Enterprise headlines and summaries, 2009-07-13

  • Google Apps users to get OpenID authentication
    The search giant has already adopted the authentication standard — whereby a single log-in can be used to access a variety of sites — to a very limited degree, but the upcoming announcement will extend that functionality to the millions of users of the business and educational versions of Google Apps.
  • ColdFusion upgrade beta rolls out today
    Adobe Systems is rolling out today public beta versions of ColdFusion 9, which is the latest version of the company’s Web development platform that leverages server-side services, and the accompanying ColdFusion Builder IDE, for rapid development of ColdFusion applications.
  • Work for Free? Some People Do It to Help Land a Job
    Unpaid job seekers can keep their resumes fresh by boosting their experience and learning new skills, experts say, but others warn businesses may take advantage of the jobless and that it is illegal for commercial companies not to pay workers.
  • Microsoft to flesh out further its private cloud strategy
    Microsoft is expected to tout its Dynamic Data Center Toolkit for Enterprises at the show. The product, originally expected to ship by the end of 2009 — according to a private cloud fact sheet that was on Microsoft’s site earlier today but is gone — is now slated for the first half of 2010. It is a “free, partner-extensible toolkit that will enable datacenters to dynamically pool, allocate, and manage resources to enable IT as a service.” Microsoft already offers a version of the Dynamic Data Center Toolkit for its hosting partners.
  • Software AG Announces Tender Offer For IDS Scheer
    The combination of both leading technologically and complementary product portfolios for the digitization and implementation of business processes will be unique and will give Software AG a sustainable and strengthened competitive position in a consolidating software market.
  • Release of a Public Takeover Offer by SAG Beteiligungs GmbH
    IDS Scheer AG was today informed by SAG Beteiligungs GmbH about its decision to issue a voluntary public takeover offer in accordance with Sections 29 et seqq. of the German Securities Acquisition and Takeover Act (Wertpapiererwerbs- und Übernahmegesetz; WpÜG) to all shareholders of IDS Scheer AG. SAG Beteiligungs GmbH is a 100% subsidiary of Software AG with its seat in Darmstadt. Besides, IDS Scheer AG was informed that Dr. August-Wilhelm Scheer, founder and chairman of the supervisory board of IDS Scheer AG, and Dr. Alexander Pocsay, co-founder and co-chairman of the supervisory board of IDS Scheer AG, have undertaken to accept the takeover offer for all shares in IDS Scheer AG held by them, i.e. for approximately 15,332,622 shares (corresponding to approx. 47.68% of the share capital and the votes). IDS Scheer AG had allowed Software AG a limited due diligence after conclusion of a memorandum of understanding on 7 July 2009. As consideration, the shareholders of IDS Scheer AG will
  • Software AG announces tender offer for IDS Scheer
    Software AG (TecDAX, ISIN DE 0003304002 / SOW) today signed a contract with Prof. Dr. Dr. h.c. mult. August-Wilhelm Scheer and Prof. Dr. Alexander Pocsay relating to the sale of a total of approx. 47.68 percent of the outstanding shares (this corresponds to 15,332,622 shares) of IDS Scheer AG (TecDAX, ISIN DE 0006257009 / IDS). The sale of shares will be part of a voluntary public tender offer by SAG Beteiligungs GmbH, a wholly-owned subsidiary of Software AG, starting in the current quarter. Software AG will offer €15 in cash per outstanding share of IDS Scheer capital. The offer will be made on and subject to the terms and conditions yet to be communicated in the offer document and in particular, it is likely to be made subject to clearance by the competent merger control authorities. Founder Prof. Scheer and co-founder Prof. Pocsay have already undertaken to accept the offer for all shares in IDS Scheer AG held by them.
  • How the Tech Boom Terminated California’s Economy
    Put simply, California cannot afford to pay its bills because its tax base contracted at the same time as its investments tanked. Like any of us contending with the double-whammy of lower pay and shrinking portfolios, the state is getting slammed on both income and savings at the same time. Unable to secure credit, the state will instead be forced pay its bills to citizens and local governments with IOUs.
  • The Squeeze Continues: Venture Fundraising Shrinks 82 Percent in Second Quarter
    VC funds in the U.S. raised only $1.7 billion, an 82 percent drop from the second quarter of 2008, when $9.3 billion was raised. The amount raised is 63 percent less than than the $4.6 billion raised during the first quarter of 2009 (see interactive iCharts below). The number of funds which raised capital also dropped in half from last quarter to 25 funds, a 13-year low. And the average amount of new capital going to each fund was $68 million, down from $94 million in the previous quarter. Capital is fleeing the sector, partly because there is less capital to go around, and partly because venture capital exits appear to be blocked. Although there was cause for hope during the quarter—which saw five venture-backed IPOs poke their heads above the water—the NCVA doesn’t expect venture funds to bring in major new infusions of capital until 2010.
  • Apps Support Firm Plans to Expand into Europe, Asia on Managing Automation
    In a bid to fund its growth by directly serving manufacturers based outside the United States, third-party maintenance provider Rimini Street has accepted a $10 million investment from a private equity firm. The investment, the first significant external cash infusion for Rimini Street since it was founded in 2005, will give Adams Street Partners “a small minority” stake in the company, according to Dave Rowe, Rimini Street’s senior vice president for global marketing and alliances, in an interview with Managing Automation.
  • Google Loses Engineering Director Who Once Caused Steve Ballmer To Melt Down
    Google’s not a real company. It’s a house of cards.”
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