Chips and Bits swallows CEA
Niche value added distributor Chips and Bits has announced the acquisition of Computer Enterprises Australia (CEA) has taken effect as of last Monday. Perth-based CEA is a specialist distributor of the Umax range of scanners and has developed a healthy Apple distribution business over the last 12 months.
According to Chips and Bits' business unit manager, Scott Carlile, acquiring the business of CEA will provide a 25 per cent boost to the company's revenues, while adding to its specialised product range.
While there were some staff redundancies as a result of the buyout, Carlile claimed that Chips has retained all key sales product and technical people including Mike Owen as the Umax business manager and Bruce Macbryde as Apple business manager.
CRM player SalesLogix buys ACT
CRM software vendor SalesLogix is recruiting more channel partners following its acquisition of Symantec product ACT, local head of marketing Norma Hayter revealed.
Haytor said ACT sales never really took off so the company plans to boost marketing efforts to revive its hopes.
Details of SalesLogix's local channel and marketing strategy will not be revealed until it assumes full responsibility of the product in March.
Symantec sold the four-year exclusive international development, sales and marketing rights for $US60 million plus $20 million in SalesLogix stocks with an option for SalesLogix to buy full ownership of the product after the term has expired.
The deal was finalised early January after the US department of Justice gave the go ahead, Symantec announced in a release.
The deal is something of a homecoming for the contact management tool as SalesLogix's CEO Pat Sullivan is one of the team that developed ACT in the late 80s. Sullivan previously owned the company Contact, which developed and marketed ACT until selling it to Symantec in 1993.
Australian devotees of ACT have reportedly reacted positively to SalesLogic's acquisition of ACT, according to a spokesperson from distributor Express Data.
NASDAQ venture for Net trading overseas
NASDAQ Stock Market Inc has formed a joint venture with an Indian software developer to create Internet-based trading systems aimed at supporting NASDAQ Japan and NASDAQ Europe when those electronic markets go live in 2001.
The joint company, called IndigoMarkets, will be supported by SSI Technologies in Chennai, India. The company is devel-oping a back-office Internet-based trad- ing environment that will run on a Tandem Computers mainframe environment in both Japan and the UK.
In addition, IndigoMarkets will develop and sell Internet-based trading software designed for Japanese and European investors to trade NASDAQ-listed stocks and invest in initial public offerings.