View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
July 28, 2010

Adobe acquires Day Software for $240m

To strengthen web based enterprise software offerings

By CBR Staff Writer

Adobe has unveiled its plans to acquire Switzerland-based web content management offerings provider Day Software, in a move to strengthen its web based enterprise software offerings.

Both companies have entered into a definitive agreement for Adobe to launch a public tender offer to acquire all of the publicly held registered shares of Day Software in a transaction valued at approximately $240m. Day Software shareholders will receive CHF 139 per share.

Day will operate as a product line within Adobe’s Digital Enterprise Solutions Business Unit and Day’s CEO Erik Hansen will join Adobe reporting directly to Rob Tarkoff, the companies said.

Adobe expects the acquisition will have no material impact on its non-GAAP earnings for fiscal year 2010 and will be accretive to non-GAAP earnings for fiscal year 2011.

Rob Tarkoff, senior vice president and general manager of Digital Enterprise Solutions at Adobe, said: "Adobe’s acquisition of Day represents a key milestone in our efforts toward delivering best-in-class customer experience management solutions to enterprises and governments worldwide.

"With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the web as the hub of customer interaction."

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

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.
THANK YOU