Peopleclick Authoria – A Perfect Merger or Act of Desperation?
Today, Authoria announce the merger with Peopleclick to create Peopleclick Authoria. Bedford Funding, the private equity firm that owns Authoria is spending $100 million to acquire and merge the...
View ArticleFriday Rant: Is Private Equity a Better Buyer of Software Companies Than...
Madison Dearborn’s recent Fieldglass buyout (here, here) provides further proof that today’s private equity firms might be better strategic — that’s right, strategic and not financial — buyers of...
View ArticleSEC Defines Venture Capital
The SEC fulfilled their obligation under the Frank-Dodd financial reform bill and defined what venture capital is. Represents itself to investors as being a venture capital fund. Only invests in equity...
View ArticleThe Next Chapter of Socialtext
Today I’m pleased to share that Socialtext has gained a strategic investment by Bedford Funding ($1.4B PE firm) and will integrate with Peoplefluent. They are all gassed up and stepping on the...
View ArticleDell in Deal to Go Private
Just last week I was writing about the importance of sometimes ignoring Wall Street analysts whose focus on quarterly earnings can force a company into neglecting its best interests. Bowing to the...
View ArticleLawson & Issues on two fronts: Earnings and Icahn
Today, Lawson Software (LWSN) announced earnings below analyst expectations. Specifically, profits of $2.6 million were reported (vs. year earlier number of $8.6 million) resulting in a 2 cents/share...
View ArticleToday, Material Change of Control Clauses Really Matter
Remember? Whenever you buy anything big â really big â you need to consider what happens should the vendor/manufacturer be sold or fail outright. Itâs just good business sense to plan for these things...
View Article