SoftBrands' Recovery Softens the AremisSoft Bankruptcy Blow
P.J. Jakovljevic - February 27, 2006

Background

The dynamic enterprise applications market never ceases to amaze long-term observers. While many players have sunken into oblivion, a few have come back under new names, with familiar (albeit refined) value propositions. One such case is SoftBrands, Inc. (AMEX: SBN; www.softbrands.com ), a Minneapolis, Minnesota (US)-based provider of enterprise solutions for small- to medium-sized businesses (SMB) in the manufacturing and hospitality industries worldwide. The vendor has more than 550 employees in its US headquarters and branch offices in Europe, India, Asia, Australia, and Africa. With more than 4,000 customers in over 60 countries now actively using its products, it has established a decent global infrastructure for the distribution, development, and support of enterprise software...