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Archive for October, 2011

Innovative Payroll Software Helps Non-profits Battle the Recession

October 29th, 2011

Recession hits businesses hard, as well as non-profits. Since people and institutions have less disposable income, nonprofits receive fewer donations and struggle to keep their charity functioning. In tough economic times, how to be efficient is critical for any church and non-profit organization. Small business payroll software provider, released the new improved ezPaycheck payroll software in time, which makes it easy and quick to change from running payroll by hand to computerized payroll.

This affordable, super-simple, custom streamlined payroll and tax software – available at payroll_software_download.asp – is ideal for non-profits and businesses with unique tax situations. Churches and other religious organizations, who don’t deduct FICA taxes for clergy members, will find these new control features particularly appealing.

The newly upgraded version of the already popular product was updated according to the suggestions from customers including:

New form-level Help buttons – provide more information about functions that customers frequently have questions about, including W3 control numbers, W2 establishment numbers, state ID’s, and other data required by forms.

Easier license key registration – makes it faster and easier to register a purchased license key and unlock the trial software for unlimited use.

Faster, easier Year-to-Date key function – increases the payroll software’s ease of use when starting use of the software in the middle of a fiscal year.

Updated “Generating New Paycheck” screen – includes a new Help button on the screen and new MEMO field for more detailed notes.

Improved data back-up and restore features – makes it faster and easier to back up payroll data for security

Source:http://your-story.org/innovative-payroll-software-helps-non-profits-battle-the-recession-281130/

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Open-Source Software Exhibit Models Human Motion

October 29th, 2011

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OpenSim, open-source software that is designed to accurately model human motion, is on display at The Leonardo, a science and technology museum in Salt Lake City. Designed by Scott Delp, PhD, a professor of bioengineering, mechanical engineering, and orthopedic surgery at Stanford University, Palo Alto, Calif, OpenSim was created to help medical professionals and bioengineers study, diagnose, and correct abnormalities in how people move.

The Leonardo exhibit consists of two parts. The first invites visitors to walk across a pressure-sensitive floor, presenting them at the end with a color-coded printout of their weight distribution, identifying even slight imbalances that may be putting unnecessary stress on their limbs and joints.

“This one is fun because people can insert various orthotics in their shoes and see how they affect their movement,” says Andy Anderson, PhD, a research assistant professor at the University of Utah School of Medicine, Salt Lake City. Anderson was the driving force behind OpenSim’s involvement in the exhibit.

The second part of the exhibit is for a younger audience. The OpenSim development team is creating an interactive soccer game, where a real-world player adjusts the strength of two leg muscles on the simulated soccer player in order to kick a virtual ball into a virtual net.

“This is a simplified version of our software, but by honing things down to just two muscles we can make the science of movement something kids can understand and have fun with,” says Jennifer Hicks, PhD, a mechanical engineer and the OpenSim project manager at Stanford.

The OpenSim development team hopes that the application will not only be able to help delay or avoid hip and knee replacements, but will eventually help in the development of prosthetics that are able to read and interpret electrical impulses to control the devices.

Source:http://www.ptproductsonline.com/news/2011-10-28_02.asp

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Microsoft works out how to play Skype

October 29th, 2011

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Wall Street is warming up to Microsoft Corp’s $8.5 billion purchase of online chat service Skype.

After initial shock at the price — more than double its expected public valuation — investors think Microsoft made a smart move buying advanced communications technology it can put into its products along with a ready base of users.

But there are still concerns the world’s biggest software company — with a patchy record on pleasing consumers and making acquisitions work — can really pull it off.

“It’s got huge potential. It pulls them directly into the telecoms area and they need to diversify,” said Nick Landell-Mills at Indigo Equity Research. “But they haven’t really made a lot of acquisitions. And Microsoft has noticeably failed so far on consumer. They are essentially an enterprise organization.”

Microsoft’s headquarters in Redmond, Washington, and Skype’s US base in Silicon Valley are buzzing as the two companies start the process of working together.

Skype chief Tony Bates has been in Redmond with his team for much of the past two weeks, after the deal closed.

Microsoft has not said what it plans for Skype — its biggest acquisition to date — except to say it is “incredibly excited” about getting the service into its products.

Most expect Skype video chat and messaging will start to appear soon on Xbox game consoles, Windows phones and Windows Live messenger, and later as an expansion to its Lync messaging and video chat service for businesses.

THE STRATEGY

Skype, which popularized the VoIP — voice over Internet protocol — method of using a computer as a phone, is the clear leader in the market, with 145 million users who sign in at least once a month.

Its online chat service is free, but it has 8.8 million customers paying for premium services such as placing calls to mobile phones or landlines from a PC and video-conferencing, which it is pitching strongly to businesses.

Microsoft is hoping Skype will enrich its own programs and platforms and become a vehicle for ads, without frightening off Skype’s loyal customers.

The most likely first step will be to bring Skype to the nearly 35 million active members of Xbox Live, Microsoft’s online gaming setup, allowing players to video-chat while they play games or watch movies.

“They are turning the Xbox form purely a gaming device to being a communications or entertainment console,” said Mark Moerdler, senior research analyst at Sanford C. Bernstein. “You can sit at your Xbox and be able to talk to other people through the camera in Kinect.”

Microsoft will then look to introduce Skype as an app on its Windows Phones and make it complementary to its PC software, analysts said, helping it battle rival services Google Talk and Apple Inc’s FaceTime.

The strategy will be to draw more people into Skype, especially business users, pushing them towards paid services.

“It’s a huge installed base and Microsoft can target them with services from Bing, ads and so on,” said Jack Gold, head of J. Gold Associates, a telecoms research firm. “Skype can also plug into the Lync environment and give Microsoft scalability way beyond what they can do now, as many companies already use Skype.”

TRACK RECORD

Microsoft regularly buys small companies as a way of bringing new technology and talent into the company. But it rarely makes big purchases.

Aside from its failed 2008 bid for Internet giant Yahoo Inc, the company tends not to venture into multibillion dollar deals.

Of the big acquisitions it has done, the record is patchy at best. A decade ago it spent almost $2.5 billion buying business software firms Great Plains and Navision, which now form a central part of its offerings for corporations.

But its $6 billion deal to buy online ad firm aQuantive in 2007 — its biggest deal before Skype — was a flat out failure, with aQuantive’s managers fleeing the new regime.

On the consumer side of the business, its record is also unconvincing. Microsoft made a great deal buying video game maker Bungie on the cheap in 2000 and used its wildly popular Halo combat game to establish the Xbox as a power in the console market. Despite that success, Bungie split from Microsoft in 2007.

Source:http://economictimes.indiatimes.com/tech/software/microsoft-works-out-how-to-play-skype/articleshow/10525723.cms

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India shuts server linked to Duqu computer virus

October 29th, 2011

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Indian authorities seized computer equipment from a data center in Mumbai as part of an investigation into the Duqu malicious software that some security experts warned could be the next big cyber threat.

Two workers at a web-hosting company called Web Werks told Reuters that officials from India’s Department of Information Technology last week took several hard drives and other components from a server that security firm Symantec Corp told them was communicating with computers infected with Duqu.

News of Duqu first surfaced last week when Symantec said it had found a mysterious computer virus that contained code similar to Stuxnet, a piece of malware believed to have wreaked havoc on Iran’s nuclear program.

Government and private investigators around the world are racing to unlock the secret of Duqu, with early analysis suggesting that it was developed by sophisticated hackers to help lay the groundwork for attacks on critical infrastructure such as power plants, oil refineries and pipelines.

The equipment seized from Web Werks, a privately held company in Mumbai with about 200 employees, might hold valuable data to help investigators determine who built Duqu and how it can be used. But putting the pieces together is a long and difficult process, experts said.

“This one is challenging,” said Marty Edwards, director of the US Department of Homeland Security’s Industrial Control Systems Cyber Emergency Response Team. “It’s a very complex piece of software.”

He declined to comment on the investigation by authorities in India, but said that his agency was working with counterparts in other countries to learn more about Duqu.

Two employees at Web Werks said officials from India’s Department of Information Technology came to their office last week to take hard drives and other parts from a server.

They said they did not know how the malware got on to Web Werks’ server. “We couldn’t track down this customer,” said one of the two employees, who did not want to be identified for fear of losing their jobs.

An official in India’s Department of Information Technology who investigates cyber attacks also declined to discuss the matter. “I am not able to comment on any investigations,” said Gulshan Rai, director of the Indian Computer Emergency Response Team, or CERT-In.

UNLOCKING THE SECRET

Stuxnet is malicious software designed to target widely used industrial control systems built by Germany’s Siemens. It is believed to have crippled centrifuges that Iran uses to enrich uranium for what the United States and some European nations have charged is a covert nuclear weapons program.

Duqu appears to be more narrowly targeted than Stuxnet as researchers estimate the new trojan virus has infected at most dozens of machines so far. By comparison, Stuxnet spread much more quickly, popping up on thousands of computer systems.

Security firms including Dell Inc’s SecureWorks, Intel Corp’s McAfee, Kaspersky Lab and Symantec say they found Duqu victims in Europe, Iran, Sudan and the United States. They declined to provide their identities.

Duqu — so named because it creates files with “DQ” in the prefix — was designed to steal secrets from the computers it infects, researchers said, such as design documents from makers of highly sophisticated valves, motors, pipes and switches.

Experts suspect that information is being gathered for use in developing future cyber weapons that would target the control systems of critical infrastructure.

The hackers behind Duqu are unknown, but their sophistication suggests they are backed by a government, researchers say.

“A cyber saboteur should understand the engineering specifications of every component that could be targeted for destruction in an operation,” said John Bumgarner, chief technology officer for the US Cyber Consequences Unit.

That is exactly what the authors of Stuxnet did when they built that cyber weapon, said Bumgarner, who is writing a paper on the development of Stuxnet.

“They studied the technical details of gas centrifuges and figured out how they could be destroyed,” he said.

Such cyber reconnaissance missions are examples of an increasingly common phenomenon known as “blended” attacks, where elite hackers infiltrate one target to facilitate access to another.

Hackers who infiltrated Nasdaq’s computer systems last year installed malware that allowed them to spy on the directors of publicly held companies.

In March, hackers stole digital security keys from EMC Corp’s RSA Security division that they later used to breach the networks of defense contractor Lockheed Martin Corp.

Researchers said they are still trying to figure out what the next phase of Duqu attacks might be.

“We are a little bit behind in the game,” said Don Jackson, a director of the Dell SecureWorks Counter Threat Unit. “Knowing what these guys are doing, they are probably a step ahead.”

Source:http://economictimes.indiatimes.com/tech/software/india-shuts-server-linked-to-duqu-computer-virus/articleshow/10525202.cms

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Oracle Financial Services Software

October 29th, 2011

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Oracle Financial Services Software reported a muted 2% y-o-y rise in revenues to Rs. 756.17 crore for the quarter ended September 2011. Product revenues grew 4.3% to Rs. 524.5 crore comprising 69.36% of revenues.

OPM was down 500bps to 32.8% on the back of increase in cost of revenues. The resulting operating profits declined 12% to Rs. 248.35 crore.

Interest/Other Income shot up by 314% from Rs. 33.63 crore to Rs. 139.35 crore. Depreciation rose by 9% to Rs. 9.87 crore. A customer has filed a lawsuit against the Company and one of its subsidiaries, claiming damages of upwards of Rs. 559.28 crore. While the claims are being rigorously defended by the Company and counter claims raised against the customer (or breach of contract and outstanding fees, a mediation process has been initiated by the parties concerned In respect of this claim, the Company has provided Rs. 86.56 crore and Rs. 12.20 crore in the three month period ended September 30. 2011 and September 30. 2010 respectively and has disclosed the same as an exceptional item in the financial results for the three month period ended September 30, 2011. In respect of this matter, future cash outflow is determinable only on settlement of this case. EO thus increased by 609% from Rs. 12.21 crore to Rs. 86.56 crore, the resultant PBT was lower by 1% to Rs. 291.28 crore.

Tax provisioning increased substantially during the quarter with the effective tax rate nose-diving from 10.26% to 28.36%. Net Profit thus de-grew 21% to Rs. 208.67 crore.

The headcount at the end of the quarter stood at 9509 employees: Product – 5271, Services – 2830, support – 685, KPO – 723. On q-o-q basis for the quarter, on net basis, the Company’s employees increased by 168. Product business saw increase of 362 employees, Services business saw reduction of 131 employees, support was down 45 employees and KPO business saw decrease of 18 employees

Y-o-Y Performance: (Indian GAAP)

On the back of 4.32% Y-o-Y rise in the product business revenues to Rs. 524.5 crore (69.36% of total) and 39.57% increase in BPO revenues to Rs. 25.47 crore (3.37% of total) despite a 7.34% fall in services revenues to Rs. 206.24 crore (27.27% of total), Oracle Financial reported 2% rise in the consolidated operating revenues to Rs. 756.17 crore.

Operating margins were down by 500bps to 32.8% due to 370bps increase in cost of revenues to 48.98% of sales and 54bps rise in S&M to 9.24% of sales and 74bps increase in G&A to 8.94% of sales, the resultant operating profit was down 12% to Rs. 248.35 crore.

For the quarter, other income (net of interest) rose 314% to Rs. 139.35 crore from Rs. 33.63 crore in the corresponding quarter last year mainly due to increase in Interest income as well as lower forex losses. PBDT grew 23% to Rs. 387.7 crore. Depreciation & amortization charge increased 9% to Rs. 9.87 crore.

A customer has filed a lawsuit against the Company and one of its subsidiaries, claiming damages of upwards of Rs. 559.28 crore. While the claims are being rigorously defended by the Company and counter claims raised against the customer (or breach of contract and outstanding fees, a mediation process has been initiated by the parties concerned In respect of this claim, the Company has provided Rs. 86.56 crore and Rs. 12.20 crore in the three month period ended September 30. 2011 and September 30. 2010 respectively and has disclosed the same as an exceptional item in the financial results for the three month period ended September 30, 2011. In respect of this matter, future cash outflow is determinable only on settlement of this case. EO thus increased by 609% from Rs. 12.21 crore to Rs. 86.56 crore, the resultant PBT was lower by 1% to Rs. 291.28 crore.

Provision for taxation more than doubled to Rs. 82.6 crore at an effective tax rate of 28.36% against 10.26% in the corresponding quarter previous year. Net profit was thus down 21% to Rs. 208.67 crore.

Half year performance

On the back of 11.52% rise in the product business revenues to Rs. 1005.46 crore (68.48% of total) and 9.15% increase in BPO revenues to Rs. 38.83 crore (2.64% of total) despite a 7.19% fall in services revenues to Rs. 423.96 crore (28.88% of total), Oracle Financial reported 5% rise in the consolidated operating revenues to Rs. 1468.25 crore.

Operating margins were down by 190bps to 32.5% due to 208bps increase in cost of revenues to 49.66% of sales and 3bps rise in G&A to 9.07% of sales despite 29bps decrease in S&M to 8.73% of sales, the resultant operating profit was flat at Rs. 477.89 crore.

Other income (net of interest) rose 243% to Rs. 214.35 crore from Rs. 62.54 crore in the corresponding period last year mainly due to increase in Interest income as well as lower forex losses. PBDT grew 28% to Rs. 692.24 crore. Depreciation & amortization charge decreased 1% to Rs. 19.94 crore.

A customer has filed a lawsuit against the Company and one of its subsidiaries, claiming damages of upwards of Rs. 559.28 crore. While the claims are being rigorously defended by the Company and counter claims raised against the customer (or breach of contract and outstanding fees, a mediation process has been initiated by the parties concerned In respect of this claim, the Company has provided Rs. 86.56 crore and Rs. 12.20 crore in the three month period ended September 30. 2011 and September 30. 2010 respectively and has disclosed the same as an exceptional item in the financial results for the three month period ended September 30, 2011. In respect of this matter, future cash outflow is determinable only on settlement of this case. EO thus increased by 609% from Rs. 12.21 crore to Rs. 86.56 crore and the resultant PBT was higher only by 15% to Rs. 585.75 crore.

Provision for taxation was up more than three times to Rs. 172.85 crore at an effective tax rate of 29.51% against 10.26% in the corresponding period previous year. Net profit was thus down 10% to Rs. 412.89 crore.

FY2011 Performance (Indian GAAP)

For the year ended March 2011, consolidated operating revenues rose 4% to Rs. 2996.93 crore on the back of 5% rise in product and IT services revenues to Rs. 1996.54 crore (67% of total) and Rs. 927.44 crore (31% of total) whereas BPO revenues de-grew 14% to Rs. 72.95 crore (2% of total).

OPM improved 160bps to 37.4% on the back of 350bps improvement in PBIT margins of product business to 47.9%, IT business margins were up 100bps to 24.9% and for BPO business worsened to 31.9% against 37.4% in the previous year. Cost of revenues as a percentage of revenues were down 280bps to 44.52%. The margins were benefited by higher off-shoring up 200bps to 52%, higher fixed price engagements up 200bps to 36% and lower headcount.

Operating profits grew 9% to Rs. 1122 crore. Net other income of the company was income of Rs. 166.83 crore against expense of Rs. 85.62 crore in the previous year, which includes interest income of Rs. 139.55 crore, up 99% and forex gain of Rs. 22.72 crore against loss of Rs. 156.87 crore in the previous year. The resultant PBDT was up 37% to Rs. 1288.82 crore. Depreciation charge decreased 16% to Rs. 40.82 crore, the resultant PBT was up 40% to Rs. 1248 crore.

Provision for taxation was up 14% to Rs. 137 crore but effective tax rate was down by 242bps to 10.98% as a result of which PAT grew 44% to Rs. 1111 crore. Net profit after minority interest grew 44% to Rs. 1111 crore.

Key Matrix

* Oracle Financial added 7 customers in products and 5 in services. 16 customer completed deployment for core banking operations. The new licenses signed during the quarter were of US$ 9 million.

o Of the product revenues, license fees constituted 6% (12% in sequential quarter and 28% in corresponding previous quarter), professional services constituted 68% (58% in sequential quarter and 47% in corresponding previous quarter) and AMC constituted 25% (30% in sequential quarter and 25% in corresponding previous quarter).

* Geographically for the product segment for the quarter, USA contributed 24% (24% in sequential quarter and 17% corresponding previous quarter), Middle East & Africa 21% (15% in sequential quarter and 18% corresponding previous quarter), Asia Pacific 32% (31% in sequential quarter and 36% corresponding previous quarter), Europe 22% (24% in sequential quarter and 26% corresponding previous quarter) and Latin America & Caribbean at 1% (5% in sequential quarter and 3% corresponding previous quarter).

* Geographically for the services segment for the quarter, USA contributed 63% (53% in sequential quarter and 57% corresponding previous quarter), Middle East & Africa 3% (5% in sequential quarter and 4% in corresponding quarter), Asia Pacific 19% (26% in sequential quarter and 25% corresponding previous quarter) and Europe 14% (15% in sequential quarter and 13% corresponding previous quarter) and Latin America and Caribbean 1% against 1% in sequential quarter as well as corresponding quarter..

* Customer concentration wise for the company as a whole, the top customer contributed 12% (10% in sequential quarter and 15% corresponding previous quarter) of the revenues, top 5 customers 29% (27% in sequential quarter and 27% corresponding previous quarter), top 10 customers 38% (36% in sequential quarter and 36% corresponding previous quarter) and Citigroup & its entities 22% (22% in sequential quarter and 23% corresponding previous quarter).

* Trade Receivables as per days of sales outstanding were 97 days (99 days sequential quarter).

* The onsite & offshore revenue breakup stood at 45:55 (52:48 in the sequential quarter and 51:49 in corresponding quarter). Revenues as per contract the ratio of Fixed price and time & material basis stood at 26:74 as against 28:72 in the sequential quarter and 38:62 in the corresponding quarter.

Management Comments

Chet Kamat, CEO & Managing Director, said:

Our product revenues grew 4% over the corresponding quarter year-over-year. We are continuing our investments in the core offerings in banking and analytics solutions and in the sales infrastructure. We are also consolidating our operations in order to create a highly responsive, agile and customer-focussed organization. Our traction in tier-one banks continues to be strong and our new and repeat wins testify to the strength and breadth of the overall Oracle offering for Financial Services.

Makarand Padalkar, CFO, said:

We maintained the focus on delivering robust operating performance. Operating margin for the quarter was 32%. For the six-month period ended September 2011, the profit before tax grew 15% compared to the same period year-over-year.

Shareholding Pattern

As of September 30, 2011, Promoters hold 80.4% (80.42% at the end of sequential quarter), foreign investors hold 2.68% (2.66% at the end of sequential quarter), MFs/FIs & Banks hold 5.03% (4.77% at the end of sequential quarter), and others hold 11.89% (12.15% at the end of sequential quarter).

Source:http://www.indiainfoline.com/Markets/News/Oracle-Financial-Services-Software/3990262045

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Google Upgrades Its TV Software

October 29th, 2011

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Google Inc. on Friday announced an update to the software for Google TV, a service designed to expand the company’s footprint into living rooms.

The company said it simplified the Google TV software, which allows users to access the Internet and search for Web-video content through their TV screens. Google also said it improved the way people can simultaneously search for content on their live TV listings as well as Google’s YouTube video site, on-demand shows available on Amazon.com and Netflix.com, among others. Viewers can choose to limit their searches to just high-definition content.

The initial version of the service—introduced last year through Internet-connected Sony Corp. TVs as well as a device made by Logitech International SA that hooks up to existing TVs—received mixed reviews and didn’t appear to catch on with consumers. Google has struck new deals with chip makers and device makers and TV makers such as Vizio Inc. to bring to market new Google TV-powered devices next year.

The company has styled the Google TV software as a platform for content companies and others to develop TV applications, just as Google’s Android software and Apple Inc.’s iPhone and iPad products have spawned marketplaces for mobile-device applications. On Friday Google said apps available in the Android market will be available through Google TV.

Google, which announced the update in a blog post, said the new software will be coming to Sony devices starting early next week and Logitech devices soon thereafter.

An app for Google TV called Thuuz, for instance, alerts people when there is an “exciting” live sports event they should watch, such as a baseball game with a tie score in the bottom of the ninth inning.

The company also said the Google TV app for video site YouTube had been redesigned so that it works better on TV screens.

Google has struck deals with media companies such as RTL Group, IAC and News Corp. as well as online-video creators to produce original content for YouTube in the hopes that people will want to watch the Web shows on their Internet-connected TVs, people familiar with the matter have said. Google will sell ads against the free content, which will be organized into “channels” just like traditional cable. Google plans to announce the content deals as soon as next week, these people said.

News Corp. owns The Wall Street Journal.

Google’s vision for Google TV differs from that of some competing offerings, such as Apple TV, in attempting to provide access to all content on the Internet, not establishing a narrower “walled garden” of Web offerings that have been formatted for use on TVs.

Google TV has been viewed by some analysts as a potential threat to cable and satellite companies because it allows viewers to access a large selection of online video content, potentially showing them there is enough online content that a cable subscription isn’t necessary.

In addition, major TV networks ABC, CBS, NBC and Fox have blocked programming on their websites, including a joint venture called Hulu LLC, from being viewable on Google TV. Media executives privately have said they are skeptical that Google can provide a business model that would compensate them for potentially cannibalizing existing broadcast businesses.

For its part, Google has said Google TV is meant to complement TV and cable, not replace it. “New television platforms need to be built to open up the living room and enable great entertainment to come from everywhere, whether it be from major studios, networks, cable programmers, an aspiring filmmaker in her garage, or the one-man game developer start-up,” the company said in a news release.

Source:http://online.wsj.com/article/SB10001424052970203687504577003834145323366.html?mod=googlenews_wsj

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JDA Software Sues Credit Suisse in New York Court Over I2 Acquisition Loan

October 29th, 2011

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JDA Software Group Inc. sued Credit Suisse Group AG (CSGN) in New York, accusing the bank of failing to honor a commitment to provide financing for its acquisition of I2 Technologies.

Credit Suisse and Wachovia Bank in August 2008 agreed to provide $450 million in financing to fund the proposed acquisition of I2, Scottsdale, Arizona-based JDA said in a complaint filed yesterday in New York State Supreme Court. Wachovia isn’t named as a defendant.

JDA was scheduled to complete the acquisition on Nov. 6, 2008, until Credit Suisse said it wouldn’t honor its commitment to provide funding for the purchase unless JDA “agreed to several radical changes in the loan terms,” the company said in the lawsuit.

“Credit Suisse retained the fees paid by JDA but did not fund the loan,” forcing the company to terminate the acquisition, pay I2 a $20 million breakup fee and suffer more than $100 million in damages, JDA said.

JDA resumed talks to acquire I2 in August 2009, it said in the complaint. In November 2009, JDA announced it planned to buy the company for an enterprise value of about $396 million, about $50 million more than the purchase price under the original agreement, the company said. JDA completed the acquisition in January 2010.

Steven Vames, a spokesman for Credit Suisse in Boston, declined to comment immediately on the lawsuit in a telephone interview.

The case is JDA Software Group Inc. (JDAS) v. Credit Suisse Securities (USA) LLC, 652997/2011, New York State Supreme Court, New York County (Manhattan).

Source:http://www.bloomberg.com/news/2011-10-28/jda-software-sues-credit-suisse-over-i2-acquisition-loan.html