ADP Signs Global License With mdbs; Takes Equity Position in Developer of Complex Information Management Software.ROSELAND, N.J.--(BUSINESS WIRE)--March 27, 1998-- ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. purchases license rights for use of advanced mdbs technologies in its global organization. Move helps facilitate expansion of ADP applications and services. Automatic Data Processing Same as data processing. , Inc. (ADP), one of the largest independent computing services firms in the world, and Micro Data Base Systems, Inc. (mdbs), a leading developer of sophisticated database and expert systems software, have signed an agreement providing ADP with a multi-year global license for the use of mdbs technologies, including TITANIUM(R) and GURU(R). In addition, ADP will take a minority shareholder position in mdbs for an undisclosed sum. This expanded business relationship will make mdbs data management software available for use in various ADP product offerings that require high performance, mission-critical applications. The agreement extends the relationship between mdbs and ADP. ADP currently uses mdbs data management software in systems which process hundreds of millions of paychecks annually. "ADP's agreement with mdbs represents a key business link with an important technology partner," said Arthur F. Weinbach, President and 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. of ADP. "It will allow mdbs's unique database software the opportunity for greater participation in our global expansion." "ADP's investment is a valued endorsement by a long-term and highly respected client," commented John S. Leffler, Chairman and Executive Managing Director of mdbs. "The global economy is experiencing rapid growth in the use of complex information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. applications. This alliance provides ADP with access to powerful next generation data management technologies, which utilize business rules incorporating intuitive analysis found only in TITANIUM." mdbs Founded in 1978, mdbs, which has over a million end users, has quietly dedicated itself to addressing the issues facing developers of significantly complex information management applications. The foundation of its business is creating tools and services that meet the exacting requirements and extend the competitive advantage of this elite group of software developers. The result of this focus is a family of uniquely powerful technologies that continues to evolve to satisfy the demand for fast, reliable queries under demanding conditions. mdbs products substantially outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. other database technologies irrespective of irrespective of prep. Without consideration of; regardless of. irrespective of preposition despite the deployed application platform. mdbs offers highly efficient, fault-tolerant technologies free of the limitations imposed by typical relational, objected oriented, or object-relational databases A database that provides both relational and object database capabilities. See universal server. . Its products are complemented by extensive training programs, custom development, tailored services, and individually-crafted support plans. Visit the mdbs website at www.mdbs.com. ADP (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) With over $4 billion in annual revenues and more than 400,000 clients, is one of the largest independent computing services firms in the world. CONTACT: Dick Cundari Automatic Data Processing, Inc. 973-597-3009 or Ele Scott, mdbs, (800) 445-mdbs (765) 463-7200, ext. 685 email info@mdbs.com |
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