Baan mounts a comeback
After hovering near bankruptcy last year, Baan is making a comeback as major customers opt for upgrades, buoying the company to report its first profitable quarter after nine consecutive quarters of operating losses.
Baan, which was purchased by the global automation and controls group Invensys in September, is again focused squarely on growing the company to be a "major force" in the market after months of restructuring, said Baan president Laurens van der Tang. For the quarter ended December 2000, Baan reported an above break-even operating performance, with sales growing 37 per cent compared to the previous quarter.
The recent announcements represent an important step on a "long, long road back" for the company, said David Caruso, general manager for global manufacturing strategies at AMR Research.
Sun snags storage vendor
Sun Microsystems announced it has signed an agreement to acquire storage software vendor LSC as part of an effort to strengthen its data warehousing play against rivals like EMC.
LSC makes file systems and data storage software. Sun hopes to use the LSC technology to beef up its own storage networks software to provide simplified, automated data management tools for business customers, Sun announced recently.
Under the terms of the stock-for-stock deal, Sun will acquire about $US74 million of LSC stock. The completion of the deal depends on regulatory and LSC shareholder approval.
Novell spins off Volera
Novell has announced it is spinning off its Net Content group into a separate company called Volera.
The new company will market and develop Novell's Internet Caching System (ICS) and Content Exchange which are designed for speeding the delivery of Internet content.
Volera will be majority backed by Novell, with investments from Nortel Networks and Accenture - formerly Andersen Consulting. In exchange for equity positions Novell, Nortel and Accenture will provide Volera with more than $US80 million in cash, as well as consulting services. Novell will also contribute technology and resources from its Net Content division.
ICS is a set of software and hardware designs the company has OEM'ed to system manufacturers such as Dell and Compaq.
Volera estimates it holds a 17 per cent share of the worldwide market for cache appliances, based on cache appliance shipments by Dell, Compaq and other OEMs that license ICS, the company said.