Feeds

Adobe to buy Day Software

Dips stick in Web2.0 content wasteland

Intelligent flash storage arrays

Adobe Systems has agreed to buy Switzerland-based Day Software Holding AG for around $240m in a clear move to bump up the Flash and Photoshop company's Web2.0 portfolio.

It said Day shareholders would get 139 Swiss francs per share (£81.80) in a deal valued at around 255m Swiss francs or £154.6m.

Adobe said the planned buyout wouldn’t affect its 2010 financial earnings excluding items. Instead the costs of the takeover will kick in during the firm’s fiscal 2011 term.

“With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the web as the hub of customer interaction,” said senior Adobe digital veep and general manager Rob Tarkoff.

The deal is expected to close in Adobe’s fourth quarter. Day - whose CEO, Erik Hansen, will report directly to Tarkoff - will run its product line under Adobe’s digital enterprise biz unit.

Separately, Day - which is the self-styled "pioneer" of enterprise content management systems - reported revenues of 25.1m Swiss francs(£15.2m) and net income of 3.7m Swiss francs (£2.24m) for the first half of this year. ®

Intelligent flash storage arrays

More from The Register

next story
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
Post-Microsoft, post-PC programming: The portable REVOLUTION
Code jockeys: count up and grab your fabulous tablets
Twitter App Graph exposes smartphone spyware feature
You don't want everyone to compile app lists from your fondleware? BAD LUCK
Microsoft adds video offering to Office 365. Oh NOES, you'll need Adobe Flash
Lovely presentations... but not on your Flash-hating mobe
prev story

Whitepapers

Seattle children’s accelerates Citrix login times by 500% with cross-tier insight
Seattle Children’s is a leading research hospital with a large and growing Citrix XenDesktop deployment. See how they used ExtraHop to accelerate launch times.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.