$4.5B acquisition - that’s big news regardless of where the company is located. In the 16+ years since Mercury was founded, it grew to become one of the icons of Israel’s hi-tech industry. Something that all start-ups aspired to, the pride and joy of our software industry.
When I joined the company in ‘90, it was a teeny start-up, situated “the villa” in Herzelia. In our wildest dreams, we wouldn’t have imagined that it would be valued at $4.5B (I sometimes dream what would’ve happened if I wouldn’t have sold my stock….).
It’s not new news. Rumors have been out for a long time (even I blogged about it back in May). Mark Hurd and Sandeep Johari say numerous times that “HP is going to make some moves in software that are much larger”… But today, it was made official.
So why bittersweet?
- When I see headlines that say HP buys troubled Mercury Interactive, I get a knot in my stomach. Mercury was a great company, who’s reputation was severely tarnished recently by the whole options-backdating issue. Yes, the company had troubles, but I don’t like to think of it as troubled, and am saddened that this is the final chapter in this great story.
- Software continues to consolidate. Mercury was a potential acquiror of start-ups, so as far as I’m concerned, that’s one less player in the market.
- I liked having a great Israeli company to brag about. Talking about part of HP’s OpenView management software division doesn’t quite have the same impact for me.
I’m sure there are lots of good things that this will ultimately bring to the shareholders, directors and officers of the company. However, right now, I can’t seem to think of them.
...and today's announcement of SanDisk's acquisiton of Israeli company M-Systems for $1.56B, sounds like Isreali companies are on a roll...
Posted by: Estelle | August 01, 2006 at 02:26 AM
As usual this was a thoughtful submit today. You make me want to preserve coming back and forwarding it my followers?-.
Posted by: New Uggs | November 04, 2011 at 03:25 PM
Yes! I agree what you say!
Posted by: New Uggs | November 17, 2011 at 01:08 AM
Here is an area that might be of help for you!
Posted by: Ugg Boots Uk | November 26, 2011 at 10:45 PM
Hi, exactly where did you get this info can you please support this with some proof or you might say some very good reference as I and others will actually enjoy. This details is actually great and I will say will usually be helpful if we attempt it possibility free. So if you can back it up. That may really support us all. And this may well bring some good repute for you.
Posted by: Short Classic Uggs | December 06, 2011 at 02:58 PM
Yes, thank for the details a million! Have to discover anybody organizing Tea Party. I wants to participate in organizing.
Posted by: New Uggs | December 15, 2011 at 07:18 PM