- Baan
Infobox Defunct Company
fate = acquired bySSA Global Technologies , now part ofInfor Global Solutions
defunct =July 2003
company_name = The Baan Corporation
company_type = Private
foundation =Barneveld ,Netherlands , (1978 )
location =Barneveld ,Netherlands ,Hyderabad, India
key_people =Jan Baan ,Paul Baan ,Laurens van der Tang
industry =Computer software
products = ERPBaan was a vendor of
enterprise resource planning (ERP)software that is now owned byInfor Global Solutions .History
The Baan Corporation was created by
Jan Baan in 1978 inBarneveld ,Netherlands , to provide financial and administrative consulting services. With the development of his first software package, Jan Baan and his brother Paul Baan entered what was to become the ERP industry. The Baan company focused on the creation of enterprise resource planning (ERP) software.Baan gained its popularity in the early nineties. Baan software is famous for its technical architecture and its 4GL language, which nowadays is still considered to be one of the most efficient and productive among database application development platforms. Baan became a real threat to market leader SAP after beating SAP in the Boeing deal. However the fall of the Baan company began when it went public and became listed in the stock market. The management exaggerated company revenue by booking "sales" of software licenses that were actually transfers to a related distributor. The discovery of this "creative" revenue manipulation led to a sharp decline of Baan's stock price at the end of 1998. [cite web |url=http://www.businessweek.com/2000/00_33/b3694015.htm |title= The Fall of Baan (int'l edition) |accessdate=2007-08-23 |last=Baker |first=Stephen |coauthors=Menno Spiro, Steve Hamm |date=2000-08-14 |work=BusinessWeek |publisher=The McGraw-Hill Companies Inc ]
In June 2000, facing worsening financial difficulties, law suits and reporting seven consecutive quarterly losses and bleak prospects, Baan was sold at a price of US$700 million to
Invensys , [cite web |url=http://www.businessweek.com/2000/00_33/b3694017.htm |title= The Rise & Fall of Baan Co. |accessdate=2007-08-23 |date=2000-08-14 |work=BusinessWeek |publisher=The McGraw-Hill Companies Inc ] a UK automation, controls, and process solutions group to become a unit of its Software and Services Division. Laurens van der Tang was the president of this unit. With the acquisition of Baan, Invensys's CEO Allen Yurko began to offer "Sensor to Boardroom" solutions to customers.In June 2003, after the stepping down of Allen Yurko, Invensys sold its Baan unit to
SSA Global Technologies for US$ 135 million. The main attempt was to reduce the high amount of debt of Invensys, and also because Invensys had no cash to inject into Baan's turn-around.Upon acquiring the Baan software, SSA renamed Baan as SSA ERP Ln. In August 2004, SSA Global released a new version of Baan, named SSA ERP LN 6.1. In May 2006, SSA was acquired by
Infor Global Solutions of Atlanta, which was a major ERP consolidator in the market.ee also
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Comparison of accounting software External links
* [http://www.infor.com Infor]
* [http://www.informatik.tu-cottbus.de/~gwagner/BaanERP-Tutorial.html Understanding the Enterprise Information System Technology of BaanERP]
* [http://www.pcmag.com/encyclopedia_term/0,2542,t=BaanERP&i=38333,00.asp BaanERP] at PC mag
* [http://www.theregister.co.uk/2004/06/25/jan_baan_cordys/ Jan Baan the software man] at The Register
* [http://www.cordys.com Cordys]
* [http://www.nazdaq-it.com NAZDAQ a Baan add-on company that exports Baan reports to Excel, PDF, Word, XML, Email and More... ]References
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