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BUSINESS
October 14, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
In another sign that it has left its troubles far behind, Platinum Software Corp. said Tuesday that it agreed to buy rival DataWorks Corp., a San Diego-based maker of business management software, for about $92.8 million. The deal, the largest Platinum acquisition in recent history, will expand the Irvine company's customer base, triple its staff and improve its access to in-house research. Platinum said it will issue 11.5 million new shares of common stock to pay for the deal.
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BUSINESS
January 6, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
On the heels of its $84-million acquisition of San Diego rival DataWorks Corp., Platinum Software Corp. in Irvine will cut 15% of its worldwide staff and restructure its executive suite. Both firms make software that streamline operations at mid-size corporations, particularly companies with annual revenues under $500 million. The deal, completed Dec. 31, transforms Platinum into one of the industry's largest makers of business management software.
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BUSINESS
January 6, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
On the heels of its $84-million acquisition of San Diego rival DataWorks Corp., Platinum Software Corp. in Irvine will cut 15% of its worldwide staff and restructure its executive suite. Both firms make software that streamline operations at mid-size corporations, particularly companies with annual revenues under $500 million. The deal, completed Dec. 31, transforms Platinum into one of the industry's largest makers of business management software.
BUSINESS
October 14, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
In another sign that it has left its troubles far behind, Platinum Software Corp. said Tuesday that it agreed to buy rival DataWorks Corp., a San Diego-based maker of business management software, for about $92.8 million. The deal, the largest Platinum acquisition in recent history, will expand the Irvine company's customer base, triple its staff and improve its access to in-house research. Platinum said it will issue 11.5 million new shares of common stock to pay for the deal.
BUSINESS
June 10, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
Madic-Compufact Corp., a computer integration firm, said Thursday that it will merge with San Diego-based DataWorks Corp. The combined company, which will install computer systems in factories, will have $25 million in annual sales, 150 employees and good prospects for additional hiring. No layoffs are expected. Terms of the merger were not disclosed.
BUSINESS
June 11, 1986
Mike Sweeney has been appointed marketing representative in the San Diego area for DataWorks Corp.
BUSINESS
April 28, 1999
Platinum Software Corp.: The Irvine provider of business performance solutions reported first-quarter net income of $2.1 million, or 5 cents a share, on revenue of $66.1 million. The company said year-earlier results were not comparable because it changed its fiscal year end from June 30 to Dec. 31, and completed a merger with DataWorks Corp. on Dec. 31.
BUSINESS
July 9, 1999 | (Dow Jones)
Epicor Software Corp.'s stock fell 23%, or $1.63 a share, on Thursday to $5.38 after the Irvine supplier of management software warned its fiscal second-quarter earnings will be at or near the break-even level. The company attributed the disappointing results to continuing merger-related sales issues and a decline in demand for some software products. Epicor said it expects third- and fourth-quarter revenue to be similar to second-quarter revenue.
BUSINESS
September 9, 1996 | GREG MILLER, TIMES STAFF WRITER
Having boosted its Orange County staff by nearly 50% over the last year, DataWorks Corp. plans to move its local operations from Garden Grove to a larger office in the Irvine Spectrum today. The San Diego-based company makes business management software for manufacturing companies. DataWorks has 100 employees in Orange County, up from 67 a year ago, and the company plans to hire more programmers, designers and other workers in coming months, said spokeswoman Chris Jensen.
BUSINESS
June 10, 1994 | DEAN TAKAHASHI, TIMES STAFF WRITER
Madic-Compufact Corp., a computer integration firm, said Thursday that it will merge with San Diego-based DataWorks Corp. The combined company, which will install computer systems in factories, will have $25 million in annual sales, 150 employees and good prospects for additional hiring. No layoffs are expected. Terms of the merger were not disclosed.
BUSINESS
March 25, 2000
Epicor Software Corp., an Irvine management software supplier, said Friday it has agreed to pay $1.8 million to settle a lawsuit that Alyn Corp. in Irvine had pending against a company that Epicor brought early last year. Epicor said in a news release that it agreed to settle the suit against Dataworks Corp., which had been sued over a software licensing agreement.
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