Active Software to Acquire TransLink Software, Inc.Business/Technology Editors 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)--Feb. 28, 2000 Active Software Gains Fast Mainframe Connectivity, Enabling Rapid End-to-End Integration of Enterprise, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business and B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. Systems Active Software, Inc. (Nasdaq: ASWX), a leading provider of eBusiness infrastructure software products, today announced it has agreed to acquire TransLink Software, Inc., a leading provider of high performance mainframe integration solutions for eBusiness. TransLink will provide Active Software customers with extensive expertise and products for integrating vital data and business logic stored in mainframe systems. The combination of the TransLink acquisition and Active Software's ActiveWorks(TM) Business Exchange Server, also announced today, (see press release, "Active Software Introduces ActiveWorks Business Exchange Server to Enable Rapid Information Exchange Among B2B Trading Partners," issued February 28th, 2000), will enable Active Software's customers to rapidly automate end-to-end business processes inside their enterprise, with business-to-business (B2B) trading partners and with customers over the Internet. Active Software is acquiring TransLink for approximately $75 million in stock and cash, including stock issuable under options to be issued to TransLink employees by Active Software. "For eBusiness to become mainstream, Global 2000 companies need to integrate information stored in mainframe systems with B2B and B2C applications in real time," said Jim Green
Born in Alabama, Green moved to Canada to avoid being drafted for the Vietnam War. , chairman 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. , Active Software. "The acquisition of TransLink will further reinforce our leadership position in providing end-to-end integration solutions that support critical eBusiness initiatives such as the development of eCommerce systems, electronic catalogs and Web portals." With headquarters in Bellevue, Washington Bellevue is a rapidly growing city in King County, Washington, U.S., across Lake Washington from Seattle. Long known as a suburb or satellite city of Seattle,[1] it is now categorized as an edge city or a boomburb. , TransLink Software provides rapid mainframe integration solutions without requiring time consuming custom programming, re-engineering, or modification of mainframe applications. TransLink's mainframe integration solutions are currently in use at Alltel Corporation, BlueCross/Blue Shield of Montana, and Hibernia Bank. TransLink has strong alliances with key software and hardware organizations including ADI, Corillian, Free Range Media, 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) , Hewlett-Packard, and Polaris Communications. "It is estimated that more than 70 percent of corporate data is maintained on mainframe systems," said Joel Rosenberger, founder and vice president, R & D, TransLink Software. "Combining Active Software and TransLink provides rapid mainframe connectivity to a wide range of platforms, enabling organizations to truly leverage the mainframe environment in their overall eBusiness initiatives." Fast Integration of Mainframe Systems for eBusiness eBusiness is an essential requirement for success in today's fast-paced, global economy. Opportunities exist to expand markets, increase efficiency, and reduce costs, based on immediate access to information. To capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. these opportunities organizations are leveraging the predominance pre·dom·i·nance also pre·dom·i·nan·cy n. The state or quality of being predominant; preponderance. Noun 1. predominance - the state of being predominant over others predomination, prepotency of the mainframe and the power of integration technology to automate information exchange within the enterprise and over the Web to conduct business in real-time. TransLink's product, the TxAccess Server, provides rapid integration of mainframe systems with critical Web-based eBusiness, client/server, wireless/mobile palmtops, and desktop applications without adding or modifying software code. The TxAccess Server leverages patent-pending Direct Transaction Mapping (DTM DTM dermatophyte test medium. (TM)) technology to enable higher performance and greater scalability than traditional screen scraping Acquiring data displayed on screen by capturing the text manually with the copy command or via software. Web pages are constantly being screen scraped in order to save meaningful data for later use. technology in order to meet extensive enterprise availability and customer service demands. About TransLink Software, Inc. Founded in 1996, TransLink Software is a leading provider of high performance mainframe integration solutions for eBusiness. TransLink's solutions bridge Web-based environments with real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. , transactions, and applications to enable electronic commerce at all levels. TransLink's headquarters are in Bellevue, Washington. For more information, visit TransLink's Web site at www.txlink.com. About Active Software, Inc. Founded in 1995, Active Software, Inc. (Nasdaq: ASWX) is a leading provider of eBusiness infrastructure software products. Active Software's eBusiness platform, the ActiveWorks(TM) Integration System, automates end-to-end business processes both within the enterprise and with B2B trading partners and customers across the Internet. Active Software has more than 160 customers in industries such as telecommunications, 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, Calif. For more information, visit the company Web site at www.activesw.com. Except for the historical information contained herein, the matters discussed in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. Potential risks and uncertainties include, without limitation, Active Software's limited operating history; potential fluctuations in operating results; delays in development or shipment of the Company's products; the Company's substantial dependence on its ActiveWorks software products; the uncertain market acceptance of eBusiness integration software products; the Company's need to expand its sales and distribution channels; the Company's reliance on system integrators and other strategic relationships, as well as applications made by third parties; and the introduction of new products or services by major competitors. These and other risk factors are described in detail in the Company's prospectus dated August 12, 1999, in its Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999 and in its other filings with the Securities and Exchange Commission. 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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