Applied Cellular Technology reaches agreement to acquire Baler Software.SPRINGFIELD Springfield. 1 City (1990 pop. 105,227), state capital and seat of Sangamon co., central Ill., on the Sangamon River; settled 1818, inc. as a city 1840. , Mo.--(BUSINESS WIRE)--May 31, 1995--Applied Cellular Technology Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) Wednesday announced that it has reached an agreement with Baler Software Corp. to acquire all intellectual property licenses, customer lists and product components of this Rolling Meadows Rolling Meadows, city (1990 pop. 22,591), Cook co., NE Ill., a suburb of Chicago; inc. 1955. There is research and development and the manufacture of office supplies and electronic components. , Ill., software development company. Terms of the agreement were not disclosed, however, Applied Cellular's management indicated that they expect the transaction to be closed by the end of the month. Baylor Software products address spreadsheet spreadsheet Computer software that allows the user to enter columns and rows of numbers in a ledgerlike format. Any cell of the ledger may contain either data or a formula that describes the value that should be inserted therein based on the values in other cells. technology applications for programmers This is a list of programmers notable for their contributions to software, either as original author or architect, or for later additions. See also: Game programmer, List of computer scientists utilizing visual stand-alone Windows-generated development tools in finance, accounting, engineering, and many more applications. Products from this company have already generated in excess of $6 million in revenues. In addition, Baler Software products have received numerous accolades such as new product editor's choice from PC Magazine, and recommendations by PC Week and Info World computer magazines. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Richard J. Sullivan, chairman and chief executive officer of Applied Cellular Technology Inc.: "This acquisition further strengthens Applied's positioning as a major player in the software development tools arena. In conjunction with the company's acquisition this January of Kedwell's Data-Boss and Install-Boss products, we project a strong cross-marketing base for all products, and a direct tie-in with the leading distributor of software products, Merisel, to further rapidly expand sales. Furthermore, we have again been able to increase shareholder value by immediately increasing earnings and opening up avenues for future revenue growth acceleration." In an additional statement, Sullivan estimated that based upon a closure of July 1, 1995, earnings per share for Applied Cellular Technology Inc. will be revised upwards to $0.55 versus the previous estimate of $0.50. CONTACT: Pratt, Wylce & Lords Ltd., Idaho Springs, Colo. 303/567-0839 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion