• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Island Pacific to Sell IPMS Division

    October 23, 2007 Alex Woodie

    Island Pacific, the troubled developer of enterprise software for retailers, last week announced that it’s very close to finalizing the sale of the Island Pacific Merchandising System (IPMS), the multi-channel merchandise management system that runs exclusively under i5/OS. The Irvine, California, company also released preliminary financial results going back to April 2006.

    Few details about the sale of its IPMS division were revealed with last week’s announcement. The company said it is in “final negotiations” to sell the division for $16 million, that it expects the deal to be finalized by the end of October, and that the transaction should close by the end of the year.

    Island Pacific did not name the potential buyer, but those details should be available by the end of the month, when it holds a conference call to discuss the sale of IPMS and its financial results for fiscal year 2007.

    Last week, the company announced preliminary results for fiscal year 2007, which ended March 31. The company expects to report revenues of about $25.5 million for the year, which would entail a 7 percent improvement over the previous year.

    The company also expects to have quarterly reports for the previous three quarters finalized by the end of the month, which will allow the company to become eligible to be traded on the OTC Bulletin Board. Its stock is currently traded on the Pink Sheets.

    The company also stated that estimated earnings before interest, tax, depreciation and amortization (EBITDA) for fiscal 2007 should be $3.4 million, an increase of 142 percent compared to the previous year. The non-GAAP results are the result of a significant reduction in operating expenses, the company says, from $18.3 million in 2005 to $12.2 million in 2006 and $12.0 million in 2007.

    RELATED STORIES

    Island Pacific Develops for the iSeries, and is Proud of It

    Chick’s Digs iSeries as Replacement for Windows Farm

    Island Pacific to Acquire Competitor for $11 Million

    Island Pacific Welcomes 2003 with a Torrent of Announcements



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    ARCAD Software

    [Webinar Series] Demystifying DevOps on the IBM i

    Join us for this 3-Part Roundtable Webinar Series, where ARCAD experts will demystify the move to Git and an automated process with options that work for everyone!

    This Series will be an engaging discussion on key DevOps topics as Git, Builds, Automation and much more.

    Part 2: Branching & Building (Thursday, February 9th, at 12:00PM ET / 9:00AM PT)

    During this 2nd session, we will discuss Feature/Release and Branch Management and building the branches with tools like Bob and ARCAD.

    Part 3: DevOps – Automated Workflow (Thursday, February 23rd, at 12:00PM ET / 9:00AM PT)

    During this 3rd session, we will discuss what can be automated in the IBM i DevOps process starting from the build to other steps in your workflow.  We’ll discuss pipeline tools like Jenkins and the new automation features of Git packages.

    Register NOW

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    COMMON:  Join us at the annual 2008 conference, March 30 - April 3, in Nashville, Tennessee
    BOSaNOVA:  Download our 'Best Practices for Securing your Backup' whitepaper
    NowWhatJobs.net:  NowWhatJobs.net is the resource for job transitions after age 40

    IT Jungle Store Top Book Picks

    The System i RPG & RPG IV Tutorial and Lab Exercises: List Price, $59.95
    The System i Pocket RPG & RPG IV Guide: List Price, $69.95
    The iSeries Pocket Database Guide: List Price, $59.00
    The iSeries Pocket Developers' Guide: List Price, $59.00
    The iSeries Pocket SQL Guide: List Price, $59.00
    The iSeries Pocket Query Guide: List Price, $49.00
    The iSeries Pocket WebFacing Primer: List Price, $39.00
    Migrating to WebSphere Express for iSeries: List Price, $49.00
    iSeries Express Web Implementer's Guide: List Price, $59.00
    Getting Started with WebSphere Development Studio for iSeries: List Price, $79.95
    Getting Started With WebSphere Development Studio Client for iSeries: List Price, $89.00
    Getting Started with WebSphere Express for iSeries: List Price, $49.00
    WebFacing Application Design and Development Guide: List Price, $55.00
    Can the AS/400 Survive IBM?: List Price, $49.00
    The All-Everything Machine: List Price, $29.95
    Chip Wars: List Price, $29.95

    Oracle Planning Reorganization in Application Group? Good Reasons to Use Unrequired Correlation Names

    Leave a Reply Cancel reply

Volume 7, Number 40 -- October 23, 2007
THIS ISSUE SPONSORED BY:

Bytware
LANSA
Computer Measurement Group
ARCAD Software
Twin Data

Table of Contents

  • Talend Adds i5/OS Support to Open Source ETL Tool
  • VAI to Deliver Flexible Computer-Telephone Integration, Thanks to iMS
  • LogLogic Delivers Fine-Grained User Activity Monitoring
  • NGS Launches Pre-Built Data Mart for Distributors
  • Lawson Rolls Out 64-Bit ERP for Unix, But Not for i5/OS
  • Island Pacific to Sell IPMS Division
  • Printronix Unveils Web-Based Printer Management Software
  • SAP Contributes Development Tool to Eclipse
  • IBM Updates Alphablox Business Intelligence Software
  • Continued Enhancement of Post Modern Applications? BluePhoenix Has You Covered

Content archive

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

Recent Posts

  • Power Systems Did Indeed Grow Revenues Last Year
  • The IBM Power Trap: Three Mistakes That Leave You Stuck
  • Big Blue Decrees Its 2023 IBM Champions
  • As I See It: The Good, the Bad, And The Mistaken
  • IBM i PTF Guide, Volume 25, Number 5
  • N2i Gains Traction Among IBM i Newbies
  • Realizing The Promise Of Cross Platform Development With VS Code
  • 2023 IBM i Predictions, Part 3
  • Four Hundred Monitor, January 25
  • Join The 2023 IBM i Marketplace Survey Webinar Tomorrow

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 © 2022 IT Jungle

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.