ARI Divests Non-Strategic Business; Acquiring Company is Recognized Leader in Dealer Business Management Systems.MILWAUKEE--(BUSINESS WIRE)--Feb. 12, 1999--ARI Network Services, Inc. (NASDAQ/NMS:ARIS ARIS American Religious Identification Survey ARIS Architecture of Integrated Information Systems ARIS Active Rack Isolation System ARIS Aggregate Route-based IP Switching ARIS Agentia Romana pentru Investitii Straine ), a leading provider of Internet-enabled electronic commerce services for distribution channels, announced the sale of its dealer business management system product to MIC Systems and Software, Inc. of Huntington Beach, California Huntington Beach is a seaside city in Orange County in southern California. As of the 2000 census, the city population was 189,594. It is bordered by the Pacific Ocean on the west, by Seal Beach on the north, by Costa Mesa on the south, by Westminster on the northeast, and by . The line of business being sold was acquired by ARI ARI Acute respiratory infection, see there as part of its September 1998 acquisition of the POWERCOM-2000, Inc. division of Briggs & Stratton Corporation. At the time of the POWERCOM acquisition, ARI indicated its intent to sell the product since dealer business management systems are not part of ARI's strategic business direction. ARI's focus is on the software and systems that enable electronic commerce between manufacturers and their distributors and dealers. Dealer business management systems, like the one being acquired by MIC, handle inventory management, invoicing in·voice n. 1. A detailed list of goods shipped or services rendered, with an account of all costs; an itemized bill. 2. The goods or services itemized in an invoice. tr.v. and accounting functions for dealers. The customer base for the business being sold is in the outdoor power and power sports industries. Proceeds from the sale will be shared by ARI and Briggs & Stratton, parent company of POWERCOM-2000 prior to ARI's acquisition of the firm, based on the original sale agreement between ARI and Briggs & Stratton. The terms of the transaction were not disclosed. "We're extremely pleased to sell this part of the business to MIC, a recognized leader in dealer business management systems in several of our targeted industries," said Brian E. Dearing, chairman and chief executive officer of ARI. "MIC has a solid reputation for customer satisfaction and support, and as a result we feel confident that dealers who had purchased the business system will be in good hands. ARI will continue supporting those customers who use the EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. portion of the system. "We have become familiar with MIC through our COMPASS compass. 1 In mathematics, an instrument for making circles and measuring distances. Frequently called a pair of compasses, it consists of two metal legs with one end of each attached to a pivot to form a V-shaped device. Partner vendor alliance program. They are a quality company with a large base of installed dealers in several industries, including motorcycles, marine, power sports, outdoor power and auto. Furthermore, MIC has been through the acquisition process before. Their success in retaining as MIC customers virtually all of the dealers they inherited inherited received by inheritance. inherited achondroplastic dwarfism see achondroplastic dwarfism. inherited combined immunodeficiency see combined immune deficiency syndrome (disease). as part of their 1996 acquisition of Brainstorm Software Engineering was particularly impressive," concluded Dearing. "MIC will market ARI's business management system along with our existing business management systems, Commander(tm) and Brainstorm(tm)" said Rick Haasch, president of MIC. "We're excited to add this system to our product offering and we are looking forward to supporting the dealers who have installed the system." Dearing indicated that MIC met or exceeded all of ARI's criteria as it sought a buyer for the system. "We worked to make sure that the company acquiring the system holds similar values to ours," said Dearing. "We wanted a purchaser that has a commitment to support its customers, one that will insure that the product will continue to interface with ARI's dealer communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems , and a company that is open to enhancing the software." ARI Network Services, Inc. provides Internet-enabled e-commerce services for manufacturers and their distribution channels. ARI currently serves several sectors of the manufactured equipment, including recreational vehicles, outdoor power, construction, marine, motorcycles and power sports. ARI also serves the agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. , freight transportation and newspaper publishing industries. The Company's communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. provide an electronic pathway pathway /path·way/ (path´wa) 1. a course usually followed. 2. the nerve structures through which an impulse passes between groups of nerve cells or between the central nervous system and an organ or muscle. for product ordering, warranty registrations, sales reports and other transactions between manufacturers and their networks of sales and service points. The Company's software and services also enable manufacturers to provide electronic catalogs to those same sales and service points. ARI also builds and manages industry-common directories of products, companies and locations. MIC Systems, with offices in Huntington Beach, California and Lakewood, Colorado The City of Lakewood is a home rule municipality located in Jefferson County, Colorado, United States. Lakewood is the fourth most populous city in the State of Colorado and the 164th most populous city in the United States. , has been a leading supplier of business management systems to its target markets for the past 22 years. The acquisition of the POWERCOM-2000 business management system fits perfectly into MIC's core market. MIC has historically been a software developer of business management systems. In recent years they have evolved into a full-service supplier of personal computers, computer peripherals, networks and turn-key solutions to their customers. |
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