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Peregrine Systems
Peregrine Systems, Inc. was an enterprise software company, founded in 1981, that sold enterprise asset management, change management, and ITIL-based IT service management software. Following an accounting scandal and bankruptcy in 2003, Peregrine was acquired by Hewlett-Packard in 2005. Micro Focus which merged with the HP Software Division in 2017, now markets the Peregrine products as part of its IT Service Management solutions. History Peregrine Systems was founded in 1981 in Irvine, California. The founders and employees were Chris Cole, Gary Story, Ed Beck, Kevin Keyes and Richard Diederich. They started selling Peregrine Network Management System (PNMS) on a Series One computer while developing an MVS version. The MVS client/server solutions for PNMS became available in 1995. In 1989, John Moores, founder of BMC Software and owner of the San Diego Padres Major League Baseball team, became a member of the Peregrine Board of Directors. He served as Chairman from March 199 ...
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Peregrine Systems Logo
Peregrine, Latin ''Peregrinus'', is a name originally meaning "one from abroad", that is, a foreigner, traveller, or pilgrim. It may refer to: * Peregrine falcon, a bird of prey People Peregrine * Peregrine (martyr) (died 182 AD), Roman Catholic saint * Peregrine of Auxerre (martyr) (died c. 304 AD), Roman Catholic saint * Perry Anderson (born 1938), British intellectual and essayist * Peregrine Bertie (other), several people * Peregrine Cavendish, 12th Duke of Devonshire (born 1944), British peer * Peregrine Cust (other), several people * Peregrine Hoby (1602–1679), English Member of Parliament * Peregrine Honig (born 1976), American artist * Peregrine Hopson (1696–1759), British army officer * Peregrine Laziosi (1260–1345), Roman Catholic saint * Sir Peregrine Maitland (1777–1854), British soldier and colonial administrator * Peregrine Ó Duibhgeannáin (1600s), Irish historian * Peregrine Osborne (other), several people * Peregrine Pelham (die ...
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Venture Capital
Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth (in terms of number of employees, annual revenue, scale of operations, etc). Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the firms they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology. The typical venture capital investment occurs after an initial "seed funding" round. The first ro ...
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HP IT Management Software
HP IT Management Software is a family of Enterprise software products by Micro Focus as a result of the spin-merge of Hewlett Packard Enterprise's software assets with Micro Focus in 2017. The division was formerly owned by Hewlett Packard Enterprise, following the separation of Hewlett-Packard into HP Inc. and Hewlett Packard Enterprise in 2015. IT management software is a family of technology that helps companies manage their IT infrastructures, the people and the processes required to reap the greatest amount of responsiveness and effectiveness from today's multi-layered and highly complex data centers. Beginning in September 2005, HP purchased several software companies as part of a publicized, deliberate strategy to augment its catalog of IT management software offerings for large business customers. According to ZDNet and IDC, HP is the world's sixth largest software company. HP IT Management Software was the largest category of software sold by the HP Software Division. The ...
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Hewlett Packard
The Hewlett-Packard Company, commonly shortened to Hewlett-Packard ( ) or HP, was an American multinational information technology company headquartered in Palo Alto, California. HP developed and provided a wide variety of hardware components, as well as software and related services to consumers, small and medium-sized businesses ( SMBs), and large enterprises, including customers in the government, health, and education sectors. The company was founded in a one-car garage in Palo Alto by Bill Hewlett and David Packard in 1939, and initially produced a line of electronic test and measurement equipment. The HP Garage at 367 Addison Avenue is now designated an official California Historical Landmark, and is marked with a plaque calling it the "Birthplace of 'Silicon Valley'". The company won its first big contract in 1938 to provide test and measurement instruments for Walt Disney's production of the animated film ''Fantasia'', which allowed Hewlett and Packard to formally esta ...
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Remedy Corp
Remedy Corporation was a software company that produced the Action Request System and various applications therein. It is one of the biggest and oldest names in ITSM software. Remedy is now the Service Management Business Unit of BMC Software. History Remedy Corporation was founded in 1990 by Doug Mueller, Dave Mahler, and Larry Garlick, who was the CEO until 2001. The company went public in 1995 and in 1996 was named by ''Business Week'' as the "Number 1 Top Hot Growth Company in America." In 2001, competitor Peregrine Systems, purchased the company for $1.2 billion in cash and stock. On September 22, 2002, Peregrine and its wholly owned subsidiary, Peregrine Remedy, Inc., filed for voluntary protection under Chapter 11 of the United States Bankruptcy Code. Two months after accounting irregularities forced Peregrine Systems into bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or al ...
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Chapter 11, Title 11, United States Code
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. In contrast, Chapter 7 governs the process of a liquidation bankruptcy, though liquidation may also occur under Chapter 11; while Chapter 13 provides a reorganization process for the majority of private individuals. Chapter 11 overview When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court for protection under either Chapter 7 or Chapter 11. In Chapter 7, the business ceases operations, a trustee sells all of its assets, and then distributes the proceeds to its creditors. Any residual amount is returned to the ...
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Arthur Andersen
Arthur Andersen was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. By 2001, it had become one of the world's largest multinational corporations and was one of the "Big Five" accounting firms (along with Deloitte & Touche, Ernst & Young, KPMG and PricewaterhouseCoopers). The firm collapsed by mid-2002, as details of its questionable accounting practices for energy company Enron and telecommunications company Worldcom were revealed amid the two high-profile bankruptcies. The scandals were a factor in the enactment of the Sarbanes-Oxley Act of 2002. In 2002, just nine months after the scandal broke, the firm was found guilty of crimes in the auditing of Enron. By that time, Arthur Andersen had lost most of its business and two-thirds of its 28,000 employees, and was facing multi-million dollar lawsuits. On August 31, 2002, the company surrendered its licenses to practice as c ...
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Probation
Probation in criminal law is a period of supervision over an offender, ordered by the court often in lieu of incarceration. In some jurisdictions, the term ''probation'' applies only to community sentences (alternatives to incarceration), such as suspended sentences. In others, probation also includes supervision of those conditionally released from prison on parole. An offender on probation is ordered to follow certain conditions set forth by the court, often under the supervision of a probation officer. During the period of probation, an offender faces the threat of being incarcerated if found breaking the rules set by the court or probation officer. Offenders are ordinarily required to maintain law-abiding behavior, and may be ordered to refrain from possession of firearms, remain employed, participate in an educational program, abide a curfew, live at a directed place, obey the orders of the probation officer, or not leave the jurisdiction. The probationer might be ordere ...
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BearingPoint
BearingPoint (parent company: BearingPoint Europe Holdings B.V.) is an independent multinational management and technology consulting firm with 41 offices across 23 countries and around 4,300 employees. In 2021, the firm delivered 1,298 projects in 50 countries. Services BearingPoint operates in three business units: Consulting, Products, and Capital. Consulting The consulting unit covers the advisory business with a clear focus on selected business areas. It is divided into eight market segments: * Automotive, Industrial Equipment & Manufacturing * Banking & Capital Markets * Chemicals, Life Sciences & Resources * Consumer Goods & Retail * Insurance * Communications, Media & Entertainment * Government & Public Sector * Utilities, Postal & Transportation The consulting unit has a service portfolio consisting of five lines: * People & Strategy * Customer & Growth * Finance & Risk * Operations * Technology Products The products unit provides managed services for busines ...
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Federal Correctional Institution, Bastrop
The Federal Correctional Institution, Bastrop (FCI Bastrop) is an administrative-low-security United States federal prison for male inmates in Camp Swift, Texas. It is operated by the Federal Bureau of Prisons, a division of the United States Department of Justice. The facility also has an adjacent satellite prison camp that houses minimum-security offenders. FCI Bastrop is located north of the city of Bastrop, Texas, Bastrop and southeast of Austin, Texas, Austin. Notable incidents On November 20, 2009, inmates Leandro Luna, 52, and Adan Chavez, 53, escaped from FCI Bastrop. The two were able to simply walk away from the facility since they were being held at the minimum-security prison camp, which has no perimeter fence. Hector Gomez, a Deputy US Marshal assigned to the Lone Star Fugitive Task Force, a team of law enforcement agents consisting of local authorities, Texas Rangers and US Marshals, said the escape had probably been in the works "for a long time" and that the task ...
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Federal Medical Center, Devens
The Federal Medical Center, Devens (FMC Devens) is a United States federal prison in Massachusetts for male inmates requiring specialized or long-term medical or mental health care. It is designated as an administrative facility, which means it has inmates from different security classifications, from white-collar criminals to mobsters and sex offenders. It is operated by the Federal Bureau of Prisons, a division of the United States Department of Justice. FMC Devens also has a satellite camp housing minimum-security male inmates. FMC Devens is located in north-central Massachusetts, approximately 39 miles west of Boston, on the grounds of Fort Devens, which occupied the land before it was scaled back in size. Facility and services Upon entering FMC Devens, new inmates undergo a month-long admission and orientation program to meet prison staff, acquaint themselves with the facility, and learn the facility's rules and regulations. They are introduced to the prison's inmate count sy ...
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Remedy Corporation
Remedy Corporation was a software company that produced the Action Request System and various applications therein. It is one of the biggest and oldest names in ITSM software. Remedy is now the Service Management Business Unit of BMC Software. History Remedy Corporation was founded in 1990 by Doug Mueller, Dave Mahler, and Larry Garlick, who was the CEO until 2001. The company went public in 1995 and in 1996 was named by ''Business Week'' as the "Number 1 Top Hot Growth Company in America." In 2001, competitor Peregrine Systems, purchased the company for $1.2 billion in cash and stock. On September 22, 2002, Peregrine and its wholly owned subsidiary, Peregrine Remedy, Inc., filed for voluntary protection under Chapter 11 of the United States Bankruptcy Code. Two months after accounting irregularities forced Peregrine Systems into bankruptcy, it sold the Remedy business unit to BMC Software BMC Software, Inc. is an American multinational information technology (IT) servic ...
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