ASG Completes Acquisition of Landmark Systems Corporation.Business Editors & Technology Writers NAPLES, Fla. & RESTON, Va.--(BUSINESS WIRE)--Feb. 19, 2002 Deal Produces Only Software Provider To Offer Applications, Operations, Performance and Information Management Solutions ASG ASG Assign ASG Allen Systems Group (Naples, FL) ASG Abu Sayyaf Group (terrorist group) ASG Associated Student Government ASG Area Support Group ASG Adaptive Services Grid ASG Assistant Secretary General , a global enterprise software and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. provider to Global 5000 companies, today announced it has completed its acquisition of Landmark Systems Corporation (Nasdaq:LDMK). Pursuant to the merger of ASG's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. with and into Landmark, which was approved at a special meeting of Landmark's shareholders held on February 19, 2002, ASG has acquired all of the issued and outstanding shares of Landmark common stock for $4.75 per share. As a result of the transaction, ASG has acquired Landmark's customers and its product line of Performance Management tools, which will become part of ASG's robust collection of enterprise software solutions, currently including over 100 products in Applications, Operations and Information Management. Now that ASG has completed the acquisition, it will employ more than 1,000 people worldwide and have annual revenues of $200 million. In addition, the deal broadens ASG's client base to more than 7,000 customer sites and 18,000 software licenses In computing, software that is copyrighted and licensed under a software license is done under a variety of licensing schemes. For end-users there are proprietary licenses and there are free software licenses, and there are proprietary Within these schemes are further classifications. , presenting ASG with new cross-selling opportunities. ASG's 100+ software solutions fully integrate with one another, and now, strengthened by the new Performance Management discipline, ASG becomes a one stop, end-to-end enterprise software provider for its customers. "Landmark has a solid line of Performance Management products, and we're thrilled to welcome them under the ASG umbrella of solutions," said Art Allen, ASG's founder, 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. . "The addition makes ASG the only enterprise software provider that offers Applications, Operations, Information and, now, Performance Management solutions. As a private company, ASG can provide our customers unmatched reliability and flexibility, and we're excited to better serve enterprises with our all-inclusive, unrivaled product line." Landmark's suite of products, which will be marketed and distributed as ASG solutions, help organizations manage their information technology systems and solve real systems management problems. Landmark's signature product line, TMON TMON Telemetry Monitor (JPL) (TM), allows data managers to monitor and manage systems resources and processes. The solution pinpoints network problems so that enterprises can respond to them quickly and effectively. Used by more than 2,500 customers worldwide, TMON and Landmark's other products will round out ASG's Applications, Operations and Information Management solutions. "Folding our Performance Management products into ASG's cadre (company) CADRE - The US software engineering vendor which merged with Bachman Information Systems to form Cayenne Software in July 1996. of offerings makes sense for many reasons," said Kathy Clark, Landmark's co-founder and CEO. "Customers are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. fewer vendors with a wider breadth of solutions. More importantly, we know ASG is committed to continued research and development of our Performance Management solutions. Together, our two companies' products will produce some unique harmonies - all for the benefit of a combined customer base." Landmark is the latest in an historic string of acquisitions for ASG. The privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. has completed more than 30 acquisitions since its inception, which have dramatically enhanced ASG's distribution synergies and customer diversity with continued customer satisfaction as the hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. . About ASG ASG's business is to partner with clients to improve productivity and significantly enhance performance through the intelligent use of technology. Founded in 1986, ASG is a privately-held global enterprise software and professional services firm that provides a full range of software solutions in Applications, Operations, Performance and Information Management arenas - including business re-engineering, systems integration, and systems development. After the acquisition, ASG will have 1,000 employees, $200 million in revenues, 7,000 customer sites, and 18,000 software licenses worldwide. ASG is headquartered in Naples, Florida Naples is a city in Collier County, Florida, USA. As of 1 July 2006, the U.S. Census Bureau estimated the city's population at 21,804.[3] Naples is the County seat of Collier County, and is a Principal City of the Naples-Marco Island, Florida Metropolitan Statistical , USA, with 30 offices throughout the Americas, Europe, Middle East, Africa, and Asia. For more information, visit ASG at http://www.asg.com. |
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