– Symphony to Buy Hummingbird

Over on Peter O’Kelly’s blog I ran into an article about Hummingbird. As the Enterprise Conetent Management market is becoming more and more competitive, it’s worthwhile following all the news and acquisitions …

[Via Peter O’Kelly’s Reality Check] – Symphony to Buy Hummingbird: "Canadian software developer Hummingbird Ltd. agreed to be bought by Symphony Technology Group, a Silicon Valley investment company, for $465 million in cash.
The Toronto-based company, which specializes in content-management and computer-connectivity tools, said Friday it had entered a ‘definitive agreement’ to be acquired by Symphony, Palo Alto, Calif., for $26.75 a share, above Hummingbird’s Thursday closing price of $23.77. The deal is expected to close in July."

Peter de Haas
Peter de Haas

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2 reacties

  1. @ot,
    Yes I’ve read the news. If I recall correctly Humnmbird was recently acquired by one or more investment companies. They invest to make money I assume and in the shortterm this must be it.
    For me it is another proofpoint that a big consolidation in the ECM market is comaing (or there already) ECM is becoming a commodity in some area’s and Microsoft certainly intends to capatalise on that / drive that …

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