45:
brothers, while it marketed the software developed within Baan
Company. The sale of shares of Baan Company enabled the financing of BBS. The Baan brothers, thus, let their ownership interest in Baan Company, held through Stichting Oikonomos (Oikonomos Foundation), slip to 47% in mid 1996, but kept their interest in marketing-arm BBS at 100%.
44:
Paul Baan resigned as an executive director of Baan
Company in December 1995 in order to build up Baan Business Systems (BBS), which had been separated from Baan Company a few months before the latter started trading as a public company. BBS remained a private company, owned exclusively by the Baan
48:
The Baan brothers focussed on the development and sale of software, which lent itself to nearly costless duplication onto computer diskettes, leaving advisory and support at client sites, i.e. the actual implementation, to third parties, such as
35:
Baan
Company was listed at the Amsterdam Stock Exchange in mid 1995. Through mid 1998 the share price increased at an average of 110% per annum, thus multiplying by a staggering nine times. In the following two years, however, the stock crashed.
61:
In 2000, Oikonomos
Foundation, which remained in the hands of the elder brother, saw the younger brother's business interests spun off as Noaber Foundation. Noaber Foundation manages exclusively Paul Baan's wealth.
144:
53:. Paul Baan was, therefore, often heard saying in these years: “Software is allemaal winst!” (Software is all profit!)
124:
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138:
50:
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82:, Uitg. Business Contact/ Het Financieele Dagblad: Amsterdam, p. 170.
27:, which made a name for itself between 1995 and 2000.
80:Baan: Opkomst en ondergang van een softwarebedrijf
122:Anon., Vier Barneveldse miljonairs in Quote 500,
19:(born 1951), together with his older brother
8:
109:Robert Kosters, De teloorgang van Jan Baan,
23:, headed the information technology firm
71:
7:
91:Houben and Wester (2001), pp. 56-9.
14:
145:20th-century Dutch businesspeople
100:Houben and Wester (2001), p. 51.
78:M. Houben and J. Wester (2001),
1:
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40:Baan Business Systems
128:, 6 November 2015.
125:Barneveldse Krant
113:, 13 August 2013.
57:Noaber Foundation
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111:Follow the Money
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31:Baan Company
25:Baan Company
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66:References
51:Capgemini
17:Paul Baan
139:Category
21:Jan Baan
141::
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