Archive for February 2008
Originally uploaded by Joe Drumgoole
Digital Tagging is for Pussies.
The little dot above is meant to be a whole image, but the shit, shit, shit (did I say it was shit) wordpress editor while displaying it correctly in edit mode, obliterates it to a pixel when viewed via the main blog page. To reproduce, post a photo from flickr and edit the title. See the next post for a correct view.
I see Mary Hanafin is defending the current and by implication previous governments disgraceful role in special needs education in ireland. Always the big numbers are tossed out casually, 900m on special needs. (But it looks more like 20m on this page).
But where is it going? Two years is average time a child will wait who requires clinical psychological assessment. That is two years after the requirement for assessment has been determined by a state nurse, two years after, for a two year old! That is twice the childs life to date. Every single pratitioner in the field advocates early diagnosis and early intervention, but how can you intervene when you don’t know what the issue is?
What do parents do in that two year limbo?
Then the whole system is structured to remove aid at every step of the way, to eliminate opportunity, to reduce cost. Once you reach the level of primary education the whole rich and enormous wide spectrum of special needs is broken down into four categories and you’d better hit two or better still three for if you want any of that 900m.
The government have fought tooth and nail against ABA because they were strong. In similar cases such as the army deafness cases where they were weak they bent over so far it was hard to see their heads for their arses.
But strong against children?
And worse children who are at a disadvantage?
TechCrunch thinks SalesForce may be hawking itself to Oracle for $75 a share. I never know whether the prices make sense in these deals, but from a technology perspective it would be a huge win for Oracle. Oracle has been trying to get into the OnDemand space for years, but their OnDemand offering is shit, not to put too fine an edge on it. They have failed abjectly in every attempt for reasons such as,
- Channel conflict
- Obsession with build all their own technology (e.g. network management and storage management tools)
- Failure to re-architect the Oracle database to suit an OnDemand architecture (sensible out of the box defaults for a start)
- Failure to create a single OnDemand organisation, instead spreading the activity throughout the global support organisation
- Failure to price appropriately
- Failure to deploy billing infrastructure to bill appropriately
- Failure to deploy any kind of virtualisation at the OS level
- etc. etc.
SalesForce has solved all these problems and they have solved them using Oracle as a backend. They would inject the appropriate engineering/support DNA into Oracle and make the whole OnDemand effort more customer focussed.
Makes sense, but will Larry bite?
This is another all share deal but I doubt LeCayla got the fisting that WorkDay dealt out to CapeClear (time will deal). Conor has done a great job at LeCayla, from getting a six figure investment sum out on Trinity Venture Capital on the back of a PowerPoint presentation (any chance we could see that presentation Conor?) all the way through to this successful exit.
I love it when predictions come true.
Hot off the presses is the news that CapeClear’s major partner in US, WorkDay, has swallowed them whole in an all Stock deal. Details are not yet available (nor will they ever be) but my bet is an all stock deal where the Cape Clear stock gets reverse into WorkDay Stock at a penal conversion ratio (100 to 1 ?).
The exit of the Director of Engineering, John Maughan, doesn’t bode well for the rest of the engineering team in Dublin, but Seamus in Silicon Valley must be pleased.
Annrai has the annoucement on the Cape Clear Blog.
I should add, that an exit is an exit. So many Irish Software companies exit via liquidation, so hats off to Annrai and Co. for getting this one across the line.
This deal may also make a lot of sense for WorkDay in the long run.
- The get a pre-baked engineering team based in a geography they want to sell to (Europe)
- The get access to Irish tax breaks (12.5% corporation tax)
- If they play their cards right they get to book all EU revenue through Ireland (just like Google, Oracle, EBay and Microsoft) which turns the whole thing into a giant tax-incentive scheme. This demands that they have a substantial engineering component in Ireland (which bodes well for the existing developers).
More news at:
- Cape Clear Press Release : Workday Selects Cape Clear for SOA Integration
- Workday Press Release : Workday Launches Integration On Demand
- Marketwire : Workday launches Integration on Demand
- ZDNet : Dana Gardner : Middleware field consolidates in servics direction as Workday acquires Cape Clear
- ENN : Cape Clear signs on with Workday
- Silicon Republic: PeopleSoft founder buys Cape Clear (real info on redundancies)
- Generics Software Ireland (Startup based on Ada Language Technology)
- Digital Equipment Corporation (Ultrix Engineering)
- SilverPlatter (Electronic Publishing, reference Databases)
- Nomura Research Institute (Investment Banking, Middle Office Development)
- CR2 (Internet Banking)
- Cape Clear (Web Services, Service Oriented Architecture)
- LeCayla (many ideas, Conor ran with the best after I retired from the business)
- Oracle (OnDemand Engineering)
- PutPlace (Secure, Organise, Share etc.)
I then gave a short and sweet presentation on the highlights and lowlights of PutPlace to date including a flyby on the Paddy’s Valley Experience.
I’ve uploaded the slides to SlideShare. Happy to answer questions.
Price of 44.6billion USD or $31 dollars a share.
Interesting clash of cultures both at the technological and organisational level. These mega-mergers rarely work with the final entity being less than the sum of the parts. Expect to see both stocks plummet and Google’s share price to rise.
Google must be shouting Yahoo! right now.