Does NavisionDamgaard Merger Mark Further Mid-Market Consolidation?
P.J. Jakovljevic - January 2, 2001

Event Summary

On November 22, NavisionDamgaard, the merger of Navision Software and Damgaard, fellow Danish providers of business applications for mid-sized enterprises, announced it would continue to market the two current companies' main product lines: Damgaard Axapta, Navision Solutions, Damgaard XAL and Damgaard C5. The boards of directors and the founders of Navision Software a/s and Damgaard a/s recommended a merger under the name of NavisionDamgaard a/s on November 21. The merger should create an international mid-market leader with revenues of more than $140 million...