Feeds

JDA Software looking to sell itself, they do say

Seeking friend, solvent, gsoh, for discreet transaction

High performance access to file storage

Enterprise tech firm JDA Software is rumoured to be trying to sell itself, hiring JPMorgan Chase to look for those who might be willing to gobble it.

Sources told Reuters that the sale process was at an advanced stage and both private equity and tech firms were interested in the company.

JDA's financial results for 2011 came under scrutiny from the Security and Exchange Commission's division of Enforcement and Corporation Finance, which was looking into accounting matters in the statement. Although the probe found "no evidence of fraud or intentional wrongdoing", JDA had to restate different parts of its results from 2007 to 2011.

The firm said in a filing that an internal audit showed that it had to change its "revenue recognition". The changes didn't actually affect the total revenues JDA had made but some of the earnings had been reported in the wrong quarters, it said.

Current investors in JDA include Praesidium Investment Management Company, BlackRock, The Vanguard Group and Ameriprise Financial. ®

High performance access to file storage

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Nokia offers 'voluntary retirement' to 6,000+ Indian employees
India's 'predictability and stability' cited as mobe-maker's tax payment deadline nears
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
France bans managers from contacting workers outside business hours
«Email? Mais non ... il est plus tard que six heures du soir!»
Adrian Mole author Sue Townsend dies at 68
RIP Blighty's best-selling author of the 1980s
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Analysts: Bright future for smartphones, tablets, wearables
There's plenty of good money to be made if you stay out of the PC market
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.