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Seagull Software Says CFO Out, Interim Named
 TMCnet Contributing Editor
In compliance with section 9b paragraph 1 of the Dutch Decree on the Supervision on Securities Transactions (Besluit toezicht effectenverkeer 1995), Seagull Software has announced that, in light of the position of the Chief Financial Officer of the Company becoming redundant upon completion of Rocket Software's proposed acquisition of the shares of Seagull Holding N.V., the Company and Mory Motabar, Chief Financial Officer, have now reached agreement on termination of Mr. Motabar's employment.
During the interim period between this announcement and the contemplated closing of the transaction Michael Haynes, Director of Finance for Seagull Software for three years, has been named Acting Chief Financial Officer.
Just yesterday Fujitsu Computer Systems Corporation, a vendor of business process management and service-oriented architecture, and Seagull Software, which sells software to transform legacy business applications, announced that CentraSite now integrates with LegaSuite, Seagull's flagship product.
Under a cooperative marketing program agreement, Seagull Software can refer CentraSite to customers through its various channels. CentraSite is the industry's only vendor-neutral, standards-based SOA registry and repository.
In September, Seagull Software announced it had become a strategic sponsor of the CentraSite Community, and the referral agreement and integration are the first steps resulting from that sponsorship.
The integration of CentraSite with LegaSuite, according to Seagull officials, means that companies creating an SOA can "expose their legacy assets to their entire corporate development community, as well as the global development community."
In January Seagull Software announced that SVB Silicon Valley Bank extended to the company a $4 million revolving line of credit for general corporate purposes in support of Seagull Software's business plans.
This new credit facility replaces a $2 million working capital line of credit established in 2004. The company has not used either line of credit to date, but company officials say they're "pleased to have this resource" at their disposal.
Earlier the company had reported that the LegaSuite 5.0 platform has been certified to run on the SAP (News - Alert) NetWeaver platform, earning the “Powered by SAP NetWeaver” qualification. With LegaSuite, legacy applications become standard SOA services that can be invoked by SAP NetWeaver, and these services can now be accessed through the SAP NetWeaver Portal.
David Sims is a contributing editor for TMCnet. For more articles please visit David Sims' columnist page.
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