Computer Associates plans to spin off its Accpac International accountancy software unit by taking it public on Nasdaq, in a deal valued at $52 million.
The software giant intends to use $5 million of the proceeds to pay a loan note and will use the rest to fund working capital and general corporate expenditure, including increased investment in sales and marketing.
Santa Clara, California-based Accpac filed its S-1 with the Securities and Exchange Commission today and has applied to trade under the symbol, ACPI. The transaction will be underwritten by JP Morgan and Cowan.
Children as young as four to be taught about the dangers of social media
Bans already issued to hundreds of players who used offensive language
The site is perfectly situated for launching small satellites into orbit
Delegates at the ESOF 2018 conference were warned that their perceptions of the digital age were coloured by private industry