mark
RETAIL PRO IN ECOMMERCE DEAL
- Thursday, 02 April 2015
Retail Pro International has entered a partnership with 24Seven Commerce, which offers ecommerce services to retailers. The alliance makes the Retail Pro system available to specialty retailers. Designed for brick-and-mortar operators, 24Seven's cloud products connect to the Retail Pro retail management system. The combination provides a platform for managing in-store and online operations, including integration between Retail Pro, eBay and Amazon.
U.K. SOFTWARE GROUP GOES PRIVATE
- Thursday, 02 April 2015
The Advanced Computer Software Group, a holding company based in the United Kingdom, has gone private. The company was purchased for about $1.1 billion at the end of March by Vista Equity Partners, whose goal is to make Advanced a global player. Advanced owns several business software companies, most of which do not operate in the United States. These include four financial software lines: e5, eFinancials, OpenAccounts and Exchequer. It also has V-1, a company that markets Professional Services Automation software, and Advanced 365, whose cloud and hosting services has some U.S. presence.
MYOB GOING PUBLIC (AGAIN)
- Thursday, 02 April 2015
The MYOB Group has filed for an initial public offering in Australia. The offering is expected to raise proceeds ranging from about $632 million to about $633 million and will return the company to the public market after six years in private hands. MYOB is owned by Bain Capital, which will not sell shares and which will hold about 57 percent of the shares after the offering. The name MYOB goes back to the Mind Your Own Business, software that originated in Rockaway, N.J.
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