenue of $3.5 bn for the 12 months ended December 31, 2006. The
new LSI operates in more than 20 countries, with a workforce of approximately
9,100 employees, including nearly 4,300 engineers.
MS to Acquire ScreenTonic
Microsoft has announced that it would acquire Paris-headquartered ScreenTonic
SA, a mobile advertising company. The acquisition would result in the
combination of Microsoft Digital Advertising Solutions with the mobile expertise
of ScreenTonic. ScreenTonic's mobile solutions provide advertisers with a
range of ad formats, from display to text, as well as ad management and
reporting capabilities.
SRIT's New Acquisitions
Sobha Renaissance Information Technology (SRIT) has announced the acquisition of
Infotrack and Zipdrive from Tranquil Solutions. Infotrack, a Tranquil product,
is an integrated dealer management solution that collects dealership information
enabling access across departments.
Oracle Acquires Lodestar
Oracle has announced to acquire Lodestar, a provider of meter data management
and competitive energy solutions for the utilities industry. Chris Hamilos,
chairman and CEO, Lodestar said, "The natural synergies between Oracle's
and Lodestar's premier product suites, coupled with Oracle's extensive
research and development capacity, will enable us to further enhance our
products and ensure our clients' continued success."
CSC to Acquire Covansys
Computer Sciences Corporation (CSC) and Covansys
has announced that they have entered into an agreement under which, CSC will
acquire Covansys for $34 per share in an all-cash transaction. The transaction
is valued at approximately $1.3 bn.
Experian's New Acquisition
Experian, the global information solutions company, has announced that it has
acquired Emailing Solution, a leading French permission-based email marketing
provider. The acquisition further extends and deepens Experian's global reach
in the email sector. Founded in 2001, Emailing Solution currently serves over
300 brands from diverse industries.
Sage Acquires Snowdrop
Business management software solutions provider Sage Group has announced the
acquisition of Snowdrop Systems from its shareholders for an enterprise value of
£17 mn, in an all cash deal. Paul Walker, chief executive of Sage says,
"The acquisition brings a portfolio of HR and payroll software solutions
for the UK mid-market."
HTC to Acquire Dopod Int
High Tech Computer (HTC), provider of Microsoft Windows Mobile smart handheld
devices, has announced that it has signed an acquisition agreement with Dopod
International, PDA phone and smartphone distributors in Asia.
Siemens Aquires UGS
UGS, provider of product lifecycle management (PLM) software and services, has
announced the close of its acquisition by Siemens AG. As a result, the business
will go to market as UGS PLM Software, a global division of the Siemens
Automation and Drives (A&D) Group.