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Lawson Software To Buy Healthvision Solutions For $160 Million

January 8, 2010 (FinancialWire) — Lawson Software (NASDAQ: LWSN) said it has agreed to acquire Healthvision Solutions, Inc. through the acquisition of privately held Quovadx Holdings, Inc., its parent holding company. The all-cash transaction of $160 million is subject to regulatory approvals and expected to close in January 2010.

Dallas-based Healthvision provides integration and application technology and related services to hospitals and large healthcare organizations.

Healthvision’s Cloverleaf integration technology connects the disparate software applications and technologies used throughout healthcare organizations.

Lawson said the acquired company’s offerings complement existing Lawson capabilities in providing enterprise software to healthcare organizations.

The company said that Healthvision has 800 customers, including 200 joint customers with Lawson, and its products are used in more than 3,000 healthcare facilities around the world.

Lawson added that, in the first 12 months after closing, it expects that Healthvision will add $60 million to $70 million in revenues and $0.06 to $0.07 of net earnings per diluted share before amortization of acquired intangibles, purchase accounting impact on revenues, integration and transaction costs. Subject to final determination after the close of the transaction, these costs are estimated to be $16 million to $22 million in the first year. Around 60 percent of Healthvision’s annual revenues are maintenance or subscription fees.

Minnesota-based Lawson Software provides software and service solutions to 4,500 customers in equipment service management & rental, fashion, food, general manufacturing & distribution, healthcare, public sector, general service industries, and strategic human capital management across 40 countries.

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