| Acquisition of Healthvision
On January 11, 2010, LWSN announced that it completed its acquisition of Healthvision Solutions, Inc., through the acquisition of privately held Quovadx Holdings, Inc., its parent holding company. It is an all-cash transaction of $160.0 million. The acquisition is expected to add $60.0-$70.0 million to revenue and drive $0.06 - $0.07 in EPS accretion in the first year, excluding $16.0-$22.0 million in integration costs. 60.0% of the revenues are expected to be recurring.
One firm thinks that the acquisition of Healthvision will strengthen LWSN’s competitive position in the healthcare vertical as the integration of disparate (“siloed”) health-care applications likely will be accelerated by government mandates.
One firm believes that the acquisition of a healthcare middleware vendor Healthvision represents a strategically positive move, enabling cross sell into Lawson's large healthcare installed base.
Contracts and Agreements
On November 25, 2009, LWSN announced a new channel partnership with CAD IT, a leading organization in the Italian information technology sector and listed in the STAR segment of Borsa Italiana (London Stock Exchange Group). CAD IT will sell the Lawson M3 Enterprise Management System primarily serving top fashion companies and heavy equipment providers across Italy.
On November 24, 2009, The City of Abilene, Texas, signed a contract with LWSN to implement a multi-application contract that includes the Lawson Strategic Human Capital Management and Enterprise Financial Management suites. These applications will help the city automate and streamline HR processes and give employees and administrators more flexibility with many HR self-service functions. The Lawson applications will also help reduce costs through more efficient financial and accounting processes. The contract was signed during 1Q10. Moreover, Lawson Professional Services will provide implementation services for the project rollout.
On November 13, 2009, LWSN announced a new partnership with Advanced Utilities Systems (Advanced). Advanced joined Lawson’s product partner program as a complementary referral partner mainly focusing on the public sector market.
On September 30, 2009, LWSN announced that Butler Machinery, a U.S.-based Caterpillar equipment dealer, licensed LWSN for Equipment Service Management and Rental Suite, a software system designed for heavy equipment manufacturers, distributors, and rental companies. The contract was signed during Lawson’s first quarter of fiscal 2010, which ended Aug. 31, 2009.
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