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Technology and the Internet

Is Goldmine Software Striking a Deal?

By KAREN KAPLAN, technology reporter, DEBORA VRANA and investment banking reporter
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A news release Thursday sparked speculation that Goldmine Software Corp., the fast-growing Pacific Palisades software maker, will announce April 19 that it is planning a merger or first-time stock offering.

Speculation stemmed from a release the privately held company issued to the media saying that it planned a “major industry announcement” at the upcoming DCI Customer Relations Management Show in San Francisco.

Besides previewing a new product, some observers are expecting the company to announce plans for a merger, possibly with longtime partner Microsoft Corp. Others believe the company may be planning an initial public stock offering. Many tech-stock mavens have been waiting for a chance to buy into Goldmine, believing it could follow in the lucrative footsteps of some other recent hot IPOs.

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Goldmine, which specializes in work-group-management software, was launched nine years ago in a Woodland Hills apartment. Gregg Steiner, company spokesman, would not comment Thursday on the speculation.

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Technology and the Internet
Karen Kaplan

Karen Kaplan covers science and medical research for the Los Angeles Times. She has been a member of the science team since 2005, including 13 years as an editor. Her first decade at The Times was spent covering technology in the Business section as both a reporter and editor. She grew up in San Diego and is a graduate of MIT and Columbia University.

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