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"It was a splendid population - for all the slow, sleepy, sluggish-brained sloths stayed at home - you never find that sort of people among pioneers - you cannot build pioneers out of that sort of material. It was that population that gave to California a name for getting up astounding enterprises and rushing them through with a magnificent dash and daring and a recklessness of cost or consequences, which she bears unto this day - and when she projects a new surprise the grave world smiles as usual and says, "Well, that is California all over."

- - - - Mark Twain (Roughing It)

Thursday, June 27, 2013

Another Calif. Company Goes to Texas

Goodbye California  -  Hello Texas

Daegis Inc., the Roseville-based electronic discovery and information-management firm, said in its quarterly financial report that it will relocate its headquarters to Dallas, Texas.

Tim Bacci, CEO of Daegis, said in the report: "As we evaluate the business and optimize our cost structure to accelerate on strategies where we see the most opportunity, we have decided to open an office in Dallas, Texas, and relocate the company's headquarters there.

"Texas is a strong territory for our businesses, and we view this move as an opportunity to increase the company's operational efficiencies and access an additional talent pool, as needed."

The company, long known as Unify Corp., renamed itself Daegis in July 2011, one year after it spent $38 million to buy San Francisco software maker Daegis reports the Sacramento Bee.

In January this year, Daegis announced that Todd Wille would step down as company president, CEO and board member "to pursue new leadership opportunities."

Today, the company said it amassed a profit of $188,000, a penny a share, for its fourth quarter ended April 30.

Read more here: http://www.sacbee.com/2013/06/25/5523631/rosevilles-daegis-says-its-moving.html#mi_rss=Business#storylink=cpy

That was a sharp turnaround from a loss of $15.7 million, $1.08 a share, in the year-ago period.
For its full year, the company reported net income of $532,000, a penny a share, compared with a loss of $16.7 million, $1.16 a share, the prior year.

Annual revenue in the most recent year totaled $40.2 million, down 7.5 percent from the previous year.

Electronic discovery generally refers to discovery in civil litigation in connection with exchanging information in an electronic format.

Read more here: http://www.sacbee.com/2013/06/25/5523631/rosevilles-daegis-says-its-moving.html#mi_rss=Business#storylink=cpy

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