Once insatiable Platinum Technology Inc, based in Oakbrook, Illinois, has finally made all the acquisitions it wants to, according to president and chief executive officer Andrew Filipowski, and now wants to be profitable. Talking to Wall Street analysts yesterday, Filipowski said he expects to be able to save around $10m in costs on a quarterly basis by removing duplication in its operations, sales and development efforts – but that means substantial job losses. Just how many jobs will be lost is unclear, though the company was due to issue a public statement as we went to press. One source told Computergram that around 400 jobs would be axed. Platinum has made around 30 acquisitions since 1994, including such firms as Brownstone Solutions Inc, Protosoft Inc and Trinzic Corp, mostly in the data warehousing and systems management areas. The company saw losses for the year of $68m, which included a $52.8m charge related to mergers.
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