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by Stephanie Neil, MA Editorial Staff Posted on Thursday, January 05, 2006 6:25:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | Deal would add much needed enterprise asset management capabilities to vendor's evolving ERP portfolio. |
Continuing its aggressive acquisition path, enterprise applications purveyor Infor Global Solutions agreed today to purchase asset management software player Datastream Systems Inc., in a deal valued at about $216 million. The deal, which is expected to close in the second quarter following regulatory approval, calls for Infor to pay $10.26 per share in cash to Datastream stockholders. Although this is the eighteenth acquisition for Infor in three years, and the seventh within a 15-month period, the deal is unique in that it adds enterprise asset management into the software vendor's product mix -- an important element in any ERP package. [Click to continue]  |
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