Edgewater Technology, a Dynamics and Oracle partner, has reportedly rejected a bid from Ameri Holdings, which has begun a proxy solicitation of Edgewater's shareholders. Through Princeton, N.J.-based Ameri100, bidders are offering $8.50 share, but say Edgewater has refused to engage in discussions. Edgewater stock has a 52-week trading range of $6.21 to $8.28 per share. Ameri100 then joined with Lone Star Value Management to oust the Edgewater board. During this week's Edgewater earnings conference call, CEO Shirley Singleton said Edgewater has no comment and is reviewing the proposal.
Blackbaud has declared a sweeping new approach to how its software applications relate to the market and each other. The Charleston, S.C.-based nonprofit software vendor is implementing an open development platform, along with rolling out a consistent user interface across its applications. "Blackbaud solutions were once closed and difficult to integrate with," CEO Mike Gianoni said during this week's first-quarter earnings webcast.
Sonata Software, an IT company based in Bangalore, India, will purchase I.B.I.S., which has been a top award winner in the Microsoft Dynamics realm. Perhaps we should also pay attention to the international trend—earlier this year, Denmark-based Columbus purchased Interdyn BMI. The press release announcing the deal highlighted the VAR's Advanced Supply Chain Software, based on Dynamics AX and CRM.
Financial software vendor AddonSoftware and CRM supplier GoldMine have created an integration between their applications. The link enables GoldMine's GM+View to directly access customer account and inventory information in Addon Software. From GoldMine, a customer's account information is accessible, as well as sales quotes, orders, account balances and inventory availability, across all warehouses.
Intuit CEO Brad Smith is scheduled to become chairman of the software company in January. The company this week announced the move after Bill Campbell, chairman of the board of directors since August 1998, said he would retire that month. Campbell also served as president and CEO from April 1994 to July 1998 and as acting CEO from September 1999 through January 2000. I don't know what this means for the running of the company.