RenewData buys software co. Digital Mandate

The News Review:

- RenewData buys software co. Digital Mandate
- Microsoft Nokia in deal for mobile software: WSJ
- With SpringSource VMware Moves Beyond Virtualization
- Quest Software Q2 profit beats Street; shares rise

RenewData buys software co. Digital Mandate
Bizjournals.com
has acquired New York-based Digital Mandate LLC for an undisclosed amount. Austin-based RenewData completed the deal with equity financing from investors ABS Capital Partners and CIBC Capital Partners company officials said. Digital Mandate which was founded in 2001 develops discovery lifecycle management software. Most of the company’s 20 workers are expected to join RenewData officials said. RenewData which employs 175 workers provides electronic discovery services for law firms and corporations. The company has raised $55 million in venture capital since it was founded in 2001. Digital Mandate is its first acquisition CE Steven Horan said.

Microsoft Nokia in deal for mobile software: WSJ
MarketWatch
has reached an agreement with Nokia Corp. to make a mobile version of Microsoft’s ffice suite of software that works on Nokia mobile phones The Wall Street Journal reported late Tuesday citing a person familiar with the matter. Microsoft makes an operating system for cellphones called Windows Mobile that competes with Symbian the software that powers most Nokia phones the report in the Journal’s online edition said.
Related from Tianjigh: Microsoft Nokia may strike apps alliance Wednesday

With SpringSource VMware Moves Beyond Virtualization
New York Times
With SpringSource VMware is purchasing a popular maker of open-source software development tools. As such the acquisition shows VMware angling to attract more developers to its suite of virtualization software while also moving beyond virtualization software into other areas of business software. VMware said it expects the transaction — made up of $362 million in cash and equity and the assumption of $58 million in stock options — to close by September. SpringSource built a name for itself by making it easier for companies to create business software via the Java programming language. It has since tried to broaden into other areas including selling tools that gauge the performance of data centers.

Quest Software Q2 profit beats Street; shares rise
Reuters
)which develops enterprise systems management solutions posteda better-than-expected quarterly profit helped partly by afall in expenses sending its shares up as much as 6 percent inafter-market trading. “They probably got the most difficult quarter of the yearbehind them with a solid beat in the June quarter” MKMPartners analyst Richard Sherman said. The third quarter is usually a better period for QuestSoftware due to the timing of purchasing in enterprisemanagement Sherman said adding the company would benefitespecially from federal spending. Sherman who rates the stock a “buy” said he was impressedby how the company’s new chief executive had managed the coststructure. Quest Software’s operating expenses declined 17 percent to$121. 9 million in the second quarter while operating marginswere 13 percent. Chief Executive Doug Garn who was appointed last ctobersaid the company’s operating margins could accelerate goingforward.

Leave a Reply