| Friday, 23 July 2010 15:09 |
| The European Commission has approved the acquisition of Sybase by SAP, which was the final regulatory approval needed for the deal to proceed. SAP is offering $65 per share cash for a total purchase of about $5.8 billion via a tender offer. The deal would give ownership of Sybase’s SQL Anywhere, PowerBuilder and a very far reaching mobile technology and messaging network. Besides its financial applications, SAP also owns business intelligence powerhouse BusinessObjects. Sybase had net income of $164 million and $1.2 billion in revenue for the year ended Dec. 31, 2009. |
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The Editor
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.
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INFOR RECRUITS CHANNEL ON LINKEDIN 
Infor has said it plans to grow its channel. And this week, LinkedIn users may have noticed that the company is advertising on the social media site under the headline “Channel partners required.” That phrase links to an Infor web page that proclaims “Infor Partner Network: Business Beyond Boundaries.”
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About the Author: Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant. |