Peregrine Joins GoldMine in Marketing Deal

By Karen Kaplan

Dec. 16, 1999 12 AM PT

Software makers Peregrine Systems Inc. and GoldMine Software Corp. announced a partnership to jointly market their products. As part of the deal, San Diego-based Peregrine will buy a 10% stake in GoldMine for $82.7 million, giving the privately held company a market value in excess of $800 million. Both companies make software to help companies keep track of business contacts, customer services, and other company information. GoldMine was founded in Pacific Palisades and was sold earlier this year to Bendata Inc. of Colorado Springs, which took GoldMine’s name. Shares of Peregrine Systems rose $1.75 to close at $75.50 in Nasdaq trading Wednesday.

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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.

Peregrine Joins GoldMine in Marketing Deal

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