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

  • Azure Backup for SQL Server Now Commercially Available

    Microsoft on Monday announced that Azure Backup for SQL Server had reached "general availability" status, meaning it's deemed ready for production-environment use.

  • Insights for MyAnalytics Getting Switched On for Office 365 Users This Month

    Microsoft is planning to activate "Insights for MyAnalytics" sometime late this month for most Office 365 users, but the ability of organizations to manage this feature won't be available until possibly mid-May.

  • SharePoint Framework 1.8 Now Generally Available

    Microsoft this week announced that SharePoint Framework 1.8 had reached "general availability" status, although some features are still at the preview stage.

  • How To Create Office 365 User Accounts in Bulk

    Manual account creation can be tedious, time-consuming and prone to human error, especially if you have more than a handful of Office 365 users to set up. Brien shows you a better way.

comments powered by Disqus

Office 365 Watch

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.