In the Rush To Profitability, One Finds It Better To Buy Than Build - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

In the Rush To Profitability, One Finds It Better To Buy Than Build

Struggling Netzee Inc. is fleeing its catchall approach to financial-services software. In danger of being de-listed on the Nasdaq exchange, Netzee is carving away many of the bill-payment, cash-management, Web-design, analysis, and hosting services.

Following a decision last fall to focus only on Internet-based products, Netzee has jumped feet first into new products like the ones it recently bought from HomeCom Communications Inc. For an undisclosed amount, Netzee picked up HomeCom's intelligent one-to-one marketing product, a customer-base and Internet-banking software. Netzee also bought Internet-banking and bill-paying businesses from John H. Harland Co., while giving Harland a 17% stake in the company.

Netzee executives hope that buying rather than building will help the outfit see some green quickly. Earlier this month the company received a notice from The Nasdaq National Market saying the company has fallen short of the required $1 minimum bid price, and if it doesn't trade at $1 or more for 10 consecutive days before June 11, the company will be de-listed.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
What Becomes of CFOs During Digital Transformation?
Joao-Pierre S. Ruth, Senior Writer,  2/4/2020
News
Fighting the Coronavirus with Analytics and GIS
Jessica Davis, Senior Editor, Enterprise Apps,  2/3/2020
Slideshows
IT Careers: 10 Job Skills in High Demand This Year
Cynthia Harvey, Freelance Journalist, InformationWeek,  2/3/2020
Register for InformationWeek Newsletters
Video
Current Issue
IT Careers: Tech Drives Constant Change
Advances in information technology and management concepts mean that IT professionals must update their skill sets, even their career goals on an almost yearly basis. In this IT Trend Report, experts share advice on how IT pros can keep up with this every-changing job market. Read it today!
White Papers
Slideshows
Twitter Feed
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.
Sponsored Video
Flash Poll