Word: softkey
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...first bit of unpleasantness for O'Leary. For most of the 1990s, he was the president of educational-software company Softkey, which he co-founded with fellow Canadian entrepreneur Michael Perik. O'Leary and Perik sold the firm, which they renamed the Learning Company, to Mattel in 1999 for $3.6 billion. But almost immediately the deal turned sour. The Learning Company lost $200 million in the second half of 1999 alone. O'Leary and Perik, who joined Mattel after the merger, left the toy company six months later in a management shake-up. In 2001, Mattel disposed of the Learning...
Seuss, who received his MBA from Harvard Business School in 1978, founded the $65-million Spinnaker Software Corporation before he created Northern Light last fall. Spinnaker has since been sold to Softkey International, a Canadian software firm...
...technology investments it undertook did well. A private equity investment of about $20 million in Softkey, a technology firm, was sold for more than $100 million during the year, the source said...
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