Baan Acquisition Expands Product Set and Integration Issues
P.J. Jakovljevic - September 3, 1999

Event Summary

In a move aimed at strengthening its position in vertical markets, Baan Co. NV announced on August 31 the acquisition of fellow Dutch business software producer Proloq Holding BV. Baan and Proloq already have a history of jointly producing and supplying industry-specific enterprise applications, primarily for the cable and wire, pulp and paper, and metal industries. Under the terms of the agreement, Proloq becomes a wholly owned subsidiary of Baan, the company said. On August 23 Salomon Smith Barney (SSB) announced an upgrade in their rating of Baan's stock. In explaining their move, SSB pointed to Baan's improved second quarter financials, their new management team, and their ambitious new product portfolio. The week earlier, August 18, Baan hosted their supply chain conference and they used the opportunity to announce a new suite of supply chain products. According to the Company, the most significant capabilities of the Baan Supply Chain suite include:..