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Friday, December 17
by
Mark Evans
on Fri 17 Dec 2004 01:40 PM EST
Another day, another M&A deal in the rapidly consolidating software industry. This time, Fimalac SA has acquired Toronto-based Algorithmics for US$175-million. Algorithmics is one of the leading suppliers of risk management software to financial institutions. It will be interesting to see how must Algorithmics' investors get back given the company has raised US$85-million since 2000. This week alone has seen PeopleSoft, Veritas and Algorithmics snapped for more than US$28-billion. As software makers prepare for a return in corporate spending, look for more acquisitions as the bigger players looking to fill holes in their product portfolios.
by
Mark Evans
on Fri 17 Dec 2004 07:34 AM EST
Financial Post
Videotron Ltee. is expected to jump into the Internet telephony market soon, which would make it the first Canadian cable company to offer the fast-emerging service. According to analysts who attended briefing sessions with Videotron senior management yesterday in Toronto, the Montreal-based company will roll out a residential ... more » |
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