Wednesday, November 02, 2005

An EPM and IT Governance Giant is in Trouble; Mercury Interactive CEO and CFO Resign

Amid a corporate scandal, Mercury's CEO, Amnon Landan, and its CFO, Douglas Smith, resigned after a special committee found that they benefited from an options pricing practice installed at Mercury.

Their stock fell considerably, and some are speculating that it could make Mercury an acquisition target. Mercury is the corporation behind Mercury ITG, an EPM and IT Governance suite purchased from Kintana.

Here's the story from TheStreetcom...

Mercury Interactive CEO, CFO Resign

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