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PerkinElmer Boosts Software Offerings In 2 Deals Valued At $220 Million

DOW JONES NEWSWIRES PerkinElmer Inc. (PKI) signed a definitive agreement to acquire software and database company CambridgeSoft Corp. and completed its purchase of software firm ArtusLabs Inc., deals together valued at $220 million. The acquisitions carry an added contingent payment of up to $15 million. The deals are expected to boost PerkinElmer's adjusted earnings for the rest of the year by about 4 cents a share. PerkinElmer, which sells analytical products and services to the health-care and industrial sectors, has seen strong revenue growth lately, helped by its environmental health division. Revenue also has increased in its human-health division. Last month, it reported its fourth-quarter earnings soared as it booked a $315.3 million gain on the disposition of discontinued operations. For 2011, CambridgeSoft and ArtusLabs together expect revenue of about $65 million. The deal for CambridgeSoft is expected to close in the second quarter. CambridgeSoft offers desktop software and scientific databases, among other things, to the pharmaceutical, biotechnology and chemical industries, while ArtusLabs' flagship product, Ensemble, blends social networking and data mining. PerkinElmer shares recently rose 0.7% to $26 premarket. The stock is up 7.7% in the past 52 weeks. -By Lauren Pollock, Dow Jones Newswires; 212-416-2356;

Stock News for Perkin Elmer (PKI)
02/05/201616:06:49Initial Statement of Beneficial Ownership (3)
02/04/201616:35:21Current Report Filing (8-k)
02/04/201616:15:00PerkinElmer Announces Financial Results for Fourth Quarter and...
01/28/201617:33:00PerkinElmer Board Declares Quarterly Dividend
01/08/201616:05:00PerkinElmer to Hold Earnings Call on Thursday, February 4, 2016
12/15/201516:05:00PerkinElmer to Present at J.P. Morgan 34th Annual Healthcare...
12/04/201516:07:51Statement of Changes in Beneficial Ownership (4)
12/03/201516:07:15Statement of Changes in Beneficial Ownership (4)
11/12/201506:12:33Statement of Changes in Beneficial Ownership (4)
11/10/201511:17:51Quarterly Report (10-q)
11/05/201516:46:52Current Report Filing (8-k)
11/05/201516:05:00PerkinElmer Announces Financial Results for the Third Quarter...
11/04/201516:09:05Statement of Changes in Beneficial Ownership (4)
11/02/201516:05:00PerkinElmer to Present at Stifel Healthcare Conference
10/29/201516:05:00PerkinElmer Board Declares Quarterly Dividend
10/26/201516:06:25Statement of Changes in Beneficial Ownership (4)
10/02/201516:05:00PerkinElmer to Hold Earnings Call on Thursday, November 5, 2015
09/15/201516:06:50Statement of Changes in Beneficial Ownership (4)
09/04/201516:06:47Statement of Changes in Beneficial Ownership (4)
09/01/201516:05:00PerkinElmer to Present at Morgan Stanley Global Healthcare Conference

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