RCPmag

Open Menu Open Menu


News

NEON Acquires Convoy for $42 Million

NEON Inc. (www.neonsoft.com) has announced it's entered into an agreement to acquire privately-held, application integration provider Convoy Corp. (www.convoy.com) for approximately $42 million in stock.

NEON, or New Era of Networks, not only gets added expertise as an EAI provider but the elimination of what may have become a potential competitor. Convoy has specialized in migrating data to and interface with ERP applications, especially PeopleSoft. The company had annual revenues of $10.4 million in the last fiscal year.

"Our customers often ask us to integrate PeopleSoft applications to legacy software, other packages such as SAP, and to the Internet," says Rick Adam, CEO for NEON. Now the company is hoping to add those capabilities to its present line of solutions such as adapters, event managers and integrators. -- Brian Ploskina

About the Author

Scott Bekker is editor in chief of Redmond Channel Partner magazine.

Featured

  • Windows Autopilot for HoloLens 2 Hits Preview

    Windows Autopilot, Microsoft's PC self-provisioning program, is now being tested for use with the company's mixed-reality headset, the HoloLens 2.

  • Signs Point to Microsoft Charging for Use of APIs

    There are indications that Microsoft is mulling charging customers for software that uses its application programming interfaces.

  • The 2020 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generations of .NET and PowerShell, here's what's on tap from Microsoft this year.

  • Microsoft Extends Azure Hybrid Benefit Licensing to Linux

    Microsoft has expanded its Azure Hybrid Benefit licensing program to include Linux servers, particularly Red Hat Enterprise Linux or SUSE Linux Enterprise servers.

Most   Popular