Electronic design automation (EDA) software company Synopsys Inc. (SNPS: 23.69 +0.33 +1.41%) recently completed the acquisition of Virage Logic Corp. (VIRL: 0.00 N/A N/A) for $12 per share. The total consideration of the deal came in at approximately $315.0 million.

Virage Logic’s business is expected to integrate easily with Synopsys, as the former provides semiconductor intellectual property (IP) for the design of complex integrated circuits. In a way, this acquisition is expected to supplement Synopsys’ Designware platform, as well as its Intellectual Property product category.

The company has adopted acquisitions as a growth strategy. Earlier, it added technology, engineering resources and other such assets of Synfora, Inc. to its portfolio. Synfora provides C/C++ design technology, for complex system-on-chips (SoCs) and Field-Programmable Gate Arrays (FPGAs).

This acquisition was intended to strengthen Synopsys’ position in the FPGA-based prototyping solutions business. By using Synfora’s technology, designers will be able to manufacture better integrated circuits. In short, the acquisition will enhance the company’s technical efficiency, as well as its product and service portfolio.

Apart from acquisitions, Synopsys’ time-based license revenue model also offers good momentum. This contributes almost 85% to total revenue. Under this system, customers rent the software, rather than paying a one-time upfront license fee. Hence, this is a much more predictable model, providing better visibility through a steady and recurring revenue stream.

Of course, the model does not provide a competitive advantage, as the revenue recognition model is more or less similar to its peers. Therefore, moving forward, we believe Synopsys will have to find new avenues to outperform in the space.

We believe that currently the company is in a consolidation phase as it reported year-over-year revenue declines, while earnings per share were a bit above our expectations in the third quarter. This apart, the company is also witnessing bookings growth, and exploring untapped markets. These efforts are expected to reap results in fiscal 2011.

Although 2011 is expected to be a growth year, the 2010 guidance does not reflect any meaningful growth. Synopsys is gaining traction from new products and new EDA partnerships, but we believe these factors will take some time to produce favorable results.

Additionally, the semiconductor industry is currently witnessing an inventory glut, so 2010 demand will be lower than originally estimated.

Currently, we have a long-term Neutral recommendation and a short-term Zacks Rank #3 (Hold) on the stock.

Source:http://www.dailymarkets.com/stock/2010/09/03/synopsys-wraps-up-virage-deal/

Seapine Software yesterday announced a new version of its quality assurance/testing software that includes the ability to load test Web applications as part of the Agile development process.

QA Wizard Pro 2010.2 “adds the ability to combine automated user actions with multiple simulated users to provide the ability to identify issues that occur during normal application use,” the company said.

According to Seapine, the software lets users simulate real-world scenarios with increased loads on the Web server, so test teams can find bottlenecks such as cache size or database access. It can simulate multiple browsers during a single load test, perform data-driven load testing, use checkpoints to analyze server responses while test scripts are running, generate detailed reports and more.

The applications for test can be written in various languages, including Java, C#, VB.NET, ActiveX, JavaScript and HTML, among others, and the testing itself can be done using several versions of Internet Explorer and Firefox.

Seapine said that adding load testing to QA Wizard Pro was designed to lower companies’ costs in that companies don’t need to purchase multiple software packages, plus users don’t need to learn more than one scripting language.

The new release comes with five evaluation virtual user licenses, and non-evaluation licenses — used simulate real application loads — can be purchased in blocks of 50. No pricing details were provided.

Source:http://adtmag.com/articles/2010/09/03/agile-qa-tool-adds-load-testing.aspx

Seattle: Top hedge fund managers such as Dinakar Singh and David Einhorn scooped up Microsoft Corp shares in the second quarter, taking advantage of historically low price-to-earnings multiples for the world’s largest software company.

Microsoft — whose systems run more than 90 per cent of the world’s personal computers — saw its shares fall sharply last quarter, even as Wall Street analysts forecast rising profits in the year ahead. The decline means the stock is now trading around 10 times expected earnings for the next 12 months, close to its lowest multiple on record and a 70 per cent discount to peers, according to StarMine data. And taking into account Microsoft’s $37 billion (Dh136 billion) of cash, the true multiple is more like eight, some investors said.

“That’s insanely cheap for a company of this calibre and market position,” said Whitney Tilson, managing partner of T2 Partners LLC and the Tilson Mutual Funds, who bought Microsoft shares in the second quarter.

Opportunistic

While most investors seem to have concluded that the growth days of the stock are over, a growing faction of savvy hedge funds — including Singh’s TPG Axon, Einhorn’s Greenlight Capital, John Griffin’s Blue Ridge and Thomas Claugus’s GMT Capital — see an undervalued opportunity in the huge and increasing profits delivered by the Windows 7 operating system and Office franchise.

Interest from such fund managers helped make Microsoft one of the largest additions in the second quarter Smart Money survey, compiled by Thomson Reuters, of the portfolios of 30 of the biggest fundamentally-oriented hedge funds.

The Redmond, Washington-based company took a hit to its prestige in May when old rival Apple Inc surged past it in market value. Apple is much less profitable than Microsoft, but it is rewarded with a higher multiple by investors excited by a stream of innovative products like the iPhone and iPad.

A lot of Microsoft’s value is overlooked in comparison, said Patrick Becker Jr at Becker Capital Management, also a holder of the stock. “It’s a perception issue with them [Microsoft]. For whatever reason, if you do well with the consumer, you get a higher multiple on your stock,” he said.

“Microsoft doesn’t get very much credit for what they do on the business side and the dominant share they have there.”

But some Microsoft problems are more than perception. Despite its seemingly unassailable dominance in the business software sector, some investors worry the company has no response to the iPad, which threatens to wean consumers off netbooks and may work its way into corporate life.

Its new phone software — due to debut in the next few months — needs to make up a lot of lost ground, and its money-losing Bing search engine has not made any great inroads on Google.

Doubts

The stock is suffering under the weight of those doubts, some investors say, falling 21 per cent in the second quarter, compared to a 12 per cent fall in the Standard & Poor’s 500 index. Some hedge funds, including Appaloosa Management, Chilton Investment Co and Pennant Capital Management, took the opportunity to trim their holdings in Microsoft last quarter.

“Tablets — the iPad in particular — and the smartphone market are major overhangs and discounted heavily in the stock,” said Ken Allen at Baltimore-based portfolio manager T. Rowe Price, whose Science and Technology Fund has Microsoft as a major holding.

The consensus view appears to be that Microsoft is now more of a value investment than a growth opportunity. The company has played its part in that, introducing a dividend in 2003 and paying a special dividend of $3 per share the following year. It is expected to increase its quarterly dividend next month from the 13 cents per share it has paid out for the last eight quarters.

“There’s a record of them returning excess cash to shareholders,” said Becker. “I don’t think you’ll see a special [dividend] out of them, but they will continue to raise the regular dividend and do share buybacks.”

Microsoft’s value momentum — which can signal that a stock may soon revert to historical valuation levels — is now greater than 83 per cent of US companies.

Source:http://gulfnews.com/business/technology/hedge-funds-swoop-on-microsoft-1.677158

Ubuntu fans, fire up your virtual machines. The beta release of Ubuntu 10.10 is here. Maverick Meerkat, as this release is known, is actually several weeks ahead of the original schedule, and that means Ubuntu 10.10 is on track for its final release October 10.

We wouldn’t suggest using the beta in a production environment, but if you’d like to install it for testing purposes, you can grab the beta from the Ubuntu download page.

The first thing you’ll notice on booting 10.10 is that the Ubuntu UI has changed again. The look of Maverick is not radically different from the previous release, but it has a number of subtle improvements that make the default theme a bit nicer. Application windows sport smoother gradients. Window buttons have been enlarged and refined (though they are still on the left by default). And there are some slick new progress animations. The default Humanity icon set has also been spiffed up for 10.10 and now includes some icons for external devices such as the Motorola Droid and iPod touch.

Overall, Maverick’s default theme makes for the sexiest Ubuntu yet (well, aside from that overly-purple desktop image).

Other parts of the Ubuntu interface have seen makeovers as well, like the revamped sound menu and the redesigned Ubuntu Software Center. The Software Center is quite a bit more user-friendly with a new “History” option in the side menu, showing all package installations, removals, and upgrades by date or by searching.

But possibly the biggest change in the Software Center isn’t the interface: it’s the inclusion of the “For Purchase” software section. As of the beta there’s still no actual software to buy, but the interface is beginning to take shape. Unfortunately, in my testing, I was unable to login to Launchpad to even see the purchase screen. Eventually, the plan is for commercial Linux software to be purchased and installed right alongside the familiar free options, but for the beta, things are still a bit rough around the edges.

Still, it’ll be interesting to see how the Ubuntu community reacts to the idea. Will Ubuntu end up with an App Store of its own? There’s certainly enough free (as in beer) software out there to cover most people’s needs, but offering an easy way for users to purchase software might attract more big-name commercial software to the platform.

The Software Center is also part of Ubuntu’s continuing foray into built-in social networking, with the ability to post your installs to Twitter (via Gwibber). In the previous alpha release, Rhythmbox also got the social touch with a new button to share your favorite tracks with your friends via Twitter, but the button has been removed in the beta, and it seems that, at least for now, the feature has been put on the back burner.

Source:http://www.theregister.co.uk/2010/09/03/ubuntu_maverick_meerkat_beta/

VISTAGY, Inc., a leading provider of industry-specific engineering software and services, today announced that Bombardier Aerospace (Toronto Stock Exchange: BBD) has purchased SyncroFIT software to compress the time and improve the accuracy of assembly development for its commercial aircraft programs, beginning with the wing of the CSeries jetliner. Bombardier will use SyncroFIT to fully define and manage joints and interfaces between parts within complex assemblies, automate tedious calculations (such as fastener grip lengths), validate design rules and produce bills of materials (BOMs).

Bombardier to Use VISTAGY’s SyncroFIT in CSeries Aircraft
WALTHAM, MA, Sep 3, 2010 – VISTAGY, Inc., a leading provider of industry-specific engineering software and services, today announced that Bombardier Aerospace (Toronto Stock Exchange: BBD) has purchased SyncroFIT software to compress the time and improve the accuracy of assembly development for its commercial aircraft programs, beginning with the wing of the CSeries jetliner. Bombardier will use SyncroFIT to fully define and manage joints and interfaces between parts within complex assemblies, automate tedious calculations (such as fastener grip lengths), validate design rules and produce bills of materials (BOMs).

Aircraft wing panel assembly being developed with VISTAGY’s SyncroFIT software in a CAD modeling session. The software drastically improves the airframe assembly design process by managing the huge quantity of joints, fasteners and holes used in an airframe structure. The green and red status indications in the SyncroFIT window highlight in and out of specification conditions for rules such as edge distance, fastener pitch, and length to diameter ratios.

Managing the engineering definition of complex airframe assemblies involves interrelated data for hundreds of thousands, if not millions, of fasteners. Traditionally, this process has been handled manually, making it costly and difficult, especially when design changes are required. By automating this labor-intensive process, SyncroFIT substantially mitigates the time and cost inherent in manual processes.

In an initial test, Bombardier engineers were able to cut the time to define holes and fasteners on a complex composite wing subassembly by approximately 75 percent compared to the manual process previously used. The assembly consisted of 26 parts, 1,300 fasteners and four fastener base families with 336 different diameter and length combinations, as well as a variety of washers and collars. SyncroFIT is now being used in the detail design phase of the CSeries aircraft wing, in which Bombardier expects to see similar results.

The purchase of SyncroFIT follows closely on Bombardier’s decision to standardize on VISTAGY’s FiberSIM composites engineering software for all its aircraft programs. Defining holes and fasteners is an especially critical issue for organizations that are developing composite aircraft because the variation in skin thickness drives the need for a wide array of fasteners and adds complexity to the design.

SyncroFIT enables airframe manufacturers to save time and create best-in-class products by providing a systems-based design approach that empowers engineers to better understand the impact of design decisions and engineering changes throughout the entire airframe development process. As a result, airframe manufacturers are able to focus on optimizing part designs while being confident that assembly definitions will be rapidly updated and design rule violations will be flagged immediately during times of continuous change.

“VISTAGY’s expertise in the aerospace industry is reflected in the capabilities of SyncroFIT,” said Nick Perkins, director of Advanced Product Development at Bombardier Aerospace. “SyncroFIT allows us to capture and leverage design information more completely, thereby contributing to efficiency throughout the entire aircraft development process.”

“We’re pleased to have the opportunity to broaden our relationship with one of the world’s cutting edge aerospace firms,” said Steve Peck, director of product and market strategy for aerostructures at VISTAGY. “With the adoption of SyncroFIT at Bombardier for the wing package of the CSeries aircraft program, we’re taking another step towards establishing an industry standard for managing assembly interfaces, joints, fasteners and holes for airframe assemblies.”

Source:http://www.tenlinks.com/news/PR/VISTAGY/090310_syncrofit.htm

A nonprofit has received a grant to examine how information-visualization software can be used to show relationships among the organizations and programs in a region that relate to science, technology, engineering and mathematics education.

The $300,000 grant was awarded to the economic-development nonprofit Delaware Valley Industrial Resource Center of Philadelphia, which is interested in STEM education because the small to midsize manufacturers that make up its client base need workers with STEM skills.

The grant came from the National Science Foundation’s Early-Concept Grants for Exploratory Research program, which supports exploratory work on research ideas or approaches that are untested but could have a large effect if they pan out.

Under the grant, the DVIRC will attempt to use the Starlight Information Visualization System to analyze and show links among energy-related assets in southeastern Pennsylvania, South Jersey and Delaware.

Source:http://philadelphia.bizjournals.com/philadelphia/stories/2010/09/06/story5.html

R Group LLC, a leading National Marketing Organization for brokerage general agencies, reported today that its agencies have experienced increased efficiencies from using Rolling Solutions LLC’s XRAE life insurance underwriting software. XRAE enables brokerage general agencies, direct marketers and agents to enter health information about a client and get immediate underwriting quotes from XRAE’s growing list of partner carriers.

Danville, CA: R Group LLC, a leading National Marketing Organization for brokerage general agencies, reported today that its agencies have experienced increased efficiencies from using Rolling Solutions LLC’s XRAE life insurance underwriting software. XRAE enables brokerage general agencies, direct marketers and agents to enter health information about a client and get immediate underwriting quotes from XRAE’s growing list of partner carriers.

“As a result of using XRAE for the last year, our agencies are much more efficient because they get immediate underwriting results from XRAE’s Partner Carriers and can avoid sending quick-quote emails,” said Michael Miller, Executive Director of R Group LLC. “Getting automated underwriting results through XRAE enables us and our agents to act immediately on sales opportunities and, as a result, increase our production with XRAE’s carriers.”

“XRAE’s Partner Carriers are committed to increasing efficiencies in the sales process and we are thrilled to hear that our BGA customers are reaping those benefit,” said Tom Bellig, CEO of Rolling Solutions LLC. “As BGAs continue to adopt XRAE, sending quick-quotes to carriers for anything other than the most complex cases will be a thing of the past.”

Source:http://www.caymanmama.com/2010/09/03/R-Group-LLC-Agencies-Increase-Efficiency-with-XRAE-Underwriting-Software_201009037463.html

Swarnim Kanth and Kartik Ramakrishnan sold a 2.5-bath home at 1336 Beckett Lane in Schaumburg to I. Chen Wang and Pokuang Allen Hsu for $512,000 on Aug. 4.

Kanth and Ramakrishnan paid $607,500 for the property in June 2006. The 2,865-square-foot home in Schaumburg Golf Course was built in 1992. It is located in the Park St. Claire subdivision.

Kanth is the director of software services at Lanworth, Inc., an information technology company specializing in the application of satellite and aerial remote sensing to natural resource management. Before that he worked at Kanbay Inc., where he served as a client engagement manager. Earlier, he was an architectural consultant at Subhash Dhar and Associates.

He has a B.A. from the Indian Institute of Technology and an M.B.A. in strategy, finance and marketing from the Booth School of Business at the University of Chicago.

According to BlockShopper.com, there have been 870 home sales in Schaumburg during the past 12 months, with a median sales price of $189,000.

Source:http://chicago.blockshopper.com/news/story/500093143-IT_company_software_services_director_sells_Schaumburg_home,

The trustees held a special session Friday to discuss the possible glitch, which shows the township in the red close to $46,000. Madison Township Trustee David Spain says they are hoping a glitch is the cause for the deficit, however he says, they have yet to find the glitch.

Spain says they are also looking at the possibility of replacing the current OTAS Software, with the state-of-the-art system known as the UAN. He says they will determine that after the 2008-2009 audit is conducted because that is all based on the OTAS software.

Source:-http://www.wmfd.com/newsboard/single.asp?Story=42648

Arris launched software designed to let cable customer-support reps and technicians get a real-time look at cable modems and other equipment, to more quickly resolve subscriber issues.

The ServAssure Live! software also is designed to give network operations center personnel a view into the health status of devices in the network that aren’t directly tied to a subscriber, such as cable modem termination systems and call management servers.

Arris expects to demo ServAssure Live! at the IBC conference and expo, Sept. 9-14 in Amsterdam.
The software automatically discovers customer-premises equipment, rather than requiring manual reconfiguration and manual, and uses a standards-based Web services interface to integrate with other data sources. Arris is offering customers a free 30-day trial upon request.

“We are very excited to introduce ServAssure Live! to the call-center employees at our customers’ systems,” Arris assurance vice president and general manager Bailey Shewchuk said in a statement. “They are the front line of customer service and need the most accurate information to be able to resolve customer problems in a timely and efficient manner, thus freeing up resources to be allocated to revenue-generating activities.”

Source:http://www.multichannel.com/article/456698-Arris_Debuts_Software_To_Keeps_Tabs_On_Cable_Equipment.php

HealthMed Services Ltd. (OTC:HEME), an innovative software development company, is pleased to announce that it has entered final negotiations to acquire all rights, title and interest to Neural Communicator software and hardware. Neural Communicator has developed brain/computer interface devices and software designed to enable people with extreme disabilities to communicate. The device detects eye movement, jaw contractions and ALPHA and BETA brain waves allowing hands free input.

HEME has also entered into an agreement with a European Research and Development Company to develop, test and market a specialty healthcare communication product, namely Neural Vantage.

* Healthmed and its software developers are now beta testing the communicator.
* The revolutionary product will target people with disabilities such as amputation and paralysis due to the fact that these types of illnesses prevent them from communicating with ease.
* HEME has created a platform where information from the patient’s body can be entered to a computer through the use of biotechnology. This new technology is called “BCI” for Brain Computer Interface.
* The software and interface is password protected with end-to-end user authentication. All data is protected with AES encryption using 128-bit keys.
* It will automatically update of both parts of software, computer and iPad.

The software is based on plug-in architecture allowing easy implementation of new features. There are five basic modules:

* Speech module – text input for speech replacement
* GSM module – send and receive SMS
* MSN module
* Windows Live Messenger chat Book Reader – reading books by speech synthesis
* Web Browsing – special plug-ins for Bing Maps and Facebook.

HealthMed also plans to provide online services through its Web site that includes a public portal, a Web site for individuals, consumers, and the general public that is designed to provide health information and recommendations; and a private and custom-designed/client-specific portal, a private-labeled Web site that would allow employees to access their personal health records and research various health and medical related topics, as well as provide access to information and resources to assist them in making personal health plan and medical treatment decisions.

Source:http://www.pennystocklive.com/Article/heme-ccoi-and-crwe-stock-updates-from-pennytobuck-com/#

Source:-
ake-Two Interactive Software (TTWO) surged in after-hours trading on strong earnings reported Thursday after the market close. Pre-market trading on Friday continued the gains. As of 8:09 am, the stock was at $10.11 per share, a 14.24% over Thursday’s close.

The company reported net revenue for the quarter of $354.1 million on Thursday, a more than threefold gain from the same quarter a year ago, when it reported net revenue of $94.9 million. Strong sales of its Red Dead Redemption title drove the gains.

Income from continuing operations was $12.4 million or 14 cents per diluted share, the company said in a statement. For the same quarter in fiscal 2009, the company reported a loss from continuing operations of $58.3 million, or 76 cents per share.

See full article from DailyFinance: http://srph.it/ciSNNH

Shopstorenow.com, the faster growing ecommerce solution provider brings in Ecommerce Software with store wide features, security for the ecommerce store created and email templates for order, invoice and credit note emails. The Ecommerce Software, as claimed by the web professionals at Shopstorenow.com can help in the deployment of e-commerce solutions that integrate with critical business systems for streamlined sales and fulfillment. This in turn drives online sales with shopper’s experience counted the most and the professionals and web developers to complement the services by advanced discounting, up sell, and promotional features included in the Ecommerce Software.

“Nearly all of our systems, from inventory management, store wide features, to fulfillment, from security withHTTPS/SSL support, changeable HTML email templates to customer service, all of the features are integrated into shopstorenow solutions for e-store creation. We are therefore able to manage all of our online systems from a single interface and by anEcommerce Software facilitating more than what is expected.” As said by the webmaster, Shopstorenow.com.

The store wide features include multiple-store support, the natives in shopstorenow Ecommerce Software modules, a configurable dashboard for the software and SMTP settings as per the store created through the Ecommerce Software. The Inventory can be disabled or enabled at store level after the store gets functional through the ecommerce software for store creation. The store email address, stock email id and store admin email can be locked or unlocked at users will. The ecommerce software provides with a store guarded with security certificates and secure https, password protective administrative access, encrypted credit card details, security from SEO point of view through insertion of the category name and the product name in the page title. Meta tags have product keywords and the category and product short descriptions defined to get Top Rankings for all products.

The Ecommerce Software provides with a store with individual folder access for vendors, watermark function for all full size images, redirection of unregistered users to the login page with notification to register before accessing page and user roles defined to administrate products, orders, customers and files. There is the email template option in the Ecommerce Software for order, invoice and credit note and ecommerce software with customer order receipt email template, Admin new order email template, order status update email template and order shipping status update email template to deal with and move ahead with ecommerce endeavors.

Value added Ecommerce solutions and the Ecommerce Software is accessible at http://www.shopstorenow.com.

Company Profile: Shopstorenow.com, the ecommerce solution provider, with its head office situated at Pomona, California, is the world renowned in being IT service provider for Hosting, Development, Support, etc, Ecommerce Software as featured in the site has been introduced with a large pool of store wide features, e-mail templates and security Https for e-stores backed by SSL support. The company deals in fulfillment services to drive sales to new e-business endeavors.

Source:-http://www.vee2.net/business/42-business-news/6483-ecommerce-software.html

Techwave.com, the e-commerce establishment is building up a name for itself with customized solutions to e-businesses by way of its most comprehensive Shopping Cart Software solutions that the company molds according to client needs and make it scalable from small to big enterprise solutions priced nominally with 24X7 helpdesk services. The Shopping Cart Software is multi-functional with diversified range of features and functionality including advanced search engine optimization capabilities in an intuitive, user-friendly environment that offers simplified easy to use administration. The software is built on a powerful, fully integrated platform to optimize performance and ensure highest security. Users can configure the Shopping Cart Software at the website product pages by means of simple code generation.

A merchant will in no way find it difficult to deal with the Shopping Cart Software and use it in the long run. It is a database driven Shopping Cart Software to retrieve and access complete database through Import and Export using Excel spreadsheet. All transaction records in the website database relevant to sales, orders, visitors, shipments, payments, customers, and inventory control are managed with the Shopping Cart Software along with domain and E-Mail account management. You just do not have to fret anymore for data loss or any kind of technical difficulties arising out of it. Further more you just do not need to get upset with limited functionality CGI programs, installation complications, expensive digital certificate or buying a secure server for the Shopping Cart Software. Techwave Shopping Cart Software can track customer’s need customized according to individual preferences. The Shopping Cart Software calculates all charges and takes care of the deliverables and order transactions with secure payment gateway integration.” As said by Andy Anand, Vice President, Techwave.com.

Techwave Shopping Cart as per the words of the webmaster is improving day by day. The bar towards its performance is raised at considerable levels. Along with its advantageous Shopping Cart Software and features pertaining to it, Techwave provides with special free services to further enhance website’s power.

How to Integrate? Users have to insert standard HTML tags to the product web pages to manage the best Shopping Cart Software services on the web with systematic instructions and examples given for user’s benefit to follow them correctly and integrate in few clicks. There is a simple code generator tool with unique lines of codes for users to generate to set up the product page with Techwave’s Shopping Cart Software with add on button functionality and backend support like Invoice Management, Shipping, Sales Tax etc.

E-businesses can Logon at http://www.techwave.com for multi-functional Shopping Cart Softwareservices or can call at 877-792-2075 to access personalized Shopping Cart Software solutions for a professional looking shopping cart.

Company Profile: Techwave.com, the ecommerce outsourcing company based at Pomona, California is the known name in e-business. The company ecommerce solution optimizes IT processes leading webmasters towards a profitable Shopping Cart Software integration with more interactive features, custom web development and secure order transactions.

Source:-http://www.vee2.net/business/42-business-news/6484-techwave.html

K Games made the official announcement today that the game is being finished by Gearbox Software and is set to release within the next year. Gearbox is best known for its most recent title: Borderlands.

After being announced in 1997, DNF has had developmental problems year after year. Gearbox president Randy Pitchford said that his company picked up development in late 2009 and is currently just polishing the game up.

A playable demo of the game will be available for press and the public this weekend at PAX.

Source:-http://www.411mania.com/games/news/151701/PAX-2010:-Duke-Nukem-Forever-Coming-from-Gearbox-Software.htm

Hale Global and QL2 Software, Inc. today announced that they have completed the plan of reorganization previously approved by the bankruptcy court. The reorganized company is named QL2 Software, LLC.

The plan of reorganization pays allowed creditor claims in full, with consideration for equity holders and exit financing to support the growth of QL2.After six months of work, we are extremely excited to complete QL2’s reorganization,” said Charles Hale, President of Hale Global. “With Hale Global’s backing, and the skills .of its veteran executive team going forward, QL2 will continue to build on its pioneering leadership in the real-time competitive data market, while keeping customer satisfaction our number one operational priority.

QL2 is extremely excited about our future,” said Paul Campbell, Senior Vice President of Field Operations. “We have emerged in a strong position to continue the market-leading, innovative data services that our customers worldwide rely on to run their businesses.”
“On behalf of the committee, we are pleased that allowed creditor claims have been paid in full, with interest,” said Larry Reamof Bullivant Houser Bailey, counsel to the official committee of unsecured creditors. “Hale Global proved a reliable and experienced equity sponsor, and the creditors look forward to working with the reorganized QL2 in the future.

QL2 is the industry leader in providing services and technology for near real-time pricing and product data from unstructured sources such as the Web. With over 200 customers across more than 35 countries, “QL2data” drives better business decisions and increased revenue. QL2’s customers include 7 of the top 10 global airlines, 5 of the top global online travel agencies, and Global 100 energy, car rental, retail, pharmaceutical and life science companies.

Source:-http://www.prnewswire.com/news-releases/hale-global-completes-acquisition-of-ql2-software-102163049.html

Hyland Software, a provider of enterprise content management, or ECM, software, has purchased privately held Hershey Systems, a provider of web-based ECM solutions focused on the higher education market. Terms of the transaction were not disclosed.

Hershey Systems’ flagship product, Singularity, is a web-based ECM software suite. It streamlines previously manual, mostly paper business processes. Though mainly focused on higher education, Hershey Systems also caters to other industries.

AJ Hyland, president and CEO of Hyland Software, said: “Acquisitions continue to accelerate our growth in key markets. In the past year, purchasing eWebHealth and Valco Data Systems added to our momentum in healthcare. Today, it’s our largest vertical market. But there is also tremendous opportunity in higher education.

“Hershey is a respected and established company with a proven product. Joining with our team creates a company with an unmatched level of industry expertise. It also makes Hyland one of the largest ECM vendors in the higher education marketplace.”http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

Source:-http://www.tmcnet.com/usubmit/2010/09/03/4990520.htm

Indian IT bellwether Wipro has teamed up with global enterprise software products firm Oracle to offer a warranty management and analytics solution for industrial manufacturing, automotive and high-tech industries, the company said late Friday.

‘By leveraging our industry expertise with Oracle’s Siebel customer relationship management (CRM) applications, we will help streamline the warranty management process across original equipment manufacturers (OEMs) and their suppliers and contract manufacturers to reduce warranty expenses and fraudulent claims,’ Wipro vice president N.S. Bala said in a statement here.

According to Oracle vice president John Barcus, at least four percent of warranty claims are fraudulent, making it one of the biggest challenges faced by the manufacturing industry.

‘There is an immense opportunity to reduce these losses and an effective product warranty management solution is pivotal in helping reduce fraud-related losses,’ Barcus said.

A streamlined warranty process and analytics will allow customers to predict their warranty exposure and manage warranty reserves.

The domain solution will be hosted for demonstration at Wipro’s Oracle Lab (Ozone) to allow its clients to see its deployment and benefits.

As a leading Oracle services provider, Wipro provides services from rack to stack across Oracle product suite.

Source:-http://sify.com/finance/wipro-partners-with-oracle-to-offer-analytics-solutions-news-default-kjdw4dacjgc.html

At the TechRepublic event in early July 2010, there were a lot of great discussions, and one of the un-conference sessions that tied everything together was “How do we fix the software industry and stop ripping off our customers.

There are companies that are universally despised by their customers, yet continue to enjoy revenues in the billions by abusing their customer bases. We have entire software classes that cost customers millions to purchase and millions more to install and integrate, but are so useless and difficult to use that only about one third of the sold seats are actually used. There are a number of companies charging so much to support different open source packages that they are actually more expensive than their proprietary competition. We all know who these companies are.

There are a number of ways to make money writing software; unfortunately, many of those ways have what economists call perverse incentives and, as a result, some companies are driven to exploit their customers because of their business models. Does this mean that everyone involved in the software industry is a dirt bag? Of course not. But when you look at the details, the software industry is in deep trouble.Let’s take a look at the common software sales models and examine how these models can hurt our customers and our IT departments.

Source:-http://blogs.techrepublic.com.com/tech-manager/?p=4318

T-Mobile is offering BlackBerry OS 5.0.0.822 to its BlackBerry Curve 8900 and 8520 devices. The software can be downloaded over the air directly to the handset. T-Mobile recommends that users of the 8900 and 8520 update their system software.

T-Mobile has officially released OS 5.0.0.822 for both the BlackBerry Curve 8520 and BlackBerry Curve 8900. We’re seeing a trend now with the ol’ .822 as this joins both the Rogers and AT&T Bold 9000 releases. Surely there is some new and slightly improved goodness with this OS, so if you’re ready and willing give it a go. Its been a while since we’ve seen an update for either of these devices, so be sure to drop a comment and let us know how its working for you if you upgrade

Source:-http://crackberry.com/official-os-5-0-0-822-blackberry-curve-8520-and-8900-now-available-t-mobile