“Anyone who has never made a mistake has never tried anything new.”— Albert Einstein |
Paycycle is addressing the 5.5 Million small businesses with employees fewer than 25 people, with a payroll management service including all sorts of taxes and deductions. This is essentially the same space as Paychex, ADP, and Intuit, only going after the very small businesses. They have 18,500 customers, did $4 Million is sales last year, expecting to double this year, and growing steadily by 100% year-over-year each quarter.
Epiphany has been acquired. Finally. By a rather large, little-known Chicago company called SSA (Nasdaq: SSAG). Now, who is SSA?
Here are some financial data:
Market Cap: $916 Million
2004 2003 2002 2001
Annual Sales ($ mil.) 636 296 160 136
Annual Net Income ($ mil.) 18 52 1 (41)
And here is some History:
Roger Covey founded System Software Associates (SSA) in […]
Way Systems an extremely simple value proposition, to be able to process transactions using cell-phones! Millions of mobile merchants - from Pizza delivery boys to Avon door-to-door reps to taxis to plumbers - can now become networked!
There have been a few deals this year that make a lot of sense for the shareholders, but make very little sense for the acquiring private equity firm, despite the discounts: Broadvision’s acquisition by Vector Capital is one such. The second one is Golden Gate Capital’s acquisition of Blue Martini, presumably to merge with Ecometry, one of their other portfolio companies.
There is no single semiconductor memory technology today that has all the desired attributes, which on top of speed, density and non-volatility include: low-cost of manufacture, low switching energy and scalability to nanometer-scale dimension. Products in various stages of commercialization that include at least some of the attributes include: Ovonic Unified Memory (OUM), Magneto-Resistive RAM (MRAM), Ferroelectric RAM (FRAM) and Nanotube RAM (NRAM), iSuppli said. But the rewards for a winning technology are likely to be immense with the memory market set to double from $46.8 billion posted in 2004 to $95.4 billion by 2019.
