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Software // Enterprise Applications
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9/26/2003
05:00 PM
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Speaking Of Consolidation

Lawson Software Inc. is acquiring Closedloop Solutions Inc., a privately held supplier of financial-planning, budgeting, and forecasting software, for an undisclosed sum. The buyout is the latest of several similar deals, including Cognos Inc.'s acquisition of Adaytum Inc. earlier this year and Geac Computer Corp.'s purchase of Comshare Inc. last month. Closedloop's software will be renamed Lawson Budgeting and Planning and will be integrated with Lawson's Enterprise Performance Management Suite.

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