Word: gresham
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Dates: during 1990-1999
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...Seven years later, he had built it into a $5 million business. But, he says, "we had to raise a lot more money or settle into a growth rate that in my opinion wasn't enough for long-range prosperity." So in 1998 he sold out to Gresham Computing, a British firm. Gresham coveted Open Microsystems' technology, employee team and customer list. In return, Gresham enabled Open, now renamed Gresham Enterprise Storage, to "get into deeper pockets," as Groves puts...
...time of the merger, the combined revenues of Gresham and Open Microsystems totaled roughly $30 million. In only a year and a half, that has grown to $50 million. For Groves, though, the merger was a success in another sense--as "a way to build a bridge that would eventually get me out of there. My m.o. is to build something quickly" and then move on. He has no intention of emulating Oracle founder and still chief Larry Ellison. Oracle, Groves remarks, "got really big, and that's terrible because you can never escape from...
...potential competitors, like Personify and Anubis. But while trustbusters may try to stop such a merger between two giant competitors or at least attach onerous conditions, they are almost sure to ignore combinations of little competitors. It is difficult to imagine a combination the size of Personify-Anubis or Gresham-Open resulting in a significant reduction of overall competition...
...players scored for the Crimson, while sophomore goalie Gresham Bayne held the Beavers to only five points on four goals, tallying eight saves in the process...
...counted on a season-ending injury to freshman goalie Gresham Bayne before the opener, forcing sophomore driver Josh Bliesath into net. Although Bliesath improved dramatically as the season progressed, it took an entire year for Harvard to recover from its early-season woes...