January 6, 1999 |
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.
June 10, 1994 |
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.
June 11, 1986
Mike Sweeney has been appointed marketing representative in the San Diego area for DataWorks Corp.
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.
July 9, 1999 |
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.