Active Software Announces Partial Lock-Up Release.Business Editors/High-Tech Corridor SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif.--(BUSINESS WIRE)--Jan. 7, 2000 Active Software, Inc. (Nasdaq:ASWX), a leading provider of eBusiness integration software products, today announced that Goldman, Sachs & Co., one of the lead underwriters Lead underwriter The head of a syndicate of financial firms that are sponsoring an initial public offering of securities or a secondary offering of securities. Could also apply to bond issues. of Active Software's initial public offering, will release the underwriters' 180-day lock-up restriction on up to 2.6 million shares of Active Software Common Stock held by certain stockholders, beginning on Monday, Jan. 10, 2000. Fifty percent of the remaining shares held by stockholders participating in the lock-up release will continue to be subject to the existing lock-up restrictions, which expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on Feb. 9, 2000, while the remaining shares will be subject to an additional lock-up period expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on May 9, 2000. None of the company's employees are participating in the early lock-up release. About Active Software, Inc. Founded in 1995, Active Software, Inc, (Nasdaq:ASWX) is a leading provider of eBusiness integration software products that enable the integration of enterprise software applications within and across the extended enterprise. Active Software has more than 150 customers in industries such as telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. , financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, technology, utilities, distribution, manufacturing and transportation. Active Software's headquarters are in Santa Clara. For more information, visit the company Web site at www.activesw.com. Note to Editors: The Active Software logo, Active Software and ActiveWorks, are trademarks or registered trademarks of Active Software Inc. All other trademarks mentioned herein are the property of their respective owners. |
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