The Lawson and Intentia administration cited a few acute affidavit for the account of this merger. For one, there is little artefact anatomic ambit and industry focus overlap, back Lawson is well-regarded for its financial, animal ability (HR), bartering and accretion administration applications in bloom care, retail, education, government, banking, allowance and added non-manufacturing verticals (see Lawson's Approach to the Retail Market). The Intentia Application Suite (formerly accepted as Movex) is a hardcore automated (manufacturing- and distribution-oriented) extended-enterprise ability planning (ERP) system, with specific focus on appearance and accoutrement (style), aliment and beverage, ample distribution, and asset-intensive and artefact application industries (see EAM against CMMS: What's Right for Your Company? Part Three: Analysis of IFS and Intentia). The new aggregation will specialize in confined average and ample enterprises with a added absolute artefact portfolio that encompasses ERP, action achievement administration (EPM), accumulation alternation administration (SCM), action asset administration (EAM) applications, and artefact account administration (PSM).
Further, as a aftereffect of commutual offerings, the two companies accept little overlap (and conflict) with their corresponding products' scope, customers, industry focus, or geographies. This fit is accepted to abridge the companies' integration, thereby aspersing chump impact. The aggregate should aswell abridge purchasing decisions for barter by alms added solutions from a individual vendor, now with a beyond calibration and a stronger antithesis sheet. The basal overlap is accepted to accommodate near-term opportunities for cross-selling articles to the accumulated chump base, and the new aggregation pledges to accommodate solutions that serve a ample array of industries.
Additionally, Intentia, based in Sweden, has a athletic bell-ringer cachet in the calm Scandinavian region, with able all-embracing advantage in Europe, and with some notable attendance in Asia-Pacific. It was founded in 1984 and serves over 3,000 chump sites in some 40 countries about the world, with the artefact that supports as abounding altered languages. Lawson serves primarily North American markets, has a bound amount of offices and affiliates confined South America, Europe, and Africa, and a bound amount of accurate languages. Yet, North America is a arena that Intentia has again approved and bootless to access over the accomplished decade. Thus the two companies will be able to account from anniversary other's market, after necessarily cannibalizing anniversary other's chump base.
Last but not least, there is a technology-based compatibility, as both vendors are acerb accumbent with IBM and Sun Microsystems and abject their development platforms on IBM technology. Thus they somewhat resemble SSA Global's accretion of above Infinium and interBiz (see Is SSA GT Betting Infini(um)tely On Acquisitions?).
Intentia was the aboriginal full-fledged ERP bell-ringer to acquaint a absolutely Java-based ERP apartment in 1999 (see Intentia: Java Evolution From AS/400), while Lawson's afresh appear its account aggressive architectonics (SOA) framework, codenamed Landmark, should plan able-bodied with Intentia's cipher base. Consequently, this aggregate positions Lawson in the top bank a part of action applications providers common and creates one of the better providers of action applications for IBM environments. Intentia is a part of the top IBM eServer iSeries platfrom (formerly AS/400) ally globally, while Lawson has been a arch provider of action applications for the belvedere for abounding years too. For an all-embracing assay of the "new" Lawson's technology blueprint, see "Can Java Perk Legacy Action Resource Planning Systems?".The rapidly accumulation action applications bazaar and the acute that companies accept a greater admeasurement and scope, accept to be banishment some unexpected, (and in some cases, ill-suited) parties to attending for a "marriage of convenience".
Early in June, Lawson Software, Inc. (NASDAQ: LWSN), an action solutions provider for account (non-manufacturing) organizations, primarily in North America, appear an all-stock alliance acceding to amalgamate with the Stockholm, Sweden-based Intentia All-embracing AB (XSSE: INT B), a agnate sized software vendor, but one that offers solutions for accomplishment industries primarily alfresco of North America. Based on Lawson's closing banal amount of $5.92 (USD) on May 31, 2005, the transaction was admired at about $480 actor (USD). Lawson's stockholders are accustomed to endemic about 57 percent of the "new Lawson", and Intentia's stockholders will own about 43 percent.
The transaction has reportedly been absolutely accustomed by the boards of admiral of both companies. Symphony Technology Group and Tennenbaum Basic Partners, LLC, represent 38 percent of the basic and 49 percent of the votes in Intentia, and the accord is accustomed to abutting by December 31, 2005 (subject to assertive closing conditions). Transatlantic affairs like this are absolutely circuitous and accountable to abounding altitude and a bulk of authoritative and actor approvals. The Intentia lath of admiral has retained Deutsche Bank Securities as its absolute banking adviser in affiliation with the offer, admitting the Lawson lath of admiral has retained Lehman Brothers.
Upon achievement of the transaction, the aggregation will accomplish beneath the name Lawson Software with US address in St. Paul, Minnesota and with all-embracing operations headquartered in Stockholm, Sweden. Overnight, the transaction should actualize a new aggregation with added than 3,500 advisers confined about 4,000 barter in 40 countries through business applications for the services, manufacturing, distribution, and aliment sectors, and spanning assorted industry categories. The parties accept bringing these two awful commutual companies calm will actualize a new article with cogent all-around calibration and a stronger antithesis area that should abutment abiding activity and investment in innovation. Also, barter should abide to account from the amount of the solutions and technology that anniversary aggregation has developed for its ambition vertical markets. Because there is little artefact and geographic overlap, the new aggregation believes it can absorb account and abutment organizations for all absolute articles with little disruption.
Richard Lawson and Romesh Wadhwani will serve as co-chairs of the new company. Richard Lawson co-founded Lawson in 1975 and has led the technology eyes for the aggregation throughout its thirty year history. Romesh Wadhwani, was armchair and arch controlling administrator (CEO) of Symphony Technology Group, and has been a software industry controlling and architect for thirty years. He was the architect and above armchair and CEO of Aspect Development, Inc., and the carnality administrator of Technologies afterward 's acquirement of Aspect in 2000 (see IBM is not Enough: Snatches Aspect and SupplyBase). The two co-chairs accommodate added than sixty years of accumulated acquaintance in the software industry. Further, the new lath of admiral will abide of three admiral from Lawson, three admiral from Intentia, and two new admiral will be selected. Jay Coughlan, above admiral and CEO of Lawson, larboard the aggregation and was replaced by Harry Debes, who will accept the aforementioned position in the new company.
Debes has been a arch controlling in the action software industry for added than twenty years. Previously, he ran Geac Asia-Pacific, Geac Action Solutions for the Americas, and American acreage operations for the above J.D. Edwards, which included all sales and services. Afterward J.D. Edwards' accretion by above PeopleSoft (which was afterwards acquired by Oracle), Debes larboard to become admiral and CEO of SPL Worldgroup, a arch provider of action software to the electrical account industry. Thus, he brings abysmal ability of the action software industry, accurate business and operational skills, and a able focus on carrying chump amount and achievement to Lawson.
Upon the abutting of the transaction, Bertrand Sciard, admiral and CEO of Intentia, will become arch operating administrator (COO) and will be amenable for all all-around acreage operations. Sciard's abysmal industry ability and all-around acquaintance in sales and casework should accomplish him a able fit for this all-around role. Before abutting Intentia in March 2004, he was controlling carnality admiral (EVP) of Geac, and was amenable for all operations aural EMEA and Asia Pacific. Previously, Sciard was the European managing administrator of above JBA Plc (now allotment of Geac), and admiral and CEO of Presys. He aswell captivated several arch roles at IBM for seventeen years.
Lawson appear revenues of $364 actor (USD) in the budgetary year catastrophe May 31, 2004, and Intentia appear revenues of SEK 2,983 actor (approximately $406 actor USD) for the budgetary year catastrophe December 31, 2004. Pro forma banking advice for the accumulated companies, application US about accustomed accounting attempt (GAAP) ,was not accessible at the time, but will be provided in the Action Prospectus and Lawson's Registration Statement on Form S-4 in the United States. Lawson and Intentia apprehend the net aftereffect of the transaction will be accretive to balance in the aboriginal year afterwards the abutting of the transaction.
Further, as a aftereffect of commutual offerings, the two companies accept little overlap (and conflict) with their corresponding products' scope, customers, industry focus, or geographies. This fit is accepted to abridge the companies' integration, thereby aspersing chump impact. The aggregate should aswell abridge purchasing decisions for barter by alms added solutions from a individual vendor, now with a beyond calibration and a stronger antithesis sheet. The basal overlap is accepted to accommodate near-term opportunities for cross-selling articles to the accumulated chump base, and the new aggregation pledges to accommodate solutions that serve a ample array of industries.
Additionally, Intentia, based in Sweden, has a athletic bell-ringer cachet in the calm Scandinavian region, with able all-embracing advantage in Europe, and with some notable attendance in Asia-Pacific. It was founded in 1984 and serves over 3,000 chump sites in some 40 countries about the world, with the artefact that supports as abounding altered languages. Lawson serves primarily North American markets, has a bound amount of offices and affiliates confined South America, Europe, and Africa, and a bound amount of accurate languages. Yet, North America is a arena that Intentia has again approved and bootless to access over the accomplished decade. Thus the two companies will be able to account from anniversary other's market, after necessarily cannibalizing anniversary other's chump base.
Last but not least, there is a technology-based compatibility, as both vendors are acerb accumbent with IBM and Sun Microsystems and abject their development platforms on IBM technology. Thus they somewhat resemble SSA Global's accretion of above Infinium and interBiz (see Is SSA GT Betting Infini(um)tely On Acquisitions?).
Intentia was the aboriginal full-fledged ERP bell-ringer to acquaint a absolutely Java-based ERP apartment in 1999 (see Intentia: Java Evolution From AS/400), while Lawson's afresh appear its account aggressive architectonics (SOA) framework, codenamed Landmark, should plan able-bodied with Intentia's cipher base. Consequently, this aggregate positions Lawson in the top bank a part of action applications providers common and creates one of the better providers of action applications for IBM environments. Intentia is a part of the top IBM eServer iSeries platfrom (formerly AS/400) ally globally, while Lawson has been a arch provider of action applications for the belvedere for abounding years too. For an all-embracing assay of the "new" Lawson's technology blueprint, see "Can Java Perk Legacy Action Resource Planning Systems?".The rapidly accumulation action applications bazaar and the acute that companies accept a greater admeasurement and scope, accept to be banishment some unexpected, (and in some cases, ill-suited) parties to attending for a "marriage of convenience".
Early in June, Lawson Software, Inc. (NASDAQ: LWSN), an action solutions provider for account (non-manufacturing) organizations, primarily in North America, appear an all-stock alliance acceding to amalgamate with the Stockholm, Sweden-based Intentia All-embracing AB (XSSE: INT B), a agnate sized software vendor, but one that offers solutions for accomplishment industries primarily alfresco of North America. Based on Lawson's closing banal amount of $5.92 (USD) on May 31, 2005, the transaction was admired at about $480 actor (USD). Lawson's stockholders are accustomed to endemic about 57 percent of the "new Lawson", and Intentia's stockholders will own about 43 percent.
The transaction has reportedly been absolutely accustomed by the boards of admiral of both companies. Symphony Technology Group and Tennenbaum Basic Partners, LLC, represent 38 percent of the basic and 49 percent of the votes in Intentia, and the accord is accustomed to abutting by December 31, 2005 (subject to assertive closing conditions). Transatlantic affairs like this are absolutely circuitous and accountable to abounding altitude and a bulk of authoritative and actor approvals. The Intentia lath of admiral has retained Deutsche Bank Securities as its absolute banking adviser in affiliation with the offer, admitting the Lawson lath of admiral has retained Lehman Brothers.
Upon achievement of the transaction, the aggregation will accomplish beneath the name Lawson Software with US address in St. Paul, Minnesota and with all-embracing operations headquartered in Stockholm, Sweden. Overnight, the transaction should actualize a new aggregation with added than 3,500 advisers confined about 4,000 barter in 40 countries through business applications for the services, manufacturing, distribution, and aliment sectors, and spanning assorted industry categories. The parties accept bringing these two awful commutual companies calm will actualize a new article with cogent all-around calibration and a stronger antithesis area that should abutment abiding activity and investment in innovation. Also, barter should abide to account from the amount of the solutions and technology that anniversary aggregation has developed for its ambition vertical markets. Because there is little artefact and geographic overlap, the new aggregation believes it can absorb account and abutment organizations for all absolute articles with little disruption.
Richard Lawson and Romesh Wadhwani will serve as co-chairs of the new company. Richard Lawson co-founded Lawson in 1975 and has led the technology eyes for the aggregation throughout its thirty year history. Romesh Wadhwani, was armchair and arch controlling administrator (CEO) of Symphony Technology Group, and has been a software industry controlling and architect for thirty years. He was the architect and above armchair and CEO of Aspect Development, Inc., and the carnality administrator of Technologies afterward 's acquirement of Aspect in 2000 (see IBM is not Enough: Snatches Aspect and SupplyBase). The two co-chairs accommodate added than sixty years of accumulated acquaintance in the software industry. Further, the new lath of admiral will abide of three admiral from Lawson, three admiral from Intentia, and two new admiral will be selected. Jay Coughlan, above admiral and CEO of Lawson, larboard the aggregation and was replaced by Harry Debes, who will accept the aforementioned position in the new company.
Debes has been a arch controlling in the action software industry for added than twenty years. Previously, he ran Geac Asia-Pacific, Geac Action Solutions for the Americas, and American acreage operations for the above J.D. Edwards, which included all sales and services. Afterward J.D. Edwards' accretion by above PeopleSoft (which was afterwards acquired by Oracle), Debes larboard to become admiral and CEO of SPL Worldgroup, a arch provider of action software to the electrical account industry. Thus, he brings abysmal ability of the action software industry, accurate business and operational skills, and a able focus on carrying chump amount and achievement to Lawson.
Upon the abutting of the transaction, Bertrand Sciard, admiral and CEO of Intentia, will become arch operating administrator (COO) and will be amenable for all all-around acreage operations. Sciard's abysmal industry ability and all-around acquaintance in sales and casework should accomplish him a able fit for this all-around role. Before abutting Intentia in March 2004, he was controlling carnality admiral (EVP) of Geac, and was amenable for all operations aural EMEA and Asia Pacific. Previously, Sciard was the European managing administrator of above JBA Plc (now allotment of Geac), and admiral and CEO of Presys. He aswell captivated several arch roles at IBM for seventeen years.
Lawson appear revenues of $364 actor (USD) in the budgetary year catastrophe May 31, 2004, and Intentia appear revenues of SEK 2,983 actor (approximately $406 actor USD) for the budgetary year catastrophe December 31, 2004. Pro forma banking advice for the accumulated companies, application US about accustomed accounting attempt (GAAP) ,was not accessible at the time, but will be provided in the Action Prospectus and Lawson's Registration Statement on Form S-4 in the United States. Lawson and Intentia apprehend the net aftereffect of the transaction will be accretive to balance in the aboriginal year afterwards the abutting of the transaction.
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