Jan Baan, the Dutch software
maker whose company Baan collapsed nearly a decade ago after mounting losses and
questions over accounting methods, looks set to make a comeback after
around ?40m in private equity funding for his Cordys venture.
Netherland’s based Cordys Holding was founded in 2001 and provides business
software. The lastest round of funding was provided by Oklahoma-based
Argonaut Private Equity, who gained a
significant minority stake in the software maker.
Cordys will compete in the business process management (BPM) software market,
which is estimated to grow to $2.6bn (?1.3bn) by 2011.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements