View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 1, 1997updated 05 Sep 2016 12:04pm


By CBR Staff Writer

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.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

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 Progressive Media Investments 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.