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Networkers expand strategies with software buys

The market for customer relationship management is heating up fast, and networking companies are rushing to sign partnerships to ensure their contention in the race.

 

  latest developments 

The software market is heating up fast, and companies are rushing to sign partnerships to ensure their contention in the race.

"It's going to be interesting to see how the competitive situation changes in the front office software market."

- Pat Mason, a financial analyst at Preferred Capital Markets.

 


Clarify's stock jumps on Nortel deal
update Shares of Clarify jump 37 percent following Nortel's announcement that it will acquire the front-office software maker. The firm also expects stronger third-quarter earnings.

Nortel to buy software maker Clarify
The networking equipment giant agrees to buy Clarify, a maker of software that automates corporate sales and customer service needs, in a stock deal valued at $2.1 billion.

Previous coverage
PeopleSoft bolsters offense with Vantive buy
The software company's acquisition of Vantive marks a pairing of two underdogs that may help both emerge stronger as a united front.

Lucent banks on customer service software
The telecom equipment maker buys Mosaix, a customer service management software firm, for $145 million in stock.