Longsuffering Invensys this week unveiled plans to offload more than half of its remaining business units, including its Baan software division.The London-based conglomerate, which provides software and systems for controls and automation equipment, says it\u2019s shedding the holdings in its core energy-management division to reduce debt. As a result, Baan \u2013 which offers enterprise resource planning (ERP), supply chain management, customer relationship management and production lifecycle management products \u2013 will be changing hands for the second time in three years.Once considered a competitor to ERP giants SAP, PeopleSoft and Oracle, Baan lost its momentum in 1999 amid declining revenue and management turnover and was facing possible bankruptcy before Invensys acquired it in May 2000.Baan spent its time under Invensys focused on developing products that would be most valuable to manufacturers, said Kelly Spang Ferguson, principal analyst at Current Analysis, in a research brief. Baan\u2019s new Web services platform \u2013 code-named Gemini \u2013 is nearly complete, and Baan will be ready to roll out its next ERP application later this year, Ferguson said.While it\u2019s too early to tell what the latest news means for Baan and its installed base of 6,500 customers, since Baan\u2019s purchaser is unknown, \u201cit may be good for Baan to move out from the shadow of Invensys and the weight of Invensys\u2019s crumbling financial picture,\u201d Ferguson wrote in a brief.AMR Research expects Baan\u2019s fate to be decided quickly. \u201cBaan will have a new home by summer, we are certain. In the meantime, users should continue with their plans,\u201d wrote AMR Research analysts John Bermudez and Randy Weston in a brief. \u201cBaan is a solid product and a valuable property; no matter who gets it, it will still be taken seriously and not bled dry of declining maintenance revenue until it can be shut down.\u201dLikely Baan suitors include SSA Technologies, PeopleSoft or a venture-funded group taking Baan private, according to Bermudez and Weston.In addition to Baan, several other holdings in Invensys\u2019s energy-management division are on the block. They include Appliance Controls, APV Baker, Climate Controls, Hansen Transmissions, Lambda, Metering Systems, Powerware and Teccor. Combined these units posted revenue of $4.55 billion for the 12 months ended in March 2002.Invensys will retain its production management and rail systems businesses. The company\u2019s production management offerings are aimed at helping customers in the process, hybrid and discrete manufacturing industries improve the performance of their production assets and supply chain processes. The rail systems business provides signaling, train management, automation, safety and control products for mass transit infrastructure.