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April
2000
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Financial
solution CODA has changed hands again
Just at the end
of March, the ownership of UK-based CODA financial software shifted
once more, this time back to the United Kingdom and a company with
plenty of AS/400 experience. Science Systems on March 31 announced
the completion of its acquisition of the Coda business from the Dutch
software company Baan for a total consideration of $49.3 million.
CODA has been a major business partner of Science Systems for over a
decade, since its software has been bundled with Science Systems
solutions. Bradmark has been working on CODA to get the accounting
applications a new interface, by way of the VB-View product which
Bradmark sells. Now the dance that was begun with Baan starts anew
with Science Systems. Baan had no interest in the proprietary
platforms supported by CODA. At least CODAs new owners will see
the advantages of proprietary technology, since they hail from the
world of AS/400s.
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