Business News

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  • Adobe acquires Serious Magic
    Mon, Dec 04, 2006    Primary Topic Channel:  Mergers & Acquisitions
    Adobe Systems, a leader in the high-end video software market, has purchased Serious Magic Inc., a maker of video software for more casual users, in a deal whose terms were not disclosed. The acquisition strengthens Adobe's video software offerings and makes it a leader in delivering solutions to a wide range of users--from casual users to professionals and everyone in between, Adobe says. [ Read More ]

  • Riverdeep buys Houghton Mifflin for $1.8B
    Mon, Dec 04, 2006    Primary Topic Channel:  Mergers & Acquisitions
    The school software market got a jolt last week when educational software maker Riverdeep Inc. announced a $1.8 billion takeover of traditional textbook publisher Houghton Mifflin. The combined entity, with expected annual revenues of $1.4 billion, is now better positioned to compete with larger rivals such as Pearson PLC in the educational software market, executives say. [ Read More ]

  • Schools mull new Microsoft technologies
    Tue, Nov 21, 2006    Primary Topic Channel:  New Product Announcements
    Software giant Microsoft Corp. will begin licensing two major new releases, Office 2007 and Windows Vista, to schools and businesses at the end of this month. The programs include a host of new features aimed at boosting security and improving their ease of use--but upgrading will require significant planning and training on the part of schools. [ Read More ]

  • IBM unveils eMail translation service
    Wed, Nov 01, 2006    Primary Topic Channel:  ESL/SLL , Business news
    IBM has introduced an online eMail translation service that it hopes will help educators communicate with Spanish-speaking parents more effectively. The service is being offered free of charge to educators at organizations taking part in IBM's TraduceloAhora! grant program. [ Read More ]

  • Apple recalls 1.8 million Sony batteries
    Fri, Aug 25, 2006    Primary Topic Channel:  Business news
    Apple Computer said yesterday it is recalling 1.8 million Sony-manufactured laptop batteries, citing a risk of overheating and, in rare cases, fire and bodily injury as the cause. The move marks the second such recall by a major computer manufacturer in less than two weeks. On Aug. 14, Dell Inc. recalled 4.1 million laptop batteries after customers reported similar problems. [ Read More ]

  • Dell recalls 4.1M laptop batteries
    Tue, Aug 15, 2006    Primary Topic Channel:  Business news
    Breaking News: Dell Inc., the nation's leading provider of computers to schools, has issued a recall for 4.1 million laptop batteries. The batteries, manufactured by electronics giant Sony Corp. and installed in a variety of Dell notebook computers, reportedly can overheat and burst into flame, the company said. The move marks the third recall of Dell notebook batteries in five years. [ Read More ]

  • Follett acquires competitor's software
    Wed, Aug 09, 2006    Primary Topic Channel:  Business news , Mergers & Acquisitions
    With its acquisition of the library automation business of its largest competitor, Sagebrush Corp., Follett Software Co. has become the definitive leader in school library automation software. Though Follett pledges to support Sagebrush's 24,000 school library customers, analysts say the deal, which reportedly gives Follett about a 70-percent market share, ultimately will bring several changes. [ Read More ]

 

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