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Month: August 2006 (Page 2 of 2)

The Hummingbird Door Closes; Open Text Offer Accepted

The acceptance by Hummingbird’s Board of Directors of the Open Text offer closes the door on this summer saga, albeit with less drama than I predicted.

I do find it surprising that even a ripple of a bidding war never occured since the agreed-upon Open Text bid remains at only 10 cents more per share than the preceeding Symphony offer. Plus, there’s that $11.7 million termination fee payable to Symphony. Still, Hummingbird reports that the offer represents a 4.1 percent higher bid than Symphony and a 20.5 percent premium over the company’s May 25 share price.

Now that the saga is over, the real effects will surface. There is clearly redundancy between the two companies, and that can only mean some amount of layoffs. We would be surprised however, if that prediction extends to the RedDot division, as Open Text fills a hole with this solid WCM solution. In addition, the merger creates a larger competitor to the platform players in the ECM market but also bolsters the “foes can be friends” theory in terms of Open Text’s June decision to provide Oracle-based solutions as well as to continue strong SAP and Microsoft Sharepoint integrations.

Finally, the acquisition forces Open Text to continue proving that numerous acquisitions equal strong, integrated vertical and horizontal solutions while simultaneously pleasing longtime Hummingbird customers.

New Conference News Blog

Today we launched a new blog specifically for Gilbane Group conference, webinar, and other event announcements and news. Of course there are RSS and Atom feeds availble for the new blog so those of you who prefer to keep up with all our event activity can subscribe to those. We will still mention conference activity here, but but mostly in an editorial context. The new event blog will contain all the PR material, and also information about call-for-paper deadlines etc. The new blog is at:
https://gilbane.com/eventsblog/

Gilbane Boston session descriptions published – registration open

We have now published tutorial and session descriptions for our Fall conference (November 28-30, 2006 Westin Copley Place, Boston MA) and registration is also now open. Speaker details will be added soon.
Conference track descriptions:
http://gilbaneboston.com/06/ConferenceProgram.html
Conference session descriptions:
http://gilbaneboston.com/06/Conference-Sessions.html
Pre-conference tutorial descriptions:
http://gilbaneboston.com/06/Conference-Tutorials.html
Complete conference schedule:
http://gilbaneboston.com/06/Conference-Grid.html

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