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Short Take: Mapics buys Pivotpoint for $48 million

Mapics, which makes business software for mid-sized manufacturing companies, has agreed to acquire software maker Pivotpoint. Mapics said the acquisition will help expand its offerings beyond the AS/400 operating platform to include Microsoft Windows NT, Unix and Linux. Under terms of the acquisition, Mapics will purchase all Pivotpoint shares and pay off some Pivotpoint debt for a total of $48 million in cash. The deal is expected to close within 60 days, pending approval by Pivotpoint stockholders.

Kim Girard
Kim Girard has written about business and technology for more than a decade, as an editor at CNET News.com, senior writer at Business 2.0 magazine and online writer at Red Herring. As a freelancer, she's written for publications including Fast Company, CIO and Berkeley's Haas School of Business. She also assisted Business Week's Peter Burrows with his 2003 book Backfire, which covered the travails of controversial Hewlett-Packard CEO Carly Fiorina. An avid cook, she's blogged about the joy of cheap wine and thinks about food most days in ways some find obsessive.
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Kim Girard
Mapics, which makes business software for mid-sized manufacturing companies, has agreed to acquire software maker Pivotpoint. Mapics said the acquisition will help expand its offerings beyond the AS/400 operating platform to include Microsoft Windows NT, Unix and Linux. Under terms of the acquisition, Mapics will purchase all Pivotpoint shares and pay off some Pivotpoint debt for a total of $48 million in cash. The deal is expected to close within 60 days, pending approval by Pivotpoint stockholders.