Saturday September 19, 2020

Israeli deal ‘best way’ for Performix

Even though investors lost out when Performix was bought by Nice Systems, the firm is still positive about the deal, writes Gavin Daly.

10th June, 2006

Wh e n Conor Sheahan took over as chief executive of software firm Performix Technologies on July 1 last year, he faced a daunting task.

The company’s revenue had fallen from a high of $11.7 million in 2002 to $7 million in 2004 and it needed more funds to restructure and survive.

Performix had raised more than $30 million from investors, but a fire sale - which would net only a few million dollars - could not be...

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