Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »
Hummingbird to be Acquired for $465M
Enterprise software developer Hummingbird said on Friday that it agreed to be purchased by holding company Symphony Technology Group in ...
May 26, 2006 — CIO —
Enterprise software developer Hummingbird said on Friday that it agreed to be purchased by holding company Symphony Technology Group in a deal valued at US$465 million.
The Toronto company develops enterprise content management (ECM) software that helps organizations manage documents, records, correspondence and contracts.
A third party, Tennenbaum Capital Partners, will invest $135 million to help finance the transaction.
Hummingbird said the deal will generate immediate cash that will allow the company to continue to focus on its mission of offering ECM and connectivity products.
The company reported a $4.9 million profit in its second quarter, driven by winning new customers and expanding deals with existing customers. Hummingbird competes with other ECM developers including Interwoven, IBM, EMC and FileNet.
Provided the transaction is approved by shareholders and regulators, the acquisition is expected to close in July.
Symphony Technology Group owns several companies including Information Resources and Gers.
-Nancy Gohring, IDG News Service
Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.
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