TechnologyComshare snapped up by bigger rival

Comshare snapped up by bigger rival

Business intelligence software company, Comshare, is the latest to be swallowed by a bigger rival as consolidation in the industry continues unabated.

Link: Comshare to announce Microsoft link

The company has been bought for $52m (£31.25m) by rival GEAC in a move that Comshare’s CEO, Dennis Ganster, said was all about competing financially.

‘We’re competing against companies that are ten times our size financially,’ he said. ‘Now we’re part of an organization that’s comparable to the competition.’

Redundancies within Comshare are not expected to be too great, with GEAC saying it is more focused on continuing maintenance revenue rather than licence sales.

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