NetApp to Acquire Data Domain

NetApp (NASDAQ:NTAP) and Data Domain (NASDAQ:DDUP) announced today they have entered into a definitive agreement under which NetApp will acquire all of the outstanding shares of Data Domain common stock for $25 per share in cash and stock. The transaction is valued at approximately $1.5B, net of Data Domain’s cash.

“This combination is a great opportunity for both NetApp and Data Domain,” said Dan Warmenhoven, chairman and CEO of NetApp. “Data Domain is an innovative high-growth company with a complementary product line ideally suited for multi-vendor environments where customers want to minimize their use of tape for backup. NetApp has the distribution channels and international reach to offer Data Domain products to more customers, accelerating growth and market adoption.

Argos Improves Productivity At Its Distribution Centres Using Retalix Software

The UK’s Largest General Goods Retailer Deploys Retalix Yard Management System

Retalix® Ltd. (NASDAQ: RTLX), a leading provider of software solutions for retailers and distributors, announced today that Argos is deploying the Retalix Yard Management software system at its distribution centres across the UK to optimise resources and improve efficiencies in day to day operations.

Argos has been using Retalix Warehouse Management System since 1998.  The deployment of Retalix Yard Management at Argos’ head office in Milton Keynes is a natural extension of the visibility Retalix provides into warehouse operations, allowing control and monitoring of its 500-strong fleet across all Argos’s nine UK distribution centres in real time through a Web-enabled user interface.

Blackboard to Acquire ANGEL Learning, Inc.

Combined Company to Accelerate Innovation, Interoperability in e-Learning WASHINGTON, May 8 -- Blackboard Inc. (Nasdaq: BBBB), a global leader in education technology announced this week a definitive agreement to acquire privately-held ANGEL Learning, Inc., a leading developer of e-learning software to the U.S. education industry. The acquisition combines ANGEL's record of innovation and client service with Blackboard's own innovation, financial strength and industry leadership to create a stronger, more flexible supporter of teaching, learning and student engagement. The combined company aims to accelerate the pace of innovation and interoperability in e-learning, and will continue to invest in solutions to more effectively support teachers and learners.

Pegasystems Announces Record Revenues for the Seventh Consecutive Quarter; Revenue of $62 Million and Net Income of $9 Million for First Quarter

Pegasystems Inc. (NASDAQ: PEGA), the leader in Business Process Management (BPM) software solutions, today announced financial results for the first quarter of 2009. Total revenue for the first quarter of 2009 increased 29% to $62.4 million compared to the first quarter of 2008. License revenue for the first quarter of 2009 increased 60% to $28 million compared to the first quarter of 2008. Net income for the first quarter of 2009 was $8.6 million compared to $2.9 million for the first quarter of 2008. The Company generated $13.9 million in cash from operations and ended the quarter with $173 million in cash and marketable securities.