German construction software firm Thinkproject put up for sale -sources

FRANKFURT, Oct 19 (Reuters) – German construction software developer Thinkproject has been put up for sale by its private equity owner in a potential 700-million euro ($823 million) deal, people close to the matter said.

Buyout group TA Associates, which is working with investment banking boutique Arma Partners on the divestiture has already sent out information packages on the company to prospective buyers, they added.

Private equity firms such as Cinven, KKR, Permira and TPG are expected to show interest in the company, as may some software groups.

TA Associates, Arma Partners and some of the prospective bidders were not immediately available for comment while the others declined to comment.

In a sign of the high valuations that software firms can reap, ThinkProject peer RIB Software was acquired by French electrical equipment group Schneider Electric earlier this year in a deal valuing the German firm at about 23 times its

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Computer Viruses – China’s Electronic Gadgets Are The Latest Sources

Some of our favorite new electronic gadgets are now known to be causing serious problems with our computers. These gadgets, such as iPods, digital picture frames, and navigation gear, are being sold with pre-installed viruses that are said to be coming from the factories where they are produced, most commonly in China.

As of now, it appears that the viruses are coming from a lack of quality management in the factories. Most likely, once the gadgets come off the assembly line, they are being tested on infected computers. Much like how a human virus spreads, if one computer comes in contact with an infected computer, the virus will spread. Therefore, the infected test computers are infecting the gadgets and then the gadgets are infecting the computers that they are plugged into after they are purchased. If an infected gadget spreads the virus to the consumer’s computer, that computer will then … Read More