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| Former type | Private |
|---|---|
| Fate | acquired by SSA Global Technologies, now part of Infor Global Solutions |
| Founded | Barneveld, Netherlands, (1978) |
| Defunct | July 2003 |
| Headquarters | Barneveld, Netherlands, Hyderabad, India |
| Key people | Jan Baan,Paul Baan,Laurens van der Tang |
| Industry | Computer software |
| Products | ERP |
Baan was a vendor of enterprise resource planning (ERP) software that is now owned by Infor Global Solutions.
Contents |
History
The Baan Corporation was created by Jan Baan in 1978 in Barneveld, 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 transferred 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 1998.1
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$700 million to Invensys,2 a UK automation, controls, and process solutions group to become a unit of its Software and Services Division. Laurens van der Tang was the president of this unit. With the acquisition of Baan, Invensys's CEO Allen Yurko began to offer "Sensor to Boardroom" solutions to customers.
In June 2003, after Allen Yurko stepped down, Invensys sold its Baan unit to SSA Global Technologies for US$ 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 2005, 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.
See also
External links
- Infor
- COMM-IT One of the world's leading Service Provider for Infor products
- Understanding the Enterprise Information System Technology of BaanERP
- BaanERP at PC mag
- Jan Baan the software man at The Register
- Cordys
- NAZDAQ a Baan add-on company that exports Baan reports to Excel, PDF, Word, XML, Email and More...
References
- ^ Baker, Stephen; Menno Spiro, Steve Hamm (2000-08-14). "The Fall of Baan (int'l edition)". BusinessWeek. The McGraw-Hill Companies Inc. Retrieved on 2007-08-23.
- ^ "The Rise & Fall of Baan Co.". BusinessWeek. The McGraw-Hill Companies Inc (2000-08-14). Retrieved on 2007-08-23.
Wikipedia content modification information:
- This page was last modified on 3 December 2008, at 17:42.
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