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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.

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.