People have been coming to me with news of a new consulting company ... Sunguard Consulting Company (I thought that Sunguard already had a consulting company).
Looks like Chris Conte saw some value in my old employer, and made an offer. But, according to my various sources, the only catch is that 50% of the consultants have to stay in order for the deal to go through.
Are Lab49 and Infusion next? They would certainly make a tasty snack for Larry Ellison.
©2007 Marc Adler - All Rights Reserved
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3 comments:
Very interesting, so what rational does a large organization have for purchasing a small org like your previous employer, is it just aquisition of people? Wonder how the management structure will now change, will be interesting to watch how this all plays out. Good luck to all involved, I am sure you will need it.
They have had one for years. Also, it's SunGard (common missssspelling :)
Having worked for SunGard (I was in a co. that was purchased) the blush wears off fast.
The model goes against their existing capital structure expections of purchasing cash cow software companies, then milking the cow to death with no further R&D, then when the cow dies, find another in the same category.
Also, the real goal of the organization is to put SunGard products & services into play in discussion. If they run it at break-even or loss leader, then it makes sense. But frankly, SunGard needs more real R&D to keep their current products "current" - lots of hard-coded legacy beasts that are hard to maintain, closed, etc.
Thanks for the correction ... SunGard it is!
I also envision that Finetix will turn into a support organization for the lot of SunGard products. I cannot imagine that any Finetix employee will want to stay with an organization that is set up in this manner. I have always thought of SunGard in the same vein as I think if Computer Associates ... very acquisitve, with a milk-and-destroy attitude.
It will be very interesting to see what transpires at Finetix over the next few months.
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