View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 9, 1997updated 05 Sep 2016 12:33pm

NETMANAGE BUYING ITS WAY BACK INTO PROFIT

By CBR Staff Writer

TCP/IP and PC communications specialist NetManage Inc’s decided attack is the best form of defence, and in addition to shedding loss-making products has decided buying the competition is a good way to get back into the black (CI No 3,175). Yesterday it agreed to pay $26m for privately-held NetSoft Inc, another developer of PC-to-host connectivity software, evidence that there’s a shakeout going in the market for connecting desktops, Unix servers and mainframes into seamless network. IDC says that market was worth $2.27bn in 1996, rising to $2.94bn in 2001. NetSoft claims to have turned over $30m in its last financial year and has 200 staff. Netsoft recently won a multi-million dollar deal to provide provides connectivity to Unisys Corp’s integration services (CI No 3,107). It co-developed SNA Server for NetView with Microsoft Corp back in 1992 and also counts IBM and Novell as key business partners. NetManage will add NetSoft’s AS/400 communications software to its existing IBM SNA and Unix portfolio. NetManage lost $5.7m on revenue of $104.6m in 1996.

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.
THANK YOU