Platinum Technology Inc - The Software Magazine 1995 Top 100 - Company Profile - Brief Article

Software Magazine,  July, 1995  by Colleen Frye,  Deborah Melewski

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The big news for Platinum Technology in 1994 did not seem so big at the time. In December, the company filed a common stock offering that raised $54.3 million. With that lucre in hand, Platinum has subsequently gone shopping for a variety of small and big companies this year.

While dwarfed in comparison to the spate of recent purchases, acquisitions helped fuel at least some of Platinum's growth in 1994. The company's packaged software revenue moved from $57.9 million to $90.2 million in 1994, a heady growth of 56%. The company acquired Aston Brooke Software, Dimeric Development Corp., and Datura Corp., as well as its relational database management Benelux distributor affiliates.

In recent months, the firm's aggressive leadership has revealed, in effect, that it intends to buy rather than be bought. The growing relational database tool market will spawn a potent after-market, Platinum would aver.

In the coming months Platinum will further its migration from provider of database utilities to provider of full-fledged systems management and data warehouse offerings. The company is thus positioning itself to take on other companies, such as Computer Associates, that have ridden acquisition fever to the uppermost ranks of the software elite.

COPYRIGHT 1995 Wiesner Publications, Inc.
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