Canadian Serenic Corp., which owns the Serenic Navigator nonprofit accounting software line, has a plan to buy back up to 10 percent of its publicly traded stock. The company will conduct a Normal Course Issuer bid under which it could buy up to 938,249 of the 9.38 million that are publicly traded. That’s out of a total 15.2 million common shares issued and outstanding. The bid starts on June 23 and ends on June 22, 2012 or earlier if the number of shares sought has been obtained. Read more...

Infor reported revenue of $509.8 million for the fourth quarter ended May 31, an increase of 12 percent over $453.7 million a year ago. Infor? This is a company that has previously given only a general range in its annual revenue and this appears to be a company getting ready for a public offering, how soon it’s hard to tell. But there are few other reasons that I can think of as to why private companies start reporting numbers. It's been believed annual revenue is in the $2.5 billion range, but given the May year end, adjusting for seasonality would be a bit difficult.