Well it seems that ISYS is waiting for news...maybe it's round the corner !

SSA leads chase to buy Baan

2 May 2003 SSA Global Technologies will shortly conclude the purchase of Invensys' Baan software subsidiary, according to mounting rumours circulating in the City of London.

The revitalised enterprise resource planning (ERP) software vendor SSA GT is set to conclude a deal within weeks for Baan — and for radically less than the $708 million that Invensys, the troubled engineering conglomerate, paid for it in 2000.

SSA GT is awash with cash after raising $75 million from venture capital group General Atlantic Partners just last month. CEO Mike Greenough's plans to make SSA GT a $400 million company by July 2003 are well known. It even retains a head of acquisitions to research potential opportunities.

Both Baan and SSA GT were once top five ERP software vendors.

In April 2002, SSA bought the Interbiz ERP division of Computer Associates, but its revenues still run far short of Greenough's target. In the second fiscal quarter to the end of January 2003, the company posted revenues of $64 million, up 55% on the same period a year earlier.

System Software Associates (SSA) was one of the stars of the early enterprise resource planning (ERP) software sector, but sales collapsed dramatically in the mid-1990s following the botched introduction of new product.

Called BPCS 6, the package was bug-ridden and, before those bugs had been ironed out, the company tried to force users into upgrading. That led to a fall in sales and a crisis of confidence from which it never recovered.

It filed for Chapter 11 bankruptcy protection in 2000 and the assets were purchased by Gores Technology Group in July of that year. In May 2001, another venture capital investor, Cerberus, took a majority stake in the company.

http://www.infoconomy.com/pages/news-and-gossip/group78868.adp

Invensys should follow the same direction as FTO. 50% rise in a couple of days till the results.

I was expecting much better peformance by now!

INvensy should play an important role in these. ISYS has long term contracts with bgy.
http://www.moneyam.com/action/news/showArticle?id=2572597
http://www.moneyam.com/action/news/showArticle?id=2572793

Future projection is much better than currently expected in the sector. http://www.moneyam.com/action/news/showArticle?id=2579624

This is still 50% lower than its peak. Amost no debt with good profit... Funny market IMO

The higher the oil price the better for Invensys orders. Invensys collaboration with BGY is getting more important now given oil at $100... IMO

Some of the shorts will be forced to close if it moves us any further. IMO

No bedt to rate...

Invensys' unsecured debt ratings withdrawn on redemption of senior notes

Late bid speculation helped Invensys rise 5.9 per cent to 279p - see FT.com

I can't beleive it's not butter.

Another 100m contract.
http://www.moneyam.com/action/news/showArticle?id=3075320

12% rise in profit last year and high price of oil will push investment in rail.
Both are good for future contracts adding these with weak will be even better.

shareholding by directors above 168.