Briefs: S&P sees more software M&A in 2006

Dec 19, 2005

Merger-and-acquisition activity in the global software industry will remain robust in 2006, Standard & Poor's said Monday.

The credit-rating agency said that "many companies in this sector enjoy healthy cash flows, and with no shortage of debt, capital, and private equity available, (it) expects the flow of deals to continue."

"Consolidating companies generally had strong liquidity positions and generated robust free cash flow; credit downgrades have been limited to a handful of large, mostly debt-financed deals," said credit analyst Philip Schrank, adding that fewer growth opportunities in the industry will likely spur further buyout activities.

Copyright 2005 by United Press International

Explore further: EU open source software project receives green light

Related Stories

Apple set to turn up music dial

Jun 07, 2015

Apple is expected to unveil a ramped up music service Monday that builds on the iPhone maker's strengths in a challenge to Spotify, Pandora and other established players.

Plastic a valuable option for farmers' markets

May 19, 2015

Farmers' markets wanting to increase purchases by customers should consider accepting more than just cash or checks as payment, according to Washington State University researchers.

Recommended for you

Barnes & Noble names Sears Canada CEO for retail business

2 hours ago

Barnes & Noble, which is splitting into two companies next month, named Sears Canada CEO Ronald Boire to lead its retail operations and said company CEO Michael Huseby will become executive chairman its educational wing.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.