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Business news from the software development industry


By SD Times News Team
April 15, 2008 — 
Hewlett-Packard will acquire content management software maker Tower Software, a Canberra, Australia-based company that employs about 240 worldwide, HP announced. One of Tower’s main products is Trim Context, an electronic discovery and compliance suite. The acquisition will add electronic records management to HP’s existing e-discovery and compliance capabilities in information collection and retention.

EMC has made an offer to acquire Conchango, a consulting firm that specializes in developing custom applications. EMC executives said Conchango would improve EMC’s ability to provide consulting services to customers in Europe and, specifically, the United Kingdom, where Conchango is based.

Yahoo and Microsoft have created separate grant programs designed to promote women’s entrepreneurial skills. Yahoo’s Seeds for Success program will award three female entrepreneurs with business grants of more than US$25,000 each, along with mentorship and technical services. Microsoft will team with small business experts to offer women advice in starting and growing businesses.

Software configurable processors company Stretch has received US$15 million in Series B funding from its venture capital partners Worldview Technology Partners, Oak Investment Partners and Menlo Ventures. Stretch processors can be configured automatically with C/C++ programming tools.  

Earnings
Oracle’s fiscal 2008 third-quarter earnings per share rose 30%, to US$0.26, compared with the year-ago quarter, the company said. Third-quarter revenue climbed 21%, to $5.3 billion, while quarterly operating income increased 35%, to $1.9 billion, and net income was up 30%, to $1.3 billion.

Red Hat posted fiscal fourth-quarter revenue of US$141.45 million, an increase of 27% from the same quarter a year before. The company announced full-year revenue of $523 million, which it said was an increase of 31% from fiscal 2007 revenue. Net income for the full year was $76.7 million, compared with $59.9 million the previous year.

TIBCO Software reported record results for its first quarter. Total revenue rose by 17% from the year-ago quarter, to US$146.6 million, while net income was $5.5 million. Revenue for the year-earlier first quarter totaled $125.7 million.

Wireless communications specialist Smith Micro reported total revenue of US$73.4 million for fiscal 2007, a 35% increase from the $54.5 million announced the year before. Revenue for the fourth quarter of 2007 was $20 million, up from $17.2 million in the year-earlier quarter.


Related Search Term(s): Conchango, EMC, Hewlett-Packard, Microsoft, Oracle, Red Hat, Smith Micro, Stretch, TIBCO, Tower Software, Yahoo


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