Sony Ericsson to buy UIQ Technology AB
Tuesday, 7 November, 2006 at 5:14 am | In Mobile telephony and communication, Software, Telecommunication Services | Leave a CommentSony Ericsson today announced it has reached agreement in principle for acquiring the Swedish software company UIQ Technology AB, a wholly-owned subsidiary of Symbian Ltd. Following completion of the acquisition, UIQ Technology will operate as a separate business subsidiary of Sony Ericsson under its current management team. UIQ on Symbian OS will continue to be openly available, licensed on equal terms to all its licensees.
QAD Inc. Acquires FBO Systems, Inc.
Tuesday, 7 November, 2006 at 3:01 am | In Services, Software | 4 CommentsQAD Inc., a global provider of enterprise software and services, today announced that it has acquired Duluth, Georgia-based FBO Systems, Inc., a provider of Enterprise Asset Management (EAM) products and professional services. Approximately 70% of the all-cash purchase price consideration will be paid within 90 days of the November 3, 2006 close date, with the remaining 30%, subject to certain performance criteria, expected to be paid over a three-year period. The total net purchase price is expected to be approximately $4 million. FBOS’ Chief Executive Officer and co-Founder, Bo Hagler, has been named Director of the Enterprise Asset Management Product Unit at QAD.
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