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IT Manager's Journal: Does Ingres Buyout Portend a Better Future?

Dec 06, 2005, 12:15 (1 Talkback[s])
(Other stories by Lauren Rudd)

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"Even if you are not one of Computer Associates' 10,000 Ingres customers, the move last month by the company to sell Ingres to two venture capitalists probably got your attention. Computer Associates and Garnett & Helfrich Capital, a private equity firm specializing in venture buyouts, set up a partnership arrangement for the purpose of spinning off Ingres into an independent corporate entity. The stated plan is for Ingres to focus exclusively on the development dynamics and business opportunities associated with the open source database marketplace.

"Although Garnett & Helfrich Capital is the majority shareholder in Ingres, Computer Associates has a substantial piece of the pie and as such will appoint will appoint one person to Ingres's board of directors..."

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