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BigHand’s founder exit via an MBO

And the consolidation continues with digital dictation systems market leader BigHand the latest to see changes at the top. With effect from yesterday (Monday 24th) the company’s founders – Stephen Thompson and Gordon McAlpine – have sold their shareholding to a management buyout team, backed by LDC, the private equity division of the Lloyds TSB …

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Government does U-turn on HIPs – no surprise there then

The British government has caved in to the growing anti-HIPs campaign and announced that one of the key and most controversial elements – the Home Condition Reports (HCR) – will not now become mandatory on 1st June 2007 as planned. Instead, there are now suggestions that HCRs will be delayed until 2009. However as that …

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Open Text makes rival bid for Hummingbird

Document management systems supplier Open Text has announced its intention to make an a rival takeover bid for DMS supplier Hummingbird at a price of US$27.75 per share in cash. This is US$1.00 greater than the offer currently on the table for Hummingbird from Symphony Technology Group. It is Open Text’s intention to commence the …

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