Day Software Announces Sale of MarketingNet Ltd

Jan 06, 2009


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Day Software, a provider of global content management software, announced the completion of the sale of MarketingNet Ltd, a UK company active in the agency services business, to WAA Ltd, also a UK company. This sale marks the completion of Day’s efforts to refocus its UK operations on its core business and drive UK expansion through a channel-driven model. Day Software acquired MarketingNet Ltd in October 2000. All existing customers of MarketingNet Ltd will stay with MarketingNet Ltd, which will be owned by WAA Ltd. As a result of the sale completion, Day are anticipating non-cash charges in its December 31st, 2008 results relating to Goodwill as well as cash charges relating to discontinuing operations such as leases, staff costs, and legal costs.

(www.day.com)