- Platinum Technology
Infobox Defunct Company
company_name = Platinum Technology Inc.
company_
fate = acquired by CA
foundation =1987
defunct =1999
location =
key_people =Andrew Filipowski founder
num_employees = 5,000
industry =Enterprise software IT services
products = SoftwarePlatinum Technology Inc. was founded by
Andrew Filipowski in 1987 to market and support deployment ofdatabase management software products and the applications enabled by database management technology and render related services. Over its 12 year history, it was known for its acquisition of other companies, [cite news
author = Jean Schauer
title = Platinum Technology - The Element of Success
url = http://www.dmreview.com/issues/19980901/419-1.html
work = DM Review
date = September 1998
accessdate = 2008-03-23
quote = ...today we are more representative of the companies that we acquired than we are of the original Platinum] having bought more than 50 companies between 1994 and 1999 and growing to become the eighth largest global software company with revenue of a billion dollars per year. [cite news
author = Richard McCaffery
title = Software Makers Add Federal Might With New Buys
url = http://www.washingtontechnology.com/news/14_1/business/454-1.html
work = Washington Technology
date = April 12, 1999
accessdate = 2008-03-23] Acquisitions includedICON Computing ,Locus Computing Corporation ,RELTECH Group ,Brownstone Solutions ,Trinzic ,Softool ,Viatech ,AutoSystems Corporation andProtosoft . The company was a member of theUML Partners consortium.Acquisition by Computer Associates
In May 1999, Platinum was itself acquired by
Computer Associates (CA) for 3.5 billion U.S. dollars, at that time the largest transaction in the history of the software industry. [cite news|url=http://www.crn.com/it-channel/18803143|title=CA To Buy Platinum For $3.5 Billion|publisher=CRN|accessdate=2007-08-29] CA offered $29.25 per share, almost a three-to-one premium over Platinum's stock price of $9.875. [cite news
title = Computer Associates to Purchase a Rival
url = http://query.nytimes.com/gst/fullpage.html?res=9D03EED61130F933A05750C0A96F958260
work =New York Times
date = March 30, 1999
accessdate = 2008-05-18]Transition
In
2001 , CA was sued by theUnited States Department of Justice (DOJ), alleging that the two companies prematurely reduced competition between each other. [cite news
author = Jennifer Hagendorf Follett
title = CA, Platinum Technology Named In Antitrust Suit
url = http://www.crn.com/it-channel/18817390
work = CRN
publisher =CMP Media
date = October 05, 2001
accessdate = 2008-03-23] The DOJ claimed that this was achieved by agreeing to limit discounts offered to customers before the deal was completed.References
External links
* [http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-20-1999/0000985296&EDATE= Press release following acquisition]
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