Private equity firm Golden Gate Capital has acquired enterprise solution vendor Geac Computer Corp. Ltd. in an all-cash deal valued at $1 billion. Golden Gate Capital plans to "aggressively support" the Geac business units. Upon completion of the acquisition, Geac will be reorganized into two separate Golden Gate Capital portfolio companies.
As part of the reorganization, rival enterprise solution vendor Infor, also a Golden Gate Capital-funded company, will acquire Geac's enterprise resource planning (ERP) solutions — including System21, Runtime, RatioPlan, Streamline, and Management Data. Product support personnel will also move to Infor.
The following scorecard highlights all significant corporate moves in the technology sector since our last update in the October 2005 Logistics Today:
Company/Product | Parent Company | Transaction Type |
Adonix | Sage Group | acquisition |
Agentrics | GNX/WorldWide Retail Exchange | merger/name change |
Capri Corp. | Made2Manage Systems Inc. | acquisition |
Checkpoint Systems' Bar Code Systems | SATO International | acquisition |
Concentrek Inc. | UTi Worldwide Inc. | acquisition |
ConnecTerra | BEA Systems Inc. | acquisition |
CRS Retail Systems | Epicor Software Corp. | acquisition |
Datasweep Inc. | Rockwell Automation Inc. | acquisition |
eBots Inc. | Ultriva Inc. | name change |
eCost.com | PFSweb Inc. | acquisition |
Freight Logix Inc. | Headwater Technology Solutions Inc. | acquisition |
Geac Computer Corp. Ltd. | Golden Gate Capital (Infor) | acquisition |
Interchain | Kewill Systems | acquisition |
Khimetrics, Inc. | SAP | acquisition |
NextLinx Corp. | Management Dynamics Inc. | acquisition |
RangeGate Mobile Solutions | RedPrairie Corp. | acquisition |
Retail Solutions Inc. | VeriSign Inc. | acquisition |
Triversity | SAP | acquisition |
Unova Inc. | Intermec Inc. | name change |