PROGRESS SOFT BUYS SAVVION
The Hindu Business Line
Progress Software Corporation, the US-based company, has acquired Savvion Inc, a privately held business enterprise software company based in
The business process management technology company had 300 clients, including 24 Fortune-100 companies, Rick Reidy, President and Chief Executive Officer, Progress Software, said here in a statement.
“The Savvion BPM suite is a perfect fit for Progress,” Dr John Bates, Chief Technology Officer of Progress Software, said.
AGILE LABS TEAMS UP WITH US CO SYNAPTRIS
T.E. Raja Simhan, Chennai
The Hindu Business Line
Two small companies have joined hands to tap the global market to save cost and manpower.
The US-based Synaptris and the Bangalore-based Agile Labs have signed a joint go-to market partnership to deliver data reporting solutions to Agile's global customers.
While Synaptris is a software product company, Agile is an independent software vendor that provide application development framework for its clients to build industry/business-specific solutions.
This includes enterprise resource planning, supply chain management and customer relationship management.
Synaptris will use Agile's framework to build software solutions.
On the other hand, Agile will bundle Synaptris' IntelliVIEW, a single platform for real-time reporting, dashboards and analysis. This will help customers to work on huge volumes of data collated on day-to-day operations and give ‘business insights' and interpret the data to build the business.
The partnership will take IntelliVIEW to Agile's existing and potential customers across multiple industry verticals in
Manpower
“Being a small company with nearly 150 employees, we cannot stretch beyond a point in terms of manpower and investment to go global. It is better to partner with another company that is similar to us. Finally, it is a win-win situation for both the companies in partnering,” said Nagaraj L. Bhargava, Chief Operating Officer, Synaptris, which has over 2,300 customers across 80 countries and headquartered in San Jose, US.
“We help clients concentrate on their core competency of building the software solution by giving them a readymade framework. Our framework requires minimal coding to build an application, making it faster by 50-60 percent for clients. This approach enables customers to save time, effort and costs of building applications,” Raghunathan, Chief Executive Officer, Agile Labs, which has 40 employees, said without giving any financial details.
CA OPEN TO BUY LOCAL COMPANIES
Sumali Moitra, Kolkata
The Times of India (Kolkata edition)
Even at its peak, none of the acquisitions of erstwhile software major Computer Associates — which had become synonymous with M&As at one point — had ever included an Indian company.
But in its new avatar as CA, and with a chairman for its India operations who has spent long years as a venture capitalist, all that may be about to change at the Nasdaq-listed firm, which had to grapple with one of the biggest insider trading scandals in corporate America in the last decade.
“The then Computer Associates had always acquired product companies or those having some unique technology. At that point, there weren’t too many Indian companies around doing that as they were more engaged in services,” CA India chairman Saurabh Srivastava told TOI on Tuesday.
“However, with many Indian companies now doing a lot of work in the product and technology space, we are open to the idea of partnering and acquiring them, if need be,” he added, pointing out that firms engaged in the cloud computing arena are a possible area of interest for CA.
Brought on board CA India last year, Srivastava, though, was quick to clarify that there are no active acquisition deals on the table being pursued in the country currently. Significantly, CA India’s admission of its interest in acquiring local companies is the first time that the company has done so since it ceased being Computer Associates.
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