|
by Alan Alper, MA Editorial Staff
Posted on Tuesday, June 06, 2006 6:14:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    In a marked expansion of its enterprise applications rollup strategy, Made2Manage Holdings Inc., the holding company of ERP vendor Made2Manage Software Inc., today disclosed an agreement to buy stand-alone CRM software vendor Onyx Software Corp. in a cash transaction valued at $92 million. The deal trumps a hostile bid pushed by rival enterprise software consolidator CDC Software of Atlanta, which earlier this year sweetened its offer from $50 million to $80 million for Onyx of Bellevue, WA. In a prepared statement, Eric Musser, CDC Software's executive vice president of strategy, said his company remains committed to expanding its CRM and related enterprise software and service offerings through acquisition and organic growth, but did not address the status of CDC's bid for Onyx. "Today's news has no impact on our strategy or our mission to deliver the best, world-class applications to meet the needs of customers around the globe," Musser said. [Click to continue] |
|
|
|
|