Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
ASG Software Solutions Executes Commitment Letter for Approximately $250 Million Loan Facility from TPG Opportunities Partners

ASG Software Solutions announced today that it has entered into a commitment letter with TPG Opportunities Partners for the provision of an approximately $250 million loan facility, which will refinance in full its existing first lien indebtedness and pay in full certain related fees and expenses. The commitment contemplates that the Company's second lien bond payment due November 15, 2012 will be paid at or before consummation of the financing.

Arthur L. Allen, ASG’s CEO, stated “We are excited about this loan and working with TPG to meet our financial obligations, while we work toward putting our company on firm financial footing and implementing our strategy for growth.”

In connection with funding of the loan, ASG will appoint a new Board of Directors, including two independent board members. The company will also undertake a review of its current operations, with an aim to enhance the firm’s competitiveness and improve the workplace environment. The company will continue to be led by its current management team, including Arthur L. Allen, who will continue as Chairman and CEO.

Funding under the loan is subject to certain conditions and the parties intend to work toward their satisfaction and toward closing the financing in the near future.

About ASG

A recognized innovator in enterprise IT and business software solutions, ASG Software Solutions has been optimizing 85 percent of the world’s most complex IT organizations for over 25 years. We create and deploy unique software solutions that reduce cost, mitigate risk and improve service delivery throughout the IT lifecycle. ASG’s comprehensive solutions help you solve today’s challenges, such as cloud computing and big data, while driving your business forward by providing insight and control across cloud, distributed and mainframe environments. For more information about ASG, visit www.asg.com.

About TPG Opportunities Partners

TPG Opportunities Partners is the dedicated credit platform of TPG, a leading global private investment firm founded in 1992 with $51.5 billion of assets under management and offices in San Francisco, Fort Worth, Austin, New York, Sao Paulo, Hong Kong, London, Paris, Luxembourg, Melbourne, Moscow, Mumbai, Shanghai, Chongqing, Beijing, Singapore and Tokyo. For more information visit www.tpg.com.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
Cloud services provider SherWeb on Tuesday announced that it has acquired ORCS Web Inc., a Windows-based managed hosting provider headquartered in Charlotte, North Carolina. OrcsWeb will continue to operate as a wholly owned SherWeb subsidiary. Other terms of the agreement have n...
Ericsson on Tuesday announced it has entered into an agreement to acquire US-based MetraTech Corp., a provider of metadata-based billing, commerce and settlement solutions uniquely adaptable to multiple business models and industries. The acquisition includes all 140 employees a...
After a couple of false starts, cloud-based desktop solutions are picking up steam, driven by trends such as BYOD and pervasive high-speed connectivity. In his session at 15th Cloud Expo, Seth Bostock, CEO of IndependenceIT, cuts through the hype and the acronyms, and discusses...
Vormetric on Tuesday announced that Rackspace Hosting has joined the Cloud Partner program, and will be offering encryption and key management services to customers via Vormetric's Transparent Encryption solution. Vormetric's Transparent Encryption combines the performance, flexi...
This independent report from Info-Tech evaluates and scores 14 companies in the Virtual Machine Backup market. It can help you understand what's new in the virtual backup market, evaluate virtual backup vendors and products for your needs and determine which products are most app...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE

Breaking Cloud Computing News

The worldwide smartphone market grew 23.1% year over year in the second quarter of ...