On January 6, in an effort to expand its customer base and reseller partner channel Great Plains, a provider of financial management software for midsize businesses, announced it plans to acquire RealWorld Corp., a developer of accounting and business solutions. In a separate move, Great Plains also unveiled plans to acquire Fixed Asset Management LLC, a wholly owned subsidiary of The Forestar Group to gain the rights to Forestar's Fixed Asset Management product, which allows a company to record, track, depreciate, and analyze its fixed assets.
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terms of yesterday''s deal, it will issue 104,000 shares of stock and an additional $900,000 in cash. Great Plains CFO Tami Reller said buying the company would give the vendor greater control of the future of the product. These deals continue a buying spree for Great Plains, bringing the company''s total number of acquisitions to four in its 2000 fiscal year, which started June 1, 1999. In addition, Great Plains acquired three companies in the previous fiscal year. Market Impact Great Plains is taking