Baan And SSA GT Merge To Form A Mid-Market Empire With An ''Iron Side''
Part Two: Market Impact On Baan
P.J. Jakovljevic - July 12, 2003

Event Summary

Baan, once one of the leading independent providers of enterprise application solutions for industrial enterprises, and subsequently part Invensys plc. (London Stock Exchange: ISYS), was sold on June 3 to an investment group consisting of Cerberus Capital Management, L.P. and General Atlantic Partners, LLC, two of the world's leading private investment firms. Backed by nearly USD $14 billion in investment capital, the investment group plans to employ a growth oriented, long-term strategy to the Baan business, in the manner similar to the incredulous comeback of SSA Global Technologies (SSA GT) (www.ssagt.com ), incredulous comeback. Very likely the new mid-market manufacturing ERP empire-in-the-making will be spared from any unnecessary controversy and the stalemate that embroils Oracle, PeopleSoft and J.D. Edwards...