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News Briefs

  Online News published in DM Direct Newsletter
February 18, 2000 Issue
 
  By Rachel Rasmussen

Computer Associates to Acquire Sterling Software for $4 Billion

On February 14 Computer Associates International, Inc. announced an agreement to acquire Sterling Software, Inc., extending its arsenal of software and services to build, deploy, manage and secure e-business solutions.

The $4 billion stock-for-stock acquisition, which would be the largest in the history of the software industry, has been approved unanimously by the boards of directors of both Sterling Software and Computer Associates (CA). The acquisition is expected to be accretive to CA’s earnings per share, excluding any one-time research and development charge and amortization of acquisition intangibles, and is subject to certain closing conditions including regulatory approvals. The acquisition will be accounted for using the purchase method.

The anticipated acquisition will expand CA’s broad array of products and services while accelerating their delivery. This will enable all companies – from the newest dot-coms to established brick-and-mortar businesses – to continue to exploit the latest opportunities driven by the Internet economy. CA plans to enhance Sterling Software products with its technology including information visualization, Neugents neural network technology and infrastructure management solutions, providing clients with a powerful and complete environment for end-to-end e-business. In particular, the combination of Sterling Software’s COOL suite and CA’s Jasmine ii information infrastructure will deliver a sophisticated and personalized enterprise application integration solution on the market.

"The merger of Sterling Software and CA brings together two outstanding organizations that share common values and have compatible strategies and track records of achievement," said Charles B. Wang, CA chairman and CEO. "We look forward to providing an even broader range of e-business solutions to clients, greater opportunities for employees and accelerated near and long-term return for shareholders."

"This merger will be extremely beneficial to our clients and employees," said Sterling L. Williams, president and chief executive officer of Sterling Software. "We have a deep appreciation for CA’s commitment to quality, innovation and customer service, all in a corporate culture that is incredibly complementary to ours. Together, we’ll be able to offer the best products and services for clients of both companies, as well as new and exciting career paths for employees."

For more information about the acquisition, visit www.ca.com and www.sterling.com.

 

Study Finds Most Major Firms Are Missing the Mark on E-Business

Despite significant investment in electronic marketing, sales and customer service, corporate America has still not adopted e-business as a central part of its business strategy, according to a report issued on February 9 by META Group.

The study, "E-Reality Sets In," finds the greatest penetration of e-business is focused on customer-facing areas of the business. Large companies say they plan to pursue the supply chain and internal business benefits of the e-business world, concentrating on procurement, distribution, inventory and supplier relationships. But the report's conclusions suggest these efforts are being hamstrung by a lack of resources and corporate commitment.

"Corporate America is not tapping the true potential of the e-business revolution," said Kirk Reiss, senior vice president with META Group Consulting and co-author of the study. "A fully realized e-business strategy can lay the foundation for new business models, but few corporations have demonstrated the vision and devoted the resources to make this happen."

The study finds that inadequate staffing, funding and strategic focus is curtailing the business community's potential to reap the full competitive benefit of e-business. The study polled 357 companies with more than $100 million in annual revenues. The proportions of companies drawn from specific industry groupings were matched to the proportion existing in the overall economy. Interviewees held significant responsibility for their company's e-business budgets. The study – which encompassed both 357 phone interviews and 80 face-to-face interviews – was sponsored by IBM Software Group, Nextera, Broadreach Consulting, and Xpedior. The report was released at META Group's METAmorphosis 2000 conference in Orlando, Florida.

For more specific information about the study, please visit www.metagroup.com.

 

Ardent Announces "e-Business Strategy for Success" Seminar Series

On February 17 Ardent Software, Inc., a global data management software company, announced a three-city seminar series entitled "e-Business Strategy for Success." Ardent will feature international business intelligence expert Larry P. English, president and principal of Information Impact International, Inc., who will address audiences in Dallas, Denver and Boston on building an effective information architecture to ensure the success of strategic e-Business initiatives.

"Larry's breadth of experience will benefit all levels of management involved today in e-Business. He represents a level of thought leadership being sought after worldwide,'' said Mikael Wipperfeld, vice president of data warehouse marketing at Ardent Software. "Ardent, along with our series sponsors, Brio and Firstlogic, are extremely proud to provide a forum for discussing and demonstrating proven strategic e-business solutions being used today in the real world.''

The Ardent seminars will take place in Dallas on Tuesday, February 29; in Denver on Thursday, March 2; and in Boston on Tuesday, March 7. All three seminars run from 8 a.m. to 12 noon. To register for any of these locations, visit www.ardent.com. Advance registration is suggested.


Rachel Rasmussen was a Web Editor of DMReview.com.



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