
Chapter 7 of 7 in the DesignWare history thread.
In late 1984, MSA announced it would divest or shut down Peachtree Software, as well as DesignWare, Eduware and Blue Chip Software. The announcement was made 38 days after the acquisition of DesignWare. Our consumer advertising said “One Tough Speller.” Well we were one tough something-or-other to survive all of this.
In that initial acquisition by MSA, our investors came out OK. I think one investor lost a small amount, and most of them did as well in this investment as they would have in the stock market at that time. Pat McGovern, Chairman of IDG Group, had invested in DesignWare early that year in a last round, and several times after all this transpired, he reminded me that we had done a good job preserving not only their investment, but that of the others. I was relieved, more than happy. In those days it was said that maybe 1 in 10 venture investments might come out very well, with the majority of them fading to zero, and the others just kind of piddling along. [Read more…]
Chapter 6 of 7 in the DesignWare history thread.
Chapter 4 of 7 in the DesignWare history thread.
Chapter 3 of 7 in the DesignWare history thread.