Accessible Software to be Acquired by IBM; All Cash Merger Announced.Business/Technology Editors FLORHAM PARK, N.J.--(BUSINESS WIRE)--Jan. 14, 2000 Accessible Software, Inc. (Pink Sheets: ASWE ASWE Admiralty Surface Weapons Establishment (British military research organisation) ASWE ASW Evaluator ) today announced an agreement for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation (NYSE NYSE See: New York Stock Exchange :IBM) to purchase all of Accessible Software's shares at $7.10 cash per share. Accessible Software's shareholders will receive consent solicitations Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with which describe the principal terms of the proposed merger. Following the acquisition, IBM's Tivoli Systems will control and manage Accessible Software. Accessible Software is the first company to offer an object-oriented approach to managing mainframe environments. "IBM is, hands-down, the global leader in providing customers mainframe technology solutions, and our merger demonstrates their confidence that we provide significant resource extensions for OS/390 users," said Accessible Software President Jim Tagliareni. "The world's largest businesses run on S/390 systems, and our purchase by IBM ensures customers that their mainframe environments will be managed with Tivoli's robust solutions. The sale to IBM benefits Accessible Software's shareholders with an all cash acquisition." About Accessible Software Accessible Software was founded in March 1995 to develop enterprise systems management solutions for some of the largest computing computing - computer enterprises in the world. The company is marketing its Access 1 (TM) product to Fortune 1000 companies from its offices in California, Florida and New Jersey. The Access 1 suite of object-oriented systems management applications are designed to help MIS (1) (Management Information System) An information system that integrates data from all the departments it serves and provides operations and management with the information they require. professionals manage large and diverse enterprise environments. Additional information about the company and Access 1 can be obtained from Accessible Software's web site at www.accessiblesoftware.com. |
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