Posts Tagged ‘Software’

Oracle surges; strong share sale squeezes short sellers

May 23rd, 2013

Reuters Market Eye – Stocks in Oracle Financial Services Software Ltd(ORCL.NS) gain 8 percent after a higher-than-expected response to its share sale squeezes out short positions in the futures market, dealers say.

Oracle, majority owned by Oracle Corp (ORCL.O), attracted demand of nearly four times its share sale of 4.4 million shares, according to exchange data, surprising investors who had shorted the stock for arbitrage in anticipation of tepid demand.

Oracle’s May futures saw a reduction of 150,000 shares, or 16.5 percent of the outstanding total, as of 11.10 a.m., indicating covering of short positions.

Source:http://in.reuters.com/article/2013/05/23/oracle-surges-strong-share-sale-squeezes-idINDEE94M03C20130523

Wood Group acquires integrity software company Intetech

May 23rd, 2013

UK-based international energy services company Wood Group has acquired Intetech, a software and engineering consultancy services provider for well integrity and corrosion management to the global oil and gas industry.

Intetech’s proprietary software called iWIT provides customers with real time active management of oil and gas wells, which is important for complex wells, such as ultra deepwater, high pressure/high temperature, or with highly corrosive well products.

Wood Group Kenny chief executive Steve Wayman said the acquisition of Intetech is a strategic step for the group.

“It strengthens our business critical software portfolio and fits ideally alongside our highly differentiated consultancy services teams,” Wayman added.

“We are seeing a growing client demand for well integrity and corrosion management technology especially in deepwater where wells are costly and challenging and in shale environments where numerous wells have to be drilled and operated efficiently.

“Intetech will be joining the Wood Group Integrity Management (“WGIM”) area of the business and will be re-named Wood Group Intetech.”

Source:http://explorationanddevelopment.energy-business-review.com/news/wood-group-acquires-integrity-software-company-intetech-230513

Adobe’s brave new world for graphic arts

May 23rd, 2013

There may be no software concept as heavily promoted as the cloud, but some developers are doing their best to make sure it lives up to the hype. Enter Adobe, the dominant maker of digital design tools. Earlier this month the company announced that it would no longer build and sell its Creative Suite software in a box, but instead as a cloud-based subscription service. Users will be able to run the software offline, but cloud integration will enable access to valuable features. Every subscriber will get software updates as soon as they’re available. No more waiting for new versions. No more wasteful packaging and optical media. And the switch should cut down on piracy.

The snag is that it will no longer be possible to buy a perpetual license. It has always been common for users to pay for software once and then avoid the next few versions, saving money and sacrificing new features that may not be useful for them. This will no longer be possible with respect to Adobe. For businesses, this is no big problem. But for penny-pinched freelancers and nonprofits, paying a monthly subscription fee for years on end may be financially painful.

Other developers, such as Microsoft, are moving in this same subscription-based direction. In the long term, this shift is probably unavoidable. But consumers have good reason to be wary — and to consider the free and low-cost alternatives to propriety software that kind-hearted programmers have been producing for decades.

Source:http://www.bostonglobe.com/editorials/2013/05/23/adobe-bold-new-approach-software-holds-perils-for-freelancers/LTFCwqE7odqIkrJmUkdLqO/story.html

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