Mergers & Acquisitions on Ulitzer

SUNNYVALE, CA -- (Marketwire) -- 05/17/12 -- Proofpoint, Inc. (NASDAQ: PFPT) Total revenue of $24.6 million, up 31% year-over year Subscription revenue of $23.3 million, up 45% year-over-year Billings of $23.9 million, up 25% year-over-year GAAP net loss of $4.8 million compared to $5.1 million in the same period last year Non-GAAP net loss improves to $2.0 million from $2.8 million in the same period last year Operating cash flow of $0.2 million during the first quarter Proofpoint, Inc. (NASDAQ: PFPT), a leading provider of security-as-a-service solutions, today announced financial results for the first quarter ended March 31, 2012. "We are very pleased with our strong first quarter performance which was highlighted by robust revenue and billings growth," stated Gary Steele, chief executive officer of Proofpoint. "We continue to gain market share as a result of our... (more)

Intuit Records Third-Quarter Revenue of $1.9 Billion

Intuit Inc. (Nasdaq:INTU) today announced financial results for its third fiscal quarter, which ended April 30. Unless otherwise noted, all growth rates refer to the current period versus the comparable prior-year period. Highlights Recorded third-quarter total revenue of $1.9 billion and increased total revenue 9 percent year to date, to $3.6 billion. Grew Consumer Tax revenue 11 percent for the fiscal year to date, with 7 percent growth in paid units for the season. Increased Small Business Group revenue 11 percent for the quarter and for the fiscal year to date. Growth continu... (more)

Jennifer Gray Joins Bottomline Board of Directors

Bottomline Technologies (NASDAQ: EPAY), a leading provider of cloud-based payment, invoice and banking solutions, today announced the appointment of Jennifer M. Gray to the company’s Board of Directors. Ms. Gray is the founder and CEO of Market Street Talent, an information technology staffing and consulting business serving innovative technology clients throughout the continental U.S. and Canada. Her experience as a successful entrepreneur and technology CEO will add to the breadth and depth of Bottomline’s Board. “Jennifer is an inspiring leader who has demonstrated the vision,... (more)

Cumberland Oil & Gas Ltd. Provides Operational Update

CALGARY, ALBERTA -- (Marketwire) -- 05/17/12 -- Cumberland Oil & Gas Ltd. (TSX VENTURE:COG) ("Cumberland" or the "Company") is pleased to provide an update on the status of the proposed drilling of an Upper Montney horizontal well on its land at West Nig, British Columbia. In December 2011, Cumberland reported that it had entered into a farm-out and joint venture agreement coverings its 1,128 hectares at West Nig. The proposed earning well, HZ W NIG b-97-K/94-A-13 (the "Earning Well") has been licensed and plans are underway to commence drilling operations in late June 2012, wea... (more)

ArchPoint Partners Completes Another Industry-Leading Transaction in the SaaS and Healthcare IT (HCIT) Space

SAN FRANCISCO, CA -- (Marketwire) -- 05/17/12 -- ArchPoint Partners acted as sole advisor to Solutionreach, a SaaS company providing market-leading patient engagement software for healthcare practices, in a significant investment by growth equity investor Summit Partners. Financial terms of the transaction were not disclosed. This commitment from Summit Partners positions Solutionreach to maintain its leadership position in patient collaboration solutions while accelerating its already rapid growth. This transaction follows ArchPoint's recent sale of Portico Systems to McKesson ... (more)