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“The three most popular and commonly accepted sources of information on the Web are Google, YouTube and Wikipedia.”
- Patrick Holcomb, exec VP-business development and marketing at Intergraph in an article at B2B Magazine about how the company is using video, SEO and social media to get the most from it's marketing budget which is less than 1% of the company's revenue.
Court documents reveal the eight year suit is over. Intergraph is basically selling Bentley $200M in stock.
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..Cobalt BSI Holding, which bought Intergraph in 2006, will sell back to Bentley its 15.6 million shares of Bentley stock, at a purchase price of just over $12 per share, totaling about $198 million, according to court documents. In July 2010, Sweden-based Hexagon AB bought Intergraph from Cobalt for $2.1 billion.
The settlement total includes $9.9 million in fees and expenses awarded to Cobalt’s attorneys, including Bartley Loftin III of Huntsville and his firm, Maynard Cooper & Gale.
Oh, and the two companies won’t talk about the settlement, save to say it was mutually agreeable.
- AL.com
The CEO, Ola Rollen, is all smiles in an interview with the local paper. He said Hexagon acquired Intergraph (which it first looked at six years ago) because of its people and plans to make no changes. A comment suggests there were layoffs last week.
The “new” Intergraph Government Services (IGS), led by Brig. General (ret.) Jack Pellicci, was announced earlier this week and I had a chance to sit down with General Pellicci during the GEOINT conference. “I’ve been looking forward to doing this all my life,” said Pellicci referring to his new position as CEO of the IGS entity which will support all of the federal government contracts that Intergraph serves.
Since the acquisition by Hexagon, a Swedish conglomerate, U.S. law requires that government projects be serviced by a U.S. firm in order to protect sensitive information. IGS reports to a proxy board led by U.S. citizens. The relationship between IGS and Hexagon is more or less an “arms length” relationship. Hexagon receives the revenue generated by the new company but does not have a say in how the company runs its day to day operations.
Pellicci said that IGS will focus on its existing military and defense work and will continue to sell Intergraph’s software solutions as well as products from other Hexagon companies including ERDAS and Leica Geosystems. But the relationship with Intergraph’s product center will become a little less close than it had been given the constraints of the new entities.
Pellicci is nonetheless enthusiastic about his new post and will continue to bring his knowledge of the military and intelligence sector to his new endeavor.
With approval of the acquisition complete (press release), the plan to sell the bonds was announced.
[The company] proposed a 6.5 billion Swedish kronor ($980.2 million) rights issue to partially finance its $2.13 billion acquisition of Intergraph Corporation. The number of shares to be issued and the subscription price will be announced on Nov. 19, while Hexagon will seek shareholder approval for the move at an extraordinary general meeting on Nov. 24.
- WSJ
—- original post 10/7/10—-
Hexagon will sell bonds to refinance some of the loans used to fund the acquisition Intergraph Corp.
After the purchase is complete, Hexagon plans to sell shares to raise $850 million.
