Persistence and Innovation
BEFORE THE SPIN
The acquisition of Persistence Software last week by Progress Software Corp. (PSC) is a sign of the times (see related story, this issue), and perhaps a bellwether of the attitude that securities firms harbor toward IT innovation.
To cut to a flashback, I remember one battle in particular that involved Persistence and its fearless CEO, Chris Keene. In 1998, I was putting the finishing touches on a story about a major project at a prominent Wall Street firm, only to learn that some IT officials
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