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Software Buying Binges Continues
by
Mark Evans
on Fri 17 Dec 2004 01:40 PM EST | Permanent Link
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.
Comments
Re: Software Buying Binges Continues
by
Anonymous
on Fri 17 Dec 2004 04:17 PM EST | Permanent Link
I'm sorry but it's not right for you to put Algo into the same sentence as PeopleSoft and Veritas. The latter are seriously large companies with much larger market caps. Algo is a toy truck compared to their SUVs.
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