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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; lauren.pollock@dowjones.com

Stock News for Perkin Elmer (PKI)
DateTimeHeadline
04/27/201616:15:00PerkinElmer to Present at Bank of America Merrill Lynch 2016...
04/27/201616:10:13Current Report Filing (8-k)
04/27/201616:07:06Statement of Changes in Beneficial Ownership (4)
04/25/201616:15:00PerkinElmer Board Declares Quarterly Dividend
04/25/201607:27:00PerkinElmer Sells NTD Laboratory Services Business to Eurofins...
04/19/201616:06:37Statement of Changes in Beneficial Ownership (4)
04/19/201615:10:00Illumina Shares Take Hit on Weakness in Europ
04/08/201616:15:00PerkinElmer to Hold Earnings Call on Thursday, May 5, 2016
04/03/201616:58:00Online Thieves Target Employee Tax Information
03/23/201616:48:45Statement of Changes in Beneficial Ownership (4)
03/23/201616:42:42Statement of Changes in Beneficial Ownership (4)
03/18/201616:08:52Automatic Shelf Registration Statement of Securities of Well-known...
03/09/201608:06:48Additional Proxy Soliciting Materials (definitive) (defa14a)
03/09/201608:02:03Proxy Statement (definitive) (def 14a)
02/26/201617:23:55Statement of Changes in Beneficial Ownership (4)
02/22/201616:15:00PerkinElmer to Present at Cowen and Company 36th Annual Health...
02/16/201606:13:00Amended Statement of Ownership (sc 13g/a)
02/12/201617:33:00Amended Statement of Ownership (sc 13g/a)
02/12/201612:39:20Statement of Ownership (sc 13g)
02/10/201616:51:47Statement of Changes in Beneficial Ownership (4)

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