View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 9, 1999


By CBR Staff Writer

Macro 4 Plc, the UK-based IBM systems software house, has agreed to pay up to $30m for Insync Software Inc, the Walnut Creek, California company whose software speeds up the development of file management programs FOR OS/390 MVS mainframes. Insync only achieved pre-tax profits of $22,000 on revenues of $567,000 in 1998. However, the thought that Macro 4 will pay over 50 times revenues for the Californian outfit is fanciful. They will pay $6m in cash in regular installments over the next five years as long as Insync sales hit $2.4m a year, with proportionate reductions if they fail to hit this target. Any figure over $2.4m will give Insync shareholders a bonus of 20% of the excess. Macro 4 will introduce the Insync software into its range of fault management products.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.