Feeds

Lawson: swooping in on Closedloop

Infill

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Lawson Software is buying Closedloop Solutions, which develops budgeting and planning software for managing financial performance, for around $4 million.

Lawson says that the acquisition will bolster its performance management suite's capabilities. In buying Closedloop, the company is continuing the emerging trend of tier-two ERP providers buying performance management companies.

Lawson officials say Closedloop Solutions software will broaden its current Enterprise Performance Management (PM) suite, which is built around a technology partnership with Hyperion Solutions.

Lawson is to rebrand Closedloop's applications as Lawson Budgeting and Planning and expects to release an integrated suite offering between December and February.

Hyperion has issued a statement saying that its OEM partnership with Lawson, which has been in place since 1996, will remain unchanged following the acquisition.
Hyperion offers its own comprehensive PM suite, and Closedloop Solutions offers some capabilities that compete directly with Hyperion's own Planning product, which Lawson resells. However, Hyperion says that license revenues derived from Lawson's OEM sales of Planning, as well as its Essbase OLAP engine, were not material to the company in fiscal 2003.

The deal is expected to close within ten days and Lawson has reassured existing Closedloop customers that it will continue support for its software products.

Last week, Lawson also said it was buying San Francisco-based Apexion Technologies, a privately held provider of software to help healthcare institutions track medical equipment, for $8 million. Lawson also recently bought Numbercraft, a UK-based retail software maker for an undisclosed sum.

Lawson's move is not dissimilar to Geac Computer's acquisition of business intelligence (BI) stalwart Comshare this June to kick start its own PM solutions. However, Lawson paid substantially less than the $52 million that Geac forked out.

Hyperion Solutions, along with Cognos and SAS Institute are generally regarded as the leading players in the PM market. Larger ERP providers, such
as SAP and PeopleSoft, also offer their own PM solutions - which are mostly the result of internal development efforts. But they appear to be less likely to acquire than tier-two ERP vendors. The market can expect a further shake-out as smaller specialist PM vendors, such as OutlookSoft, Longview Solutions, SRC Software and Cartesis continue to catch the eye.

Source: Computerwire/Datamonitor

Related Research
BPO: the star of FSI spending growth in 2003
Understanding customer ownership opportunities
Business Continuity in Financial Services

Beginner's guide to SSL certificates

More from The Register

next story
Docker's app containers are coming to Windows Server, says Microsoft
MS chases app deployment speeds already enjoyed by Linux devs
'Hmm, why CAN'T I run a water pipe through that rack of media servers?'
Leaving Las Vegas for Armenia kludging and Dubai dune bashing
'Urika': Cray unveils new 1,500-core big data crunching monster
6TB of DRAM, 38TB of SSD flash and 120TB of disk storage
Facebook slurps 'paste sites' for STOLEN passwords, sprinkles on hash and salt
Zuck's ad empire DOESN'T see details in plain text. Phew!
SDI wars: WTF is software defined infrastructure?
This time we play for ALL the marbles
Windows 10: Forget Cloudobile, put Security and Privacy First
But - dammit - It would be insane to say 'don't collect, because NSA'
Oracle hires former SAP exec for cloudy push
'We know Larry said cloud was gibberish, and insane, and idiotic, but...'
Symantec backs out of Backup Exec: Plans to can appliance in Jan
Will still provide support to existing customers
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.