Feeds

Sage walks away from TeamSystem bid

Exits €650m takeover war

Security for virtualized datacentres

Sage is reportedly not bidding for Italian business management firm TeamSystem, after it mulled putting in a £542m (€650m) offer for the company last week.

Sources told the Financial Times late on Friday that no bid was put forward for TeamSystem, which is being sold by private equity outfit Bain Capital, following due diligence of the biz.

The unexpected exit by Newcastle-based Sage means that private equity companies Cinven and HgCapital, which have both bid for TeamSystem, are now in the running to take over the firm.

As the FT noted, this is the second time Sage has cautiously stepped back from bidding for a company because it doesn't want to splurge too much cash on any takeover bid.

In July Sage walked away from a bidding war over Teta because it couldn't justify raising its offer for the Polish IT provider. ®

Beginner's guide to SSL certificates

More from The Register

next story
Microsoft on the Threshold of a new name for Windows next week
Rebranded OS reportedly set to be flung open by Redmond
Business is back, baby! Hasta la VISTA, Win 8... Oh, yeah, Windows 9
Forget touchscreen millennials, Microsoft goes for mouse crowd
SMASH the Bash bug! Apple and Red Hat scramble for patch batches
'Applying multiple security updates is extremely difficult'
Apple: SO sorry for the iOS 8.0.1 UPDATE BUNGLE HORROR
Apple kills 'upgrade'. Hey, Microsoft. You sure you want to be like these guys?
ARM gives Internet of Things a piece of its mind – the Cortex-M7
32-bit core packs some DSP for VIP IoT CPU LOL
Lotus Notes inventor Ozzie invents app to talk to people on your phone
Imagine that. Startup floats with voice collab app for Win iPhone
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.