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IPO

Surgient Partners With Capgemini, IPO or Acquisition Imminent?

August 13, 2008 by Robin Wauters 1 Comment

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Capgemini, provider of consulting, technology and outsourcing services, announced today that Capgemini Financial Services USA has signed an alliance agreement with Surgient.

“By partnering with Surgient, we can now offer clients access to environment configurations through a centrally managed, shared service, eliminating manual provisioning work and delivering much higher utilization of expensive pre-production infrastructure. The results expected are shorter response times, reduced costs and ultimately, better business support,” said Charlie Li, vice president of the Quality Management and Testing Practice at Capgemini’s Financial Services Strategic Business Unit. “Delivering quality applications is closely tied to performance and reputation — and with this innovative virtualization solution, we can help global firms become more agile and better focus on their frontier application strategy in meeting their diverse and growing business needs.”

Meanwhile, VMblog points to a month old article on Austin Business Journal about Surgient, speculating about a future IPO or acquisition.

Surgient apparently hit its stride this year after tweaking its sales approach last summer, allowing companies to buy licenses for its virtual lab management software. President and CEO Tim Lucas says the growing popularity of virtualization gave Surgient the boost and a chance to double its revenue this year.

Lucas expects revenue to exceed $20 million for 2008.  And the company has recently signed 20 large customer deals, including German tech companies SAP AG and Siemans AG.  “We’re profitable now and cash flow is funding the growth of the business,” he says.

A report by The 451 Group cites HP and Borland Software as possible buyers of the Austin company. Lucas agrees that acquisition is a possibility but says an initial public offering could be considered as well.

Surgient

Filed Under: News, Partnerships Tagged With: acquisition, alliance, alliance agreement, Capgemini, Capgemini Financial Services USA, IPO, Surgient, virtualisation, virtualization

VMware Offers US Employees A Chance To Swap Their Post-IPO Stock Options

July 18, 2008 by Robin Wauters Leave a Comment

Tech Trader Daily found out that VMware today disclosed in an SEC filing that it plans to offer employees a chance to swap their post-IPO, “underwater” stock options for an equal number of options with an exercise price equal to the share price on the day immediately following the data the exchange is finished. Got that?

ZDnet clarifies:

Non-U.S. employees will be granted  a “to-be-determined proportionate number of restricted stock units after the exchange offer for U.S. employees is completed,” president and CEO Paul Maritz wrote in an e-mail to employees.

…

U.S. employees will get the same number of options – but at a price based on the close of the stock the day after the exchange is completed. In addition, the clock on the options vesting schedule will start over. The exchange is voluntary and company executives are not eligible.

John DiFucci, software analyst with J.P. Morgan apparently said this: “[This is more of] an effort to abate a brain drain from the company… While we consider this a modest positive for the stock, we also note that it acts to slightly dilute current shareholders.”

VMW, which rose $1.94 in the regular session, is off 28 cents, or 0.7%, to $38.61, in after hours trading.

VMware

Filed Under: News Tagged With: IPO, Paul Maritz, post-IPO, SEC, SEC filing, stock, stock options, underwater stock options, virtualisation, virtualization, VMW, vmware

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