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Friday, May 26, 2006
Private Equity Play : Hummingbird Acquired
Romesh Wadhwani's Symphony is all set to acquire Hummingbird for 465 million USD, subject to all clearances. With this Hummingbird becomes a part of the list of symphony group companies. Private equity players are getting more and more bold and are expected to move in fast and begin acquiring medium and large technology companies. I personally believe that a lot more midtier companies particularly in the ECM space are likely to look at opportunity to get acquired. In the last few months, Broadvision has been desperately trying to get acquired. There is speculation about the fate of Opentext, the other canadian player in the ECM space.
Category :Hummingbird, Enterprise Software |
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