Shareholders of Exact Holding have approved the sale of the company's assets to funds managed by Apax Partners. The action at this week's extraordinary meeting also approved the dissolution of Exact as it has existed and the supervisory board of directors will replaced as of the settlement date. Exact has at least one more set of public numbers to report with the release of financial results for the year coming next week.
Manufacturing software company QAD raised about $31.7 million from the sale of 2 million shares of stock this month. Another 1 million shares of Class A common stock were sold by controlling shareholders Karl F. Lopker and Pamela M. Lopker through their living trust. The price was $20 per share with the underwriters holding a 30-day option to purchase another 450,000 shares. Karl is CEO and Pamela is chairman and president.
Navigator Business Solutions has been received the North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The award was one of many handed out this week in San Diego, Calif., North America Partner Excellence Award 2015 in the category “SAP Cloud Resell." The awards were given, as the always are, at the year’s Field Kick-Off Meeting. Grant Fraser, owner of the Pleasant Grove, Utah-based firm, said this was his firm's tenth consecutive award as a top partner.
Australia-based UXC, which operates in this country via reseller UXC Eclipse, has raised its guidance for the first half of 2015 ended December 31. The company based its decision on what it called "a solid first quarter and in light of a strong performance in November and December." The change included earnings that are substantially about the guidance given at its annual meeting in November. UXC had said revenue would be more than 8-percent higher than the $231.1 million reported in the first half of fiscal 2014.