20-20 Technologies eyes acquisition of MBI Software.LAVAL, QUE -- 20-20 Technologies Inc., a manufacturer of 3-D interior design and sales software, announced it has entered into negotiations with MBI MBI Management Buy-In MBI Moody Bible Institute MBI Mathematical Biosciences Institute MBI Modular Building Institute MBI Mechanical Breakdown Insurance MBI Molecular Biology Institute MBI Maslach Burnout Inventory (psychometrics) Software Co. GmbH of Germany for acquisition of most of MBI's assets. The transaction is subject to several conditions, including German regulatory approvals and satisfactory due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on the part of 20-20. MBI is a provider of ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. software. The restructuring plan calls for MBI to retain approximately 60 employees in Germany, eight in Austria and seven in Canada. Jean Mignault, 20-20's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "We believe that the acquisition of MBI represents a 'once in a corporate lifetime' opportunity to strongly establish ourselves in Germany. Furthermore, keeping in line with our end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. offering and by closely integrating MBI's ERP system with 20-20's dealer solutions, we believe we can generate significant interest from MBI's current customers and accelerate our penetration of the Eastern European market, while strengthening our position in Northern and Central Europe." |
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