The News Review:
- Tibco Software 1Q Net Up 2% n Higher Margins Lower Expenses
- Software execs sentenced in fraud case
- Pervasive Software Announces $10 Million Share Repurchase …
- Logility Comments on Proposed American Software Tender ffer
- Progress Software shares gain after upgrade
- Day Software Developers to Speak at Leading European pen Source …
- Cincom Systems Joins IBM’s Software as a Service Specialty
Tibco Software 1Q Net Up 2% n Higher Margins Lower Expenses
Wall Street Journal
–>Tibco Software 1Q Net Up 2% n Higher Margins Lower Expenses ArticleCommentsmore in. ‘s (TIBX) fiscal first-quarter net income rose 2% because of higher margins and lower operating expenses and despite a drop in license revenue. The business-software maker is expected to face some competitive challenges from larger rivals according to analysts but is seen as a good brand with a solid customer base. Tibco which makes software that helps businesses integrate.
Software execs sentenced in fraud case
The Associated Press
Paul Johnston chief executive of Entellium and the scheme’s architect received three years — splitting the difference between what prosecutors and defense attorneys requested. Parrish Jones Entellium’s CF got two years. The two pleaded pleaded guilty in December to fraud charges admitting they inflated revenue figures to secure more than $50 million from investors much of it from the well-known local venture capital firm Ignition Partners. Prosecutors noted that even after he was charged Johnston fraudulently sold some of his stock in the company to 14 other investors for $645000.
Pervasive Software Announces $10 Million Share Repurchase …
FXBusiness
(NASDAQ: PVSW) a global value leader in embeddable data management and agile integration software today announced that its Board of Directors authorized a new $10 million stock repurchase plan. As of March 26 2009 Pervasive Software Inc. (the “Company”) has acquired approximately 733000 shares of the Company’s common stock on the open market at a total cost of approximately $2. 7 million or approximately $3. 72 price per share during the quarter ending March 31 2009. The Company has now utilized $7.
Related from Ytbao: Accenture Reports Second-Quarter Fiscal 2009 Results
Logility Comments on Proposed American Software Tender ffer
FXBusiness
(Nasdaq: LGTY) shares not already owned by American Software Logility announced today that American Software’s offer will be considered by a special committee comprised solely of its independent directors (the “Special Committee”). The Special Committee has retained Jones Day as its legal counsel and has appointed VRA Partners LLC as its independent financial advisor to assist the Special Committee in evaluating the proposed tender offer. American Software’s proposal to commence a tender offer was not made pursuant to any agreement with Logility. If American Software does commence a tender offer then the Special Committee will within ten business days following such commencement advise shareholders of its position regarding the offer and the reasons for such position. Logility shareholders are advised to take no action with respect to the proposed tender offer until they have been advised of the Special Committee’s position. About Logility With more than 1250 customers worldwide Logility is a leading provider of collaborative supply chain planning solutions that help small medium large and Fortune 1000 companies realize substantial bottom-line results in record time. Logility Voyager Solutions feature performance monitoring capabilities in a single Internet-based framework and provide supply chain visibility; demand inventory and replenishment planning; sales and operations planning; supply and global sourcing optimization; transportation planning and execution; and warehouse management.
Progress Software shares gain after upgrade
The Associated Press
rose Friday after a Key Banc analyst upgraded the stock citing a 37 percent price decline over the past six months. The shares’ price creates “an attractive entry point for investors” Key Banc analyst Steven Koenig told clients in a note Thursday upgrading shares to “buy” from “hold. -based company still faces a challenge navigating the economic downturn but that risk is already reflected in its earnings and sales outlook Koenig said.
Day Software Developers to Speak at Leading European pen Source …
FXBusiness
& BASEL Switzerland Mar 26 2009 (BUSINESS WIRE) —-Day Software Holding AG (SWX: DAYN)(TCQX: DYIHY) a leading supplier of Global Content Management Software and Content Infrastructure Software today announced the upcoming speaking engagements of Bertrand Delacretaz Carsten Ziegeler Felix Meschberger and Jukka Zitting at three upcoming European open source conferences: ApacheCon Europe penExpo and JAX 09. Delacretaz Ziegeler Meschberger and Zitting are members of Day’s technical staff and together contribute to 25 open source projects including the Apache Jackrabbit Apache Sling and Apache Felix projects that form the core of Day’s industry leading CRX Java Content Repository (JCR) and ECM platform. ApacheCon Europe is the official conference of the Apache Software Foundation (ASF) and aimed at ASF Members and committers innovators developers vendors and users to experience the future of pen Source development. At the event Day Software’s Bertrand Delacretaz will be presenting on the topics of “pen Source Collaboration Tools are Good For You!” “Tales from the SGi trenches” and “Rapid JCR applications development with Sling”. Carsten Ziegeler and Felix Meschberger will speak on how to “Embrace SGi – A Developer’s Quickstart” and “Scripting your Java Application with BSF 3. Jukka Zitting will discuss “Content Storage with Apache Jackrabbit”.
Cincom Systems Joins IBM’s Software as a Service Specialty
FXBusiness
Cincom Synchrony is a multi-channel contact center and unified agent desktop solution proven to enhance customer relationships while optimizing agent and business-user efficiency. Whether hosted or managed on-site Synchrony provides inbound and outbound sales and marketing and customer-service environments with a high-value low-cost contact center solution. Cincom’s solution leverages IBM DB2 and Lotus software while running on IBM System x servers.