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SAP To Buy Visiprise, CSC Inks $1.2B Deal
CIOZone Insider: SAP looks to acquire manufacturing software maker; Bombardier signs $1.2B outsourcing deal with CSC; more
SAP Aims to Acquire Visiprise
German software giant SAP announced its intention to acquire Visiprise, a privately-held company that offers manufacturing execution software. Terms were not disclosed.
SAP said with its acquisition of Visiprise, it plans to deliver on its "Perfect Plant" strategy which will bring together core SAP applications with software, hardware and services currently provided by third-party companies. SAP said the combination of Visiprise's software with its own will offer manufacturers better visibility by linking the operations of the plant floor to production planning and operations management.
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Visiprise of Alpharetta, Ga., has been a partner of SAP's for several years. It employs about 300 and its software is used by such customers as Philips, Bosch, and Goodrich.
CSC Signs $1.2 Billion Bombardier Deal
Computer Sciences Corp. (CSC) has struck an outsourcing deal with Bombardier Transportation, a unit of Bombardier Inc., valued at $1.2 billion over seven years. The contract is an extension and expansion of a services agreement that began in 2002.
Under the new deal, CSC will provide Bombardier with desktop support, service desk, network, and application management services for 20,000 users in 33 countries.
LinkedIn Gets $53 Million Injection
Business social networking firm LinkedIn has secured $53 million in new funding from a blue-chip group of venture capitalists. The injection values that company at about $1 billion.
The financing round was led by Bain Capital Ventures and includes contributions from existing investors Sequoia Capital, Greylock Partners and Bessemer Ventures.
Cadence Makes Bid for Mentor Graphics
Cadence Design Systems, a San Jose, Calif., maker of software used to design electronics and computer chips, has put forward a $1.45 billion bid to acquire smaller rival Mentor Graphics.
Cadence has been reportedly trying to strike a private deal with Mentor for close to two years, but decided this week to go public with its $16 a share offer.
Cadence says that a combined company will be able to offer a broader range and more fully integrated portfolio of products. Its software is used by companies to design and test semiconductors, printed circuit boards and various systems used in electronics.
Compiled by Mel Duvall,
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