LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
Constellation offers 33p per share for Gladstone Plc |
|
|
Constellation Software Inc. has made an offer to buy all outstanding common stock of the UK-based Gladstone Plc for 33 pence per share, valuing the company at £18.1 million.  Gladstone supplies membership management and bookings systems to major health & fitness groups, local authority leisure centers, trusts, universities and a large number of private and single site clubs. It also provides central database solutions for multi-site operators, facilitating central and cross-site on-line bookings, membership management and central administration, CRM, marketing and reporting. Other systems and software based solutions include e-registration, cashless catering payments and biometric recognition in the education market, for schools, academies and colleges. In the results for its financial year ended 31 August 2009, Constellation said Gladstone had revenues of £9.7 million, profit before tax of £1.2 million, gross assets of £20 million and net assets of £15.6 million. The offer represents a 17.9% premium to Gladstone's value as of Monday close. In its statement, Constellation said the announcement follows the purchase of a further 6.6 million ordinary shares, or 13.6 per cent of the ordinary share capital, in Gladstone. Constellation presently owns approximately 21 million Gladstone shares representing approximately 43.5 per cent of the issued ordinary share capital of Gladstone. It said that there are approximately 33.8 million fully diluted shares that it does not currently own, which makes the offer worth approximately £10 million net of option exercise proceeds. |
LISTS AND RESEARCH
-
Global Software Top 100 - Edition 2011
- The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
-
Software industry trends (2011)
- This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
- Top hardware companies
- A list of the world's largest hardware companies.
- What happens in the hardware industry?
- Trends and analysis of the hardware industry and its key players.
- Top IT services companies
- A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
- IT services companies: healthy growth
- What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
- Top gaming companies (2010)
- Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
- Top ERP companies
- A research publication about the world's leading players in enterprise software.
- Top security software companies
- A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
- The fastest growing software companies
- This research publication reveals the fastest growing software companies in the world.
-
CRM companies: a short list
- A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
- Top software companies in the US (2010)
- A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
- Top companies in the world (not just software)
- A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
- Top IT companies
- A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.
