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Business Briefs: January 1, 2009


By SD Times News Team
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January 2, 2009 —  Cisco Systems announced plans to invest US$100 million into an initiative focused on small-business networking and communication tools for companies with fewer than 100 employees. The Cisco Small Business Technology Group will develop technologies to help small- and medium-sized businesses work with customers, using video and the Internet.

Dell and EMC announced a multi-year extension of their global alliance through 2013. The two companies formed their alliance in October 2001. The Dell/EMC CX4 networked storage systems was a product of this alliance, along with a line of data warehousing products. Additionally, the companies are working on data-deduplication technologies, which can help reduce backup costs.

ESI Group, a supplier of digital simulation software for prototyping and manufacturing processes, announced it will acquire Vdot, a software company focused on development process management. ESI Group executives said this acquisition brings an essential aid to the decision-making functions of its VisualDSS product. Terms of the deal were not disclosed.

U.K.-based enterprise application software company Micro Focus reached an agreement to acquire Relativity Technologies, a provider of enterprise application modernization products, for approximately US$9.7 million in cash. Micro Focus executives said the acquisition will help expand its geographic reach and partner relationships. Relativity is based in Raleigh, N.C.

Research In Motion, the company that created the BlackBerry, announced it will acquire Chalk Media for US$18.75 million. Chalk Media created the Mobile chalkboard, an application suite that enables the creation and deployment of Pushcasts, which carry video and audio files to BlackBerry devices.

EARNINGS

AMD expected revenue for the fourth quarter of 2008 to be approximately 25% lower than its third-quarter 2008 revenue of US$1.585 billion. Company executives said the expected lower revenue was a result of weaker-than-expected demand across all businesses, particularly in the consumer market. AMD will report its fourth-quarter revenue on Jan. 22.

SkillSoft, a software-as-a-service provider, reported total revenue of US$83.1 million for its fiscal third quarter 2008, ended Oct. 31. The revenue was an 11% increase from the $75.1 million reported in the same quarter a year before. The company’s net income was $12 million for the third quarter, compared to a net income of $5.8 million on a year-over-year basis.




Related Search Term(s): embedded software, AMD, Chalk Media, Cisco, Dell, EMC, ESI Group, Micro Focus, Relativity, RIM, SkillSoft, Vdot


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