Tom Sweeney

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Archive for November, 2010

Halogen touts 38% revenue increase in third quarter

Posted by sweens on November 5, 2010

Ottawa’s Halogen Software finished its third quarter of 2010 with “significant market momentum” and a 38 per cent revenue increase in annual recurring revenue, according to a release by the firm.

The company, which is privately owned, only released selected financial parameters, focusing on its new customer wins and recognition at the HR Technology Conference in September.

New customers the firm added include IMAX Corp., LinkedIn Corp., U.S. Court Services and Baltimore Life Insurance.

In addition, Halogen released two new products for public sector and hospitality organizations.

http://www.obj.ca/Technology/2010-11-05/article-1926279/Halogen-touts-38%25-revenue-increase-in-third-quarter/1

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Oracle to buy ATG for $1B

Posted by sweens on November 2, 2010

The business software provider Oracle says it has agreed to acquire e-commerce software maker Art Technology Group Inc. for US$1 billion in cash.

The purchase price works out to $6 per share. That is a 46 per cent premium over Cambridge, Mass.-based Art Technology’s closing price on Monday.

The deal needs shareholder and regulatory approval. Oracle said Tuesday it expects to complete the acquisition by early next year.

Oracle Corp., based in Redwood Shores, Calif., makes a wide range of business software.

http://www.obj.ca/Technology/2010-11-02/article-1918494/Oracle-to-buy-ATG-for-%241B/1

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Bridgewater’s Q3 net income doubles

Posted by sweens on November 2, 2010

Bridgewater Systems says its third-quarter net income doubled to $3.4 million and raised its 2010 profit target range as revenue increased by 52 per cent over the same time last year.

The Ottawa-based technology company’s profit amounted to 13 cents per share with $23.9 million in revenue.

That’s up from $1.7 million or seven cents per share of net income with $15.8 million of revenue in the third quarter of 2009.

Bridgewater, which provides mobile personalization technology to telecom carriers, also provided updated guidance for 2010.

It now expects between $12 million and $13.5 million in net income. The previous range had been lower at between $10 million and $12 million.

Bridgewater also raised the lower end of its revenue range by $9 million to $92 million, but left the higher end of the range intact $94 million.

http://www.obj.ca/Technology/2010-11-02/article-1918490/Bridgewaters-Q3-net-income-doubles/1

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