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

  • Microsoft Sweetens Windows 7 Extended Security Updates for E5 Licensees

    In a promotional offer, organizations that have E5 licensing can get a year of free access to Microsoft's Extended Security Updates program for Windows 7.

  • Rollout Begins for HoloLens 2

    Microsoft started shipping the new version of its mixed reality headset, the HoloLens 2, on Thursday.

  • The 2019 Microsoft Product Roadmap

    From the next major update to Windows 10 to the next generation of HoloLens, here's what's on tap from Microsoft this year.

  • 2019 Microsoft Conference Calendar: For Partners, IT Pros and Developers

    Here's your guide to all the IT training sessions, partner meet-ups and annual Microsoft conferences you won't want to miss this year.

RCP Update

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.