IoT
Software // Enterprise Applications
News
9/25/2003
07:32 PM
50%
50%

Lawson To Buy Closedloop

It says Closedloop's financial planning, budgeting, and forecasting software will strengthen its enterprise performance management product line.

Enterprise applications vendor Lawson Software Inc. is acquiring Closedloop Solutions Inc., a privately held supplier of financial planning, budgeting, and forecasting software, for an undisclosed sum. The buyout is the latest of several similar deals, including Cognos Inc.'s acquisition of Adaytum Inc. earlier this year and Geac Computer Corp.'s purchase of Comshare Inc. last month.

Lawson says Closedloop's software will strengthen its enterprise performance-management product offerings. Enterprise performance management links strategy and planning with execution and management by helping managers monitor business processes and then using that insight to improve them.

The acquisition is subject to approval by Closedloop Solutions' shareholders. Lawson expects to complete the buyout within 10 days. Lawson, based in St. Paul, Minn., will retain most Closedloop employees at the company's Redwood City, Calif., headquarters.

Closedloop's software will be renamed Lawson Budgeting and Planning and will be integrated with Lawson's existing Enterprise Performance Management Suite. Lawson expects to ship a new version of the Closedloop software sometime during the quarter that begins Dec. 1.

Comment  | 
Print  | 
More Insights
Building A Mobile Business Mindset
Building A Mobile Business Mindset
Among 688 respondents, 46% have deployed mobile apps, with an additional 24% planning to in the next year. Soon all apps will look like mobile apps and it's past time for those with no plans to get cracking.
Register for InformationWeek Newsletters
White Papers
Current Issue
How to Knock Down Barriers to Effective Risk Management
Risk management today is a hodgepodge of systems, siloed approaches, and poor data collection practices. That isn't how it should be.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.