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Great Plains poised for $140m Solomon takeover

By Sally Watson

Published: Tuesday 02 May 2000

Ebusiness software specialist Great Plains is to acquire Solomon Software for around $140m in stock and cash in a move intended to boost the company's ebusiness offerings to medium-sized companies.

Both companies specialise in software for small to medium-sized firms, including ecommerce technology, payroll and accounting software and reporting programmes.

The deal, set to be completed by June, will see Solomon continue as a separate business unit of Great Plains, with Michael Rupe, president and CEO of Solomon, remaining in place to head up the division.