GEAC Buying Comshare - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Software // Enterprise Applications
News
6/23/2003
07:14 PM
50%
50%

GEAC Buying Comshare

GEAC says Comshare's product line is an important step in its efforts to assemble a complete suite of front-office apps.

Enterprise application vendor GEAC Computer Corp. is buying Comshare Inc., a developer of financial-planning, budgeting, and forecasting apps, in a deal valued at $52 million. GEAC plans to combine Comshare's software with its own to strengthen its business-performance management product line.

The planned acquisition is the latest in a spate of consolidations in the software industry. GEAC says Comshare's MPC product line, which also includes financial-consolidation, -reporting, and -analysis capabilities, is an important step in its efforts to assemble a complete suite of front-office apps. GEAC plans to integrate Comshare's software with its existing products using its application-integration framework, the company says.

GEAC's $4.60-per-share offer has already been approved by Comshare's board. The companies expect to conclude the deal in August.

GEAC's move is similar to Cognos Inc.'s acquisition of Adaytum Inc. earlier this year. As Cognos did with the Adaytum deal, GEAC is trying to expand its business-performance management capabilities by acquiring Comshare. Business-performance management (also called corporate and enterprise performance management) links a company's operational and financial processes with management, planning, and control applications.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
Slideshows
Reflections on Tech in 2019
James M. Connolly, Editorial Director, InformationWeek and Network Computing,  12/9/2019
Slideshows
What Digital Transformation Is (And Isn't)
Cynthia Harvey, Freelance Journalist, InformationWeek,  12/4/2019
Commentary
Watch Out for New Barriers to Faster Software Development
Lisa Morgan, Freelance Writer,  12/3/2019
White Papers
Register for InformationWeek Newsletters
Video
Current Issue
The Cloud Gets Ready for the 20's
This IT Trend Report explores how cloud computing is being shaped for the next phase in its maturation. It will help enterprise IT decision makers and business leaders understand some of the key trends reflected emerging cloud concepts and technologies, and in enterprise cloud usage patterns. Get it today!
Slideshows
Flash Poll