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Sterling Software
Defunct American software company (1981–2000)
Defunct American software company (1981–2000)
| Field | Value | ||
|---|---|---|---|
| name | Sterling Software | ||
| logo | Sterling Software logo.svg | ||
| fate | acquired | ||
| successor | Computer Associates International | ||
| foundation | 1981 | ||
| defunct | 2000 | ||
| location | [[Image:Flag of the United States.svg | 20px]] USA | |
| key_people | Sterling Williams, Sam Wyly, Charles Wyly, founders | ||
| industry | Software development | ||
| products | Software |
name = Sterling Software| logo = Sterling Software logo.svg | fate = acquired | successor = Computer Associates International | foundation = 1981| defunct = 2000| location = [[Image:Flag of the United States.svg|20px]] USA| key_people = Sterling Williams, Sam Wyly, Charles Wyly, founders| industry = Software development| products = Software|
Sterling Software was an American software company founded in Dallas, Texas, in 1981 by Sterling Williams and brothers Sam and Charles Wyly. The company was acquired by Computer Associates International in 2000 in a stock-for-stock transaction worth $3.3 billion.{{cite press release Computer Associates sold Sterling Software's Federal Systems Group to Northrop Grumman in 2000. |url-status=dead
It was known for its aggressive acquisitions, most notably the hostile takeover of Informatics General Corporation in 1985.{{cite journal |url-access=subscription
Informatics was one of the first established software and services companies. It developed the MARK-IV Fourth-generation programming language in the 1960s. MARK-IV became the first software package exceeding $1 million in revenue, after IBM was forced in 1969 to unbundle software from their hardware.
Helped by financing and counseled by Werner Frank, one of Informatics' founders who had left this company a year before, Sterling Software started the hostile takeover by offering to shareholders an interesting price per share and increasing it slowly until the Informatics board was no longer able to reject it. Overnight, Sterling Software became a $200 million in revenue company up from $20 million. After only two years, they started again acquiring new companies.{{cite journal
It acquired Systems Center, Inc. of Reston, Virginia, in 1993 in a stock-for stock transaction worth $185 million, Sterling Software's 20th acquisition.{{cite news
It acquired Atlanta-based KnowledgeWare in a stock-for-stock transaction worth $74 million in 1994, in the process eliminating about 250 jobs in the combined companies.{{cite news
Acquired Texas Instruments's Dallas-based software division (known as TI Software) for $165 million cash in 1997, about 66% of its previous year's revenue.{{cite news
It acquired Boston-based Cayenne Software for $11.4 million in cash in 1998, Sterling Software's 30th acquisition.{{cite press release |archive-url = https://web.archive.org/web/20081007062905/http://www.itweb.co.za/office/bytes/9808311348.htm |archive-date = 2008-10-07 |url-status=dead
It acquired Fremont, California–based Interlink Computer Sciences in 1999 for $64 million in cash, merging Interlink into Sterling's existing Network Management Division.
References
References
- "STERLING SOFTWARE INC, Form 10-K/A, Filing Date Jan 26, 1994". secdatabase.com.
- "COMPUTER ASSOCIATES INTERNATIONAL INC, Form 10-Q, Quarterly Report, Filing Date Feb 7, 2001". secdatabase.com.
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