Applied Digital Solutions Acquires Transatlantic Software Corporation.Business Editors PALM BEACH, Fla.--(BUSINESS WIRE)--Jan. 12, 2001 Acquisition boosts Applications Group total revenues to more than $75 million and enables Applied Digital to offer industry's most comprehensive front-to-back retail solutions Applied Digital Solutions, Inc. (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 :ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), a leading, single-source provider of e-business solutions, today announced the acquisition of Transatlantic Software Corporation, one of the world's premier retail software developers specializing in central merchandising and data warehousing See data warehouse. data warehousing - data warehouse systems. The acquisition gives Applied Digital the ability to offer its retail clients a Microsoft SQL-based merchandising solution. Having already integrated Transatlantic's applications with its current TradeWind(R) in-store systems, data warehousing tools and interactive messaging services, Applied Digital now offers the most comprehensive set of solutions to the retail industry. Transatlantic will become part of Applied Digital's Retail Systems business unit, based in Cleveland, Ohio "Cleveland" redirects here. For the Cleveland metropolitan area, see . For other uses, see Cleveland (disambiguation). Cleveland is a city in the U.S. state of Ohio and the county seat of Cuyahoga County, the most populous county in the state. . In addition, Applied Digital's Retail Systems unit will maintain offices in Wall Township, New Jersey Wall Township is a Township in Monmouth County, New Jersey, United States. As of the United States 2000 Census, the township population was 25,261. Wall Township was formally incorporated as a township by an Act of the New Jersey Legislature on March 7, 1851. , Toronto, Canada, and Milton Keynes Milton Keynes (mĭl`tən kēnz`), town (1991 pop. 36,886) and borough, S central England. Milton Keynes was designated one of the new towns in 1967 to alleviate overpopulation in London. It is the seat of the Open Univ. , United Kingdom. It is anticipated that the combined operations For the department of the British War Office during World War II, see . In the military, combined operations are operations conducted by forces of two or more allied nations acting together for the accomplishment of a single mission. See also
The business was started by Frederick Mellinger (inventor of the push-up bra) in 1946. and Tie Rack. Commenting on the acquisition, Applied Digital's President and COO, Mercedes Walton, said: "Transatlantic's products, operations and highly seasoned leadership team are the perfect complement to Applied Digital's Retail Systems unit. In fact, with this acquisition, we can now offer our retail clients complete front-to-back solutions -- everything from point-of-sale tools to a host merchandising solution to virtual private networks and wireless services. Without question, this combination makes Applied Digital a top contender in the retail systems marketplace." Transatlantic's senior management team -- including Chairman, Michael Burge, Finance Director, David Clark, and Managing Director, Keith Bennett -- will continue to serve in key leadership roles in the combined organization. In a statement regarding the acquisition, Transatlantic's Chairman, Michael Burge, commented: "I believe this is an exciting step forward for both organizations. The two companies fit together extremely well. Our capabilities are very complementary, which will lead to great deal of synergy and an enhanced ability to meet customer needs. Applied Digital was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a host partner and they found what they were looking for in Transatlantic. For our part, we were looking for an established point-of-sale partner, and Applied Digital is the best in the business. We look forward to integrating the two companies and bringing the benefits of our combined capabilities to our customers." About Transatlantic Software Corporation Transatlantic Software Corporation has been one of the world's leading retail software developers specializing in central merchandising and data warehousing systems for over 20 years. The company serves retailers in a variety of markets including motorist service centers, hospitality and fashion. The company's flagship products, OpenRSA and SQL-Retail, interface with any electronic point-of-sale and financial system and are capable of supporting all aspects of the retail supply chain. Utilizing leading-edge technology, they provide access to a retailer's systems anywhere in the world and offer a platform for introducing the latest eCommerce solutions into a business. For more information, visit the company's Web site at http://www.t-a-s-c.com. About Applied Digital Solutions, Inc. Applied Digital Solutions is a leading, single-source provider of e-business solutions. The company differentiates itself in the marketplace by "enabling e-business through CTII CTII Comprehensive Technologies International, Inc. (TM)" (Computer Telephony Internet Integration). Applied Digital Solutions has grown revenues a remarkable 14,315 percent over the past four years. In recognition of its strong growth record, the company has been ranked in the top tier of the fastest growing technology companies in the "Technology Fast 500" listing compiled annually by Deloitte & Touche. Ranked number 27 in the listing for the year 2000, Applied Digital has been ranked in the Top Ten of the Fast 500 in two of the past four years. For more information, visit the company's Web site at http://www.adsx.com . Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. The Company intends that such forward-looking statements involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. |
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