Platinum Software Corp.: The Irvine firm said...

Platinum Software Corp.: The Irvine firm said Wednesday that its directors had adopted a “poison pill” to ward off any hostile takeovers. The shareholder rights plan is “not a response to any specific effort to acquire control of the corporation,” the company said.

Details of the plan will be mailed to shareholders in April.

Typically, poison pills involve issuing more stock to existing shareholders so that a company becomes prohibitively expensive for an outside shareholder, or raider, to buy.

Platinum is a leading provider of computer software for financial information systems.