HP partners developers
Hewlett-Packard (HP) has signed on both business-process automation software provider webMethods and Web integration software provider TIBCO in two joint development alliances.
HP's OpenView software unit will collaborate with webMethods to create software for managing application interactions throughout the extended supply chain.
Meanwhile, HP has signed a three-year agreement with TIBCO to jointly develop products for the service provider and telecommunications markets. The companies will integrate HP's OpenView management solutions with TIBCO's B2B solutions.
HP's consulting business unit will also recommend the webMethods integration platform as a preferred integration product for the manufacturing and supply-chain markets, and recommend TIBCO as a preferred integration product vendor for the service provider and telco markets.
Sausage stocks up
The Sausage Software Group has been boosted by a placement of $17.3 million by Macquarie Bank's Direct Investment Trust and MGB Equity.
The placement, purchased at 48 cents per share, sees Macquarie Bank buying 24 million shares (7.4 per cent) in the company, while MGB Equity will own a further 12 million shares, equal to a 3.7 per cent stake in the company. The funds will be used for working capital.
The company has also announced its intention to appoint Laurie Cox as chairman of Sausage Software, while MGB's John Murphy will become a non-executive director.
Sausage plans to hold a shareholder's meeting in the near future to vote on a change of company name to SMS Management and Technology.
WSA snapped up
ASX-listed MultiEmedia.com has purchased Web consultants WSA Online for $3 million plus shares, hot on the heels of its acquisition of IT distributor Magnafield.
WSA will become a wholly owned subsidiary of MultiEmedia.com, but will retain independence with its management and staff continuing to operate from its Sydney and Melbourne offices.
WSA has been issued with 7.7 million MultiEmedia.com options exercisable within 2 years, and WSA CEO Richard White-Smith will take a seat on the MultiEmedia.com board. The acquisition is expected to be approved by June.
WSA posted revenues of $5 million for the 1999/2000 financial year after selling its specialist online media buying arm to emitch in May 2000, and its 1-e00 call centre management technology to Membercorp (now Reply 2) prior to that.