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Tuesday, April 26, 2011

Lawson Software to go private in deal worth $2 bln

Lawson Software Inc has agreed to be bought by private equity firm Golden Gate Capital in a cash deal valuing the business software maker at about $2 billion, weeks after hiring bankers to look into a possible sale. Mid-sized business software makers are looking to consolidate in a bid to gain scale in a market dominated by heavyweights such as Oracle and SAP AG . Hewlett-Packard Co had considered buying business software company Tibco Software Inc , Reuters reported earlier this month. ID:nN11117616] Last month, Reuters reported that Lawson -- in which billionaire investor Carl Icahn has an 11 percent stake -- had hired Barclays Capital to look at strategic options, including a possible sale.

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