Australia-based UXC has agreed to a buyout offer from Computer Sciences Corp. That translates to about 90 cents per share. In Australian dollars, that is $1.22 per share plus a 2-cent-per share interim dividend for the half year ending December 31. The companies did not do the math but there were about 330 million shares outstanding when UXC's year ended on June 30 so that puts the deal around $297 million. The total of $1.24 per share is down from the initial $1.26-per-share offer.
In the continuing chain of Sage employment and alumni news, Donna Armstrong last month became Global VP Sales for Zap Business Intelligence. Armstrong, who had worked at Sage since 2010, was VP of sales for X3 North America for three years until leaving month. Interesting that when I clicked on the name "Zap" in Armstrong's LinkedIn profile, it brought up an ad for a senior sales position in the United States and says that person could work from a home office and that there were four applicants.
Himanshu Palsule, who served as chief technology officer of Sage North America until last month, is now head of global delivery ERP financials for Epicor Software. The new title popped up on his LinkedIn page as effective this month. He had served as CTO and head of strategy since July 2012 and had worked at Sage since 1997.
Doug Labahn, global VP of marketing for Sage Live, has left Sage North America. There have been so many changes in executive jobs at the software manufacturer in the last few months there must be a new budget line item for printing business cards. Labahn took over that job in February after working with Sage since 2012. The company said he was leaving immediately and had been replaced by Jennifer Warawa.
Authorities have concluded they have found the perfect punishment for executives involved in the recent scandal at Volkswagen. They will be forced to write 10,000 times, "I will not lie about emissions." ... After reading all the LinkedIn tag lines such as "Dynamic Creative Executive", I've decided mine will be "Success through Pure Dumb Luck." ... I'm tired of announcements constantly someone who is excited to launch a product. I'm waiting for a company willing to say, "This is a dull boring product, but it's going to save you a ton of money.