APEX Software Corporation and VideoSoft Merge To Form ComponentOne; Merger Creates Largest Component Vendor for the Microsoft Visual Studio Market.Business/High Tech Editors PITTSBURGH, Pa. and EMERYVILLE, Calif.--(BUSINESS WIRE)--June 27, 2000 APEX apex (a´peks) pl. apexes, a´pices [L.] tip; the pointed end of a conical part; the top of a body, organ, or part.ap´ical apex of lung the rounded upper extremity of either lung. Software Corporation and VideoSoft jointly announced today that they have signed a definitive merger agreement. This merger will position the new company as the largest developer and vendor of add-on tools for the Microsoft Visual Studio Microsoft Visual Studio is Microsoft's flagship software development product for computer programmers. It centers on an integrated development environment which lets programmers create standalone applications, web sites, web applications, and web services that run on any platforms market. Under the terms of the agreement, the combined company will be known as ComponentOne LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . APEX Software Corporation and VideoSoft have a history of leadership in the Visual Studio component industry. APEX's True DBGrid and VideoSoft's VSFlexGrid were licensed to Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, and are included in the current version of Microsoft's Visual Studio development system. Between them, APEX and VideoSoft have received numerous industry and user accolades for their component tools, including awards from Info World, PC Magazine, Programmer's Paradise, Software Development, VBxtras, and Visual Basic Programmer's Journal. Both companies are also members of the nonprofit organization Nonprofit Organization An association that is given tax-free status. Donations to a non-profit organization are often tax deductible as well. Notes: Examples of non-profit organizations are charities, hospitals and schools. , Component Vendor Consortium. "This is a positive step on three fronts," said Sunny Wong, Ph.D, APEX's chairman. "First, we will be able to serve our valued customers better by developing tools faster, bringing them to market sooner, and increasing the levels of service we offer. Second, the complementary nature of APEX's and VideoSoft's product lines will uniquely position ComponentOne for accelerated growth by maximizing our strengths in US and non-US markets. And third, the merger will offer our employees more resources and additional opportunities for rewarding careers with the industry leader." Gustavo Eydelsteyn, president and founder of VideoSoft, said, "When consolidation happens in an industry, it's a clear sign that the industry is maturing. That's exactly what we're seeing in the component development industry today. With this merger, Windows developers will continue to benefit from our existing comprehensive product offerings. In addition, with our stronger team and increased resources, ComponentOne will be in position to lead and assist the development community in the transition to the new Microsoft .Net See .NET. (DOT-NET) platform. We're excited to be setting out on this path." Details of the merger will be released in upcoming weeks. In the interim, customers and others may continue to contact APEX and VideoSoft directly for products and support. About APEX Software Corporation (www.apexsc.com) 800.858.APEX APEX Software Corporation develops Microsoft Windows-based tools that increase programmer (1) A hardware device used to customize a programmable logic chip such as a PAL, GAL, EPROM, etc. See PROM programmer. (2) A person who designs the logic for and writes the lines of codes of a computer program. productivity and end-user satisfaction at organizations around the world. Its suite of ten products ranges from True DBGrid Pro, the world's most popular grid control for Microsoft Visual Studio, to True Help, a Help authoring tool for Microsoft Word A full-featured word processing program for Windows and the Macintosh from Microsoft. Included in the Microsoft application suite, it is a sophisticated program with rudimentary desktop publishing capabilities that has become the most widely used word processing application on the market. . APEX products are available directly from APEX and through a worldwide network of resellers. About VideoSoft (www.videosoft.com) 888.ACTIVEX VideoSoft provides development tools that shorten the development process and increase programmer productivity, while enhancing the appearance and appeal of Windows applications A program that is written to run under Microsoft's Windows operating system. Such applications typically run under all 32-bit versions of Windows, but earlier applications might also run under the 16-bit versions (Windows 3.x) as well. See Windows. . VideoSoft's product lineup A criminal investigation technique in which the police arrange a number of individuals in a row before a witness to a crime and ask the witness to identify which, if any, of the individuals committed the crime. includes VS-OCX, VSFlexGrid Pro, VSVIEW, VSFORUM, VSREPORTS, VSDOCX, and VSSPELL. VideoSoft products are available directly from VideoSoft and through a worldwide network of resellers. All product and company names herein may be trademarks or registered trademarks of their respective owners. |
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