Commerce One axes a third
Software vendor Commerce One will lay off 400 of its current 1,100 staff by the end of this year. The 36 per cent headcount reduction is in order to cut costs during the current market downturn. Like many companies in the e-business software market, Commerce One has been undergoing a difficult year. Revenue for the first six months of the year totalled $US59.6 million, down 78 per cent from the $271.6 million recorded in the first half of 2001. Net loss so far this year has reached $291.7 million. In January, a major licensing agreement with SAP fell through, under which the two companies had planned to sell each other's online procurement software.
Borland acquires BoldSoft
Looking to bolster its Delphi tool with design-driven development for Microsoft .Net applications, Borland Software has announced it has acquired the assets of BoldSoft, a Swedish provider of software development process technology. With the acquisition, Borland intends to cement what the company says is its status as the only independent path for developers to .Net. By linking BoldSoft's Bold suite of products to a Delphi application, developers can "very easily create .Net applications using the .Net Framework", according to Borland.
Software to turn the corner
Revenue in the worldwide packaged software market will grow by around 4 per cent in 2003, after slower growth of around 1.5 per cent in 2002, according to IDC. Applications such as operating systems and business software will be the largest area of spending in the software market in 2003, compared with 2002. "Growth in the software market is expected despite the lack of any obvious killer app' to stimulate development," said John Gantz, chief research officer at IDC's Global Research Organisation. The Asia-Pacific region, in particular, is expected to see substantial growth in IT spending.