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FOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE
Active Software to Acquire Premier Software Technologies
Acquisition Expected to Accelerate Time-to-Market for eCommerce Integration Projects
SANTA CLARA, Calif. February 24, 2000 — Active Software, Inc. (Nasdaq: ASWX), a leading provider of eBusiness integration software products, today announced it has agreed to acquire Premier Software Technologies, Inc., a leading provider of integration products and services for eCommerce. The acquisition of Premier is expected to provide Active Software with extensive expertise for integrating eCommerce, Web server and legacy systems with leading enterprise applications, enabling customers to deploy eCommerce integration solutions rapidly and realize significant time-to-market advantages. Active Software is acquiring Premier for approximately $11.5 million in stock and cash, including stock issuable under options to be issued to Premier employees by Active Software.
"This acquisition continues a strong working relationship between Active Software and Premier that has created a variety of commercial and customized solutions for customers engaged in eBusiness," said Jim Green. "Premier’s extensive eCommerce industry knowledge coupled with its integration products supports our objective to provide our customers with a fast path to eBusiness integration."
Active Software Gains Strong eCommerce Expertise
Cupertino, California-based Premier provides robust eCommerce integration solutions to customers worldwide. Premier’s current products include: The Web Adapter for integrating all popular Web servers typically used in eCommerce applications with other enterprise applications, and a C Language Adapter for HP 3000 MPE/iX which provides rapid integration of midrange legacy systems. Premier’s integration solutions are in use by more than a dozen institutions worldwide such as Agilent Technologies, Billing Concepts, Deutsche Telekom, GE Medical Systems, Hewlett Packard, Maxtor, Redback Networks, Southern New England Telephone, and Virginia Community College System. Premier’s Web Server and legacy integration products are available today and work seamlessly with the ActiveWorks Integration System.
"We have been working with Active Software for over two years to deliver eCommerce integration solutions that can serve diverse customer needs quickly and effectively, as evidenced in recent successes with Agilent Technologies, Hewlett Packard, Redback Networks and Virginia Community College System," said Jonathan van den Berg, CEO, Premier Software Technologies. "Combining Active Software and Premier enables us to accelerate our growth and creates an organization that can deliver rapid eCommerce integration solutions on every major platform for any size company."
About Premier Software Technologies, Inc.
Founded in 1995, Premier Software Technologies, Inc. combines products and services to help companies deliver rapid business solutions while leveraging existing IT assets in Web-based, eCommerce and n-tier applications. Premier’s integration solutions and client services are in use by more than a dozen institutions worldwide in eCommerce and legacy system integration projects. Premier’s headquarters are in Cupertino, California.
About Active Software, Inc.
Founded in 1995, Active Software, Inc, (Nasdaq: ASWX) is a leading provider of eBusiness integration software products that enable the integration of enterprise software applications within and across the extended enterprise. Active Software has more than 160 customers in industries such as telecommunications, financial services, government, technology, utilities, distribution, manufacturing and transportation. Active Software’s headquarters are in Santa Clara, California. For more information, visit the company Web site at www.activesw.com.
Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking
statements. Potential risks and uncertainties include, without limitation, Active Software’s limited operating history; potential fluctuations in operating results; delays in development or shipment of the Company’s products; the Company’s substantial dependence on its ActiveWorks software products; the uncertain market acceptance of eBusiness integration software products; the Company’s need to expand its sales and distribution channels; the Company’s reliance on system integrators and other strategic relationships, as well as applications made by third parties; and the introduction of new products or services by major competitors. These and other risk factors are described in detail in the Company's prospectus dated August 12, 1999, in its Form 10-Q for the quarter ended September 30, 1999 and in its other filings with the Securities and Exchange Commission.
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The Active Software logo, Active Software and ActiveWorks, are trademarks or registered trademarks of Active Software Inc. All other trademarks mentioned herein are the property of their respective owners.
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