• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Lawson Stockholders Approve Intentia Acquisition

    April 24, 2006 Dan Burger

    Lawson Software and Intentia International, two ERP software vendors with OS/400-based products and an ongoing effort to merge companies, cleared a big hurdle in the merger process when last week Lawson stockholders voted in favor of the deal. Plans that detailed Lawson’s $480 million stock transition for the acquisition of Intentia were first revealed in June 2005. It appears as though the two companies will now close the transaction by the end of April.

    Lawson reported that 74.5 percent of shareholders voted in favor of the agreement. The vote clears the way for the issuance of about 81 million shares of Lawson common stock in exchange for all of Intentia’s Series A and Series B shares and outstanding warrants to purchase Series B shares.

    As a result of this merger, Lawson will have a far greater breadth of products in the midrange market and greater coverage on a global basis. Lawson has a reputation that is known primarily in the healthcare, financial services, retail, and government sectors within the United States. It’s strength lies with software and services relating to human resources, procurement, retail operations, and service process optimization. Intentia’s software and services pertain to the manufacturing and distribution businesses and its customer base is centered in the European and Asia/Pacific markets. Its software is designed for improving enterprise and supply chain management.

    After the acquisition, which the two companies hope to close well before the end of the year, the new Lawson will have 45 percent of its sales in the Americas, 45 percent of its sales in Europe, and 10 percent in Asia/Pacific. Its applications will be running at about 4,000 customer locations and will be available in 40 countries and more than 40 languages.

    More than 90 percent of Intentia customers rely on the iSeries to run their Movex enterprise software. That’s approximately 3,000 iSeries shops. Lawson’s iSeries customer base is approximately 350 customers. While both companies support RPG-based versions of their software, Intentia has already rewritten its applications in Java and has moved some customers to that product. Lawson has announced its intention to also convert its applications to Java, but is just beginning that process.

    Lawson officials say the company will continue to develop and support the software suites that each company currently markets.

    Earlier this month, Lawson reported its third quarter financials, which are starting to look up a bit. Compared to its fiscal 2005 third quarter, revenue increased from $82.7 million to $87.7 million, license fee revenues climbed from $13.9 million to $15.1 million, and service revenues rose from $68.8 million to $72.6 million. On a year-over-year comparison, GAAP net income was $20.7 million based on total revenues of $264.6 million in contrast to a net loss of $700,000 on total revenues of $248.4 million in the same nine-month fiscal period during 2005.

    Lawson Software has its headquarters in St. Paul, Minnesota. Its European headquarters will be in Stockholm, Sweden, the former headquarters of Intentia.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags: Tags: mtfh_rc, Volume 15, Number 17 -- April 24, 2006

    Sponsored by
    Manta Technologies

    The Leader in IBM i Education!
    Need training on anything i?
    Manta is all you need.

    In celebration of Manta’s 29th birthday, save 20% on any course, series, or combination pack!
    Sale ends July 31.

    130 courses and competency exams on:
    · IBM i operations
    · System Management and Security
    · IBM i Programming Tools
    · Programming in RPG, COBOL, CL, Java
    · Web Development
    · SQL, DB2, Query

    Product features:
    · Runs in every popular browser
    · Available 24/7/365
    · Free Student Reference Guides
    · Free Student Administration
    · Concurrent User License
    · Built-In IBM i Simulator

    You can download our 200-page catalog and take sample sessions at MantaTech.com.

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Job Posting Areas Created on the IT Jungle Forums Converting Unconvertible Dates Using SQL

    Leave a Reply Cancel reply

TFH Volume: 15 Issue: 17

This Issue Sponsored By

    Table of Contents

    • Some Thoughts on the 22 Percent iSeries Sales Decline in Q1
    • Yankee Group Says SMBs Want Better Integration
    • ISVs React (Or Not) to PHP on the System i
    • Common User Group Starts Midrange Career Center
    • Oracle Indefinitely Extends the Life of JDE World, EnterpriseOne
    • Lawson Stockholders Approve Intentia Acquisition
    • Cost Controls Boost IBM Earnings on Flat Q1 Revenues
    • Plasmon Gives Free UDO Media in Upgrade Deal
    • As I See It: Fearless Leaders
    • Digital TV Meets Portal Technology

    Content archive

    • The Four Hundred
    • Four Hundred Stuff
    • Four Hundred Guru

    Recent Posts

    • Power10 Boosts NVM-Express Flash Performance
    • Fortra Completes Postmortem Of GoAnywhere Vulnerability
    • Guru: Binding Directory Entries
    • How Does Your Infrastructure Spending Stack Up To The World?
    • IBM i PTF Guide, Volume 25, Number 22
    • Fortra Issues 20th State of IBM i Security Report
    • FNTS Launches Managed Services for Power Servers in IBM Cloud
    • Total LTO Shipped Capacity Up Slightly in 2022
    • Four Hundred Monitor, May 24
    • Update On Critical Security Vulnerability In PowerVM

    Subscribe

    To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

    Pages

    • About Us
    • Contact
    • Contributors
    • Four Hundred Monitor
    • IBM i PTF Guide
    • Media Kit
    • Subscribe

    Search

    Copyright © 2023 IT Jungle