Ann: Scheme of arrangement - Reasons for Judgment, page-5

I find it baffling that there are still big instos in after the Logo d.o.o debacle. I mean, we can debate whether DB+ and SchedulingPro should be folded into organic growth, but that's at least a debate. These companies are in a similar product line (and, reading between the lines, seem to be most of the reasonable growth).

Logo is a flat-out random purchase of revenue in largely unrelated areas and what appears to be an abysmally timed one (so GSW has burned through much of their remaining cash by buying a company that is losing tons of money). I doubt that this was intentional (I'm sure that GSW has just as surprised as outsiders that Logo lost them so much money) but there it is. The arguments that Logo is somehow going to be synergistic are just embarrassing ("Suppose a customer needs someone to build them a private cloud to run GSWs software, who better than a random Serbian company"). I'm not surprised that people on HC say stuff like this, but it's hard to fathom the mental processes at an insto that could make them happy about Logo.