Platinum Technology

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Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of database management software products and the applications enabled by database management technology and render related services. Over its 12 year history, it was known for its acquisition of other companies, having bought more than 50 companies between 1994 and 1999 and growing to become the eighth largest global software company with revenue of a billion dollars per year. Acquisitions included ICON Computing, Locus Computing Corporation, RELTECH Group, Brownstone Solutions, Trinzic, Softool, Viatech, AutoSystems Corporation and Protosoft. The company was a member of the UML Partners consortium.

Acquisition by Computer Associates

In May 1999, Platinum was itself acquired by Computer Associates (CA) for 3.5 billion U.S. dollars, at that time the largest transaction in the history of the software industry. CA offered $29.25 per share, almost a three-to-one premium over Platinum's stock price of $9.875.

Transition

In 2001, CA was sued by the United States Department of Justice (DOJ), alleging that the two companies prematurely reduced competition between each other. The DOJ claimed that this was achieved by agreeing to limit discounts offered to customers before the deal was completed.

References

External links

• Press release following acquisition

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Last updated on Wednesday July 02, 2008 at 05:26:41 PDT (GMT -0700)
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