Annasoft Systems and Intrinsyc Software to Merge; Creating a Single-Source Solution for OEMs Who Want to Get Windows CE Products to Market in Record Time.CHICAGO--(BUSINESS WIRE)--March 31, 1998--Annasoft Systems of San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. , Calif. and Intrinsyc Software, Inc., a publicly held Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography company (VSE See DOS/VSE. VSE - Virtual Storage Extended :ICS (1) (Internet Connection Sharing) A Windows feature that enables two or more computers to share one Internet connection. First introduced in Windows 98 Second Edition, sharing is accomplished with network address translation (NAT), which is the common method. , NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ISYRF), have signed a letter of intent to merge. The combined companies will be headquartered in San Diego and will provide everything embedded system Any electronic system that uses a CPU chip, but that is not a general-purpose workstation, desktop or laptop computer. Such systems generally use microprocessors, or they may use custom-designed chips or both. developers need to get their Windows(R) CE product, or other Microsoft(R) operating system operating system (OS) Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs. product, to market in the shortest possible time. Richard C. Eppel, president of Annasoft Systems, said, "When you combine Annasoft Systems' wide range of products and services for Microsoft-based embedded systems Embedded systems Computer systems that cannot be programmed by the user because they are preprogrammed for a specific task and are buried within the equipment they serve. with Intrinsyc's development tools and application components, you have a company that offers, by far, the broadest range of solutions and capabilities to OEMs. Having all these resources of technology and development available from one integrated source is of enormous benefit to companies developing new embedded systems. We can help them reduce their time to market significantly, thus increasing their chances of capturing profitable new market segments before their competitors." Derek W. Spratt, 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. of Intrinsyc, stated, "Our companies both shared a strategic focus on Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0. and it was a classic case of complementary fit. Annasoft has the best distribution, sales and systems integration reputation in the industry, while we have industry-leading products and technologies. Moreover, the companies have worked together for some time as partners in the embedded software Instructions that permanently reside in a ROM or flash memory chip. Embedded software may be immediately available to the CPU or, for faster execution, may be transferred to RAM first and then executed. market with synergies and corporate cultures that have proven to work exceptionally well together." John P. Choisser, president and founder of Annabooks, said, "This merger will add to the relationship that currently exists between Annabooks, Annabooks Conferences, Annabooks University, and Annasoft. The combined entities will enhance our mission of reducing the development time of our customers by helping them find the technical solutions they need." Annasoft Systems is the leading licensing source of Microsoft operating systems The following is a list of Microsoft operating systems. For the codenames that Microsoft gave their operating systems, see Microsoft codenames. Before Windows
in full Microsoft Disk Operating System Operating system for personal computers. MS-DOS was based on DOS, developed in 1980 by Seattle Computer Products. Microsoft Corp. bought the rights to DOS in 1981, and released MS-DOS with IBM's PC that year. (R), Windows 3.1, Windows for Workgroups A version of Windows 3.1 introduced in 1992 that added peer-to-peer networking. See Windows. (operating system) Windows for Workgroups - (WFW, WFWG) A version of Windows 3.1 which works with a network. Although stand-alone 3. , Windows 95, Windows NT(R), and Windows CE. The company also provides OEMs with design, development, and integration services, covering concept design to product manufacturing. These services include hardware design and packaging, OAL OAL Office of Administrative Law OAL Overall Length (see LOA) OAL Open Audio License (EFF) OAL Observatório Astronómico de Lisboa (Portugese: Lisbon Astronomical Observatory) adaptations, driver development, application support, prototyping, and pilot manufacturing, as well as education, training and technical support. In addition to developing and marketing its own embedded Windows software products, Annasoft distributes a variety of third-party products. Annabooks, a sister company, publishes a line of technical books and materials on embedded software and hardware technologies, provides workshops on advanced PC technologies, and produces the PC Developers Conferences and Expos in San Jose, Calif.; Paris; Taipei. Intrinsyc Software designs, develops, markets, and supports software tools and components for the development of Microsoft Windows-based embedded systems. These include related embedded extensions to Microsoft development tool suites, operating system extensions, run-time libraries, and application components. Intrinsyc's solutions are used by OEMs in the development and deployment of a wide range of consumer and commercial electronics products in the embedded market. Eppel, who will become president and CEO of the combined companies, has extensive experience in the OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and marketplace. He has served in executive management positions in the computer industry for the past 35 years with companies such as Control Data Corp., National Semiconductor, and San Diego's I-Bus. As president of I-Bus, he was instrumental in increasing the company's revenues by 400%. For the past 16 months, Eppel has headed Annasoft Systems, transforming the company, which pioneered licensing of Microsoft operating systems in the embedded world, into a leading supplier of CE-based solutions. Spratt will take over the position of executive vice president of Business Development. He will focus on building capability and growth through acquisition. Spratt has a broad range of public company and technical leadership talents and experience that are well suited to the business opportunities at hand. A definitive agreement is currently being negotiated and is expected to be completed with the next few weeks. The final agreement will be subject to shareholder and regulatory approval. Background -- Annasoft Systems Annasoft Systems(TM) was founded in 1988 by John P. Choisser of Annabooks(TM) technical publishing fame, to enable and expand the embedded marketplace. Annasoft Systems provides all the system software components needed to build a Microsoft(R)-compatible embedded platform, together with the porting and integration services needed to customize that platform for a particular embedded environment. In the process of fulfilling its mission of guiding customers safely to market in record time, Annasoft Systems has become the world's largest provider of Microsoft operating systems, including DOS, Windows(R)3.1, Windows for Workgroups, Windows 95, Windows NT, and Windows CE. Annasoft offers design and integration services covering everything from concept design to product manufacturing. This includes hardware design and packaging, OAL adaptations, driver development, application support, prototyping, and pilot manufacturing, as well as education, training and support. Annasoft also develops and markets its own embedded Windows software products, including its Windows CE Jump Start(TM) technology. Annasoft (through its sister company, Annabooks) is the leading publisher and distributor of technical books and reference materials that address all facets of Microsoft-compatible embedded hardware and software design. Annabooks Conferences and Annabooks University sponsor technical conferences, workshops, and training programs featuring the top industry technologists. These offerings allow engineering managers and designers to keep up-to-date on the latest embedded and PC technologies. In 1997 Annasoft Systems established the Embedded Initiative, an industry organization that provides Windows-certified technologies and support for Windows CE. Annasoft Systems has longstanding and enduring strategic relationships with the major semiconductor suppliers supporting Windows CE, including AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. , Hitachi, Intel, Motorola, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. and Philips. Annasoft Systems (www.annasoft.com) corporate headquarters is located at: 11838 Bernardo Plaza Court, San Diego, Calif. 92128. Phone: 619/674-6155, 800/690-3870. Fax: 619/673-1432. Email: info@annasoft.com. Background -- Intrinsyc Software, Inc. Intrinsyc Software, Inc. which is headquartered in Vancouver, British Columbia, Canada, has regional offices in Kirkland, Wash. and Kettering, U.K. The company designs, develops, markets and supports software tools and components for the development of Microsoft(R) Win32(R)-based embedded systems. These tools and components enable customers to rapidly develop software applications for a wide range of consumer and commercial electronics products that span multiple industries. Product development for the company's software tools and component libraries is carried out in Vancouver by a team of systems engineers, software architects, software developers, and quality assurance specialists. Intel(R) recently selected Intrinsyc Software's Integration Expert development tools for shipment in Intel's new Pentium(R)-embedded Processor Module Development Kit. Microsoft has also publicly recognized Intrinsyc Software's growing expertise in the embedded Windows market and has invited the company to participate in joint business development programs. Intrinsyc Software raised $500,000 in seed capital followed by $600,000 in an initial public offering on the Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). in April of 1996 (under the name ITC ITC (Brit) n abbr (= Independent Television Commission) → Fernseh-Aufsichtsgremium ITC n abbr (BRIT) (= Independent Television Commission) → Microcomponents.) Private placements of $500,000 in September 1996, $1,365,300 in February 1997, and $700,000 in September 1997 were consistently well-received as the business has continued to grow. CONTACT: Annasoft Systems Richard Eppel, 619/674-6155 ext. 36 or Patrick Murphy Advertising Patrick Murphy, 619/485-1400 |
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