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Interactive Intelligence Group Acquires CallTime Solutions
Tuesday, July 5, 2011 - 8:02am | 27Interactive Intelligence Group (Nasdaq: ININ) has acquired Sydney-based CallTime Solutions, an exclusive reseller of the vendor's software suite since 1998.
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J.P. Morgan Downgrades Blackboard To Neutral
Tuesday, July 5, 2011 - 7:59am | 66According to J.P. Morgan, Blackboard (NASDAQ: BBBB) is downgraded to Neutral. J.P. Morgan said that Blackboard is trading at 44.17, or 1.8% from the Providence Equity takeover offer of $45 per share. “We do not expect a competing higher bid so we are downgrading to Neutral from Overweight and...
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Tyler Technologies Expands Appraisal Services with Acquisition of Yotta MVS
Tuesday, July 5, 2011 - 7:33am | 97Tyler Technologies, Inc. (NYSE: TYL) today announced that it has completed the asset acquisition of Yotta MVS, Inc. of North Kansas City, Mo. Yotta, formerly Mobile Video Services, provides field property data verification and collection services, and develops and supplies the software to extract,...
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JP Morgan Downgrades Blackboard To Neutral, Lowers PT To $45
Tuesday, July 5, 2011 - 7:06am | 27JP Morgan has downgraded Blackboard (NASDAQ: BBBB) from Overweight to Neutral and has lowered the price target from $52 to $45.
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Ebix Announces Accelerated Plan to Double its US Exchange Sales Force
Friday, July 1, 2011 - 10:10am | 64Ebix, Inc. (NASDAQ: EBIX) today announced its plan to double its US Exchange sales force in 2011. The Company announced that it plans to hire a total of 44 new sales personnel in the Exchange arena in the United States in 2011. The Company said that it has already hired 14 new Exchange sales...
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Blackboard Trading Higher after M&A Deal
Friday, July 1, 2011 - 9:36am | 71Blackboard Inc. (NASDAQ: BBBB) today announced it has entered into a definitive agreement under which Blackboard will be acquired by an investor group led by affiliates of Providence Equity Partners in an all-cash transaction valued at approximately $1.64 billion, plus the assumption of...
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Benchmark reiterates Buy on Ansys
Friday, July 1, 2011 - 6:51am | 43Benchmark reiterated its Buy rating on Ansys (NASDAQ: ANSS). At the moment, Benchmark has a price target of $60 placed on the company's stock. On Thursday, Ansys lost 0.56% of its value to finish the day at $54.67.
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Ebix Announces Increase to Share Buy Back Program
Thursday, June 30, 2011 - 1:01pm | 147Ebix, Inc. (NASDAQ: EBIX) today announced that its Board of Directors has unanimously approved an increase to the Company's share repurchase program from $45 million to $100 million. The Board also authorized the Company to possibly complete these share repurchases over the next twelve months, and...
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Market Roundup
Thursday, June 30, 2011 - 11:54am | 229Shares of MSC Industrial Direct Co Inc (NYSE: MSM) dropped about 0.5% after the company reported upbeat fiscal third-quarter earnings and issued weaker-than-expected Q4 earnings. MSM reported its quarterly profit at $62.1 million, or $0.97 per share, up from $44.3 million, or $0.69 per share, in...
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VirnetX Agrees to ATIS' Policy Request
Thursday, June 30, 2011 - 9:25am | 206VirnetX Holding Corporation (NYSE: VHC) today announced that at the request of the Alliance for Telecommunications Industry Solutions, it has agreed to update its licensing declaration to ATIS under ATIS' Intellectual Property Rights policy. This is in response to VirnetX's March 14, 2011,...
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Tyler Technologies Signs ERP Agreement With The North Carolina State Ports Authority
Thursday, June 30, 2011 - 9:17am | 176Tyler Technologies, Inc. (NYSE: TYL) has signed a contract with the North Carolina State Ports Authority for Tyler's Munis® enterprise resource planning solution. The agreement includes related professional services, maintenance and support. The NCSPA selected Tyler's Munis ERP solution to aid...
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Piper Jaffray Reiterates Overweight Rating On Salesforce.com
Thursday, June 30, 2011 - 8:41am | 77According to Piper Jaffray, Salesforce.com (NYSE: CRM) transactions shows that growth has accelerated to 64% in the first two months of FQ2 from 62% during the same period last quarter. Piper Jaffray said that it notes the significance of this by highlighting the historical 90% correlation between...
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Ansys To Buy Apache Design For $310M
Thursday, June 30, 2011 - 8:37am | 162Ansys Inc (NASDAQ: ANSS) agreed to buy Apache Design Solutions for $310 million in cash. The transaction is likely to close in the third quarter of 2011. "We are very excited about the power-efficient design software that Apache adds to ANSYS' simulation capabilities," said James E. Cashman III...
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UPDATE: Jefferies Color on Parametric Technology PT Decrease
Thursday, June 30, 2011 - 8:34am | 89Jefferies, which lowered its PT on shares of Parametric Technology (NASDAQ: PMTC), is providing some color on the stock. “We have trimmed our forecasts and PT on PMTC following a downtick in our channel survey work,” Jefferies writes. “However, we think a soft patch in the economy should be...