Wednesday, August 03, 2005
SumTotal acquired Pathlore this afternoon for $48 million, $29 million of which was cash. Here's the press release. You can link from there to a webcast recording of today's analyst call. I haven't listened yet because I don't want to be biased. The mind reels at the thought of a Docent+Click+Pathlore code base. Also, I didn't see Lee Maxie's name in the release, but his fingerprints have to be on the paperwork for this deal. The most surprising aspect for me is that I really don't give a hoot. A couple of years ago, everyone was drinking the LMS KoolAde. Now that that frenzy is past, tracking the LMS market could be a cure for insomnia.
The exciting action has passed on to collaboration, simulation, workflow, and connecting: doing instead of reporting. That's an oversimplification, to be sure, but once things are over the chasm, they begin to bore me.
The exciting action has passed on to collaboration, simulation, workflow, and connecting: doing instead of reporting. That's an oversimplification, to be sure, but once things are over the chasm, they begin to bore me.
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