Ardent Software Completes Acquisition of Prism Solutions; Combination Creates Data Warehouse Market Leader and Data Management Software Powerhouse.WESTBORO, Mass. and SUNNYVALE, Calif.--(BUSINESS WIRE)--April 26, 1999-- Ardent Software, Inc. (Nasdaq:ARDT ARDT Asset Redeployment Team ARDT After Receipt of Downtime ARDT Age Replacement during Delay Time ), today announced that it has completed its previously announced acquisition of Prism Solutions, Inc. (Nasdaq:PRZM PRZM Pesticide Root Zone Model ). Under the terms of the agreement, as previously announced, each Prism shareholder receives a fixed rate of 0.13124 shares of Ardent's common stock for each outstanding share of Prism, resulting in the issuance of approximately 2.5 million new shares of ARDT common stock to Prism shareholders. The acquisition was approved at a special meeting of Prism Solutions' shareholders held today. Effective at the close of business today, Prism Solutions, Inc. (Nasdaq:PRZM) will be delisted from the NASDAQ National Market. "We are extremely excited about this powerful and synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. combination, which now positions Ardent as the industry leader in the rapidly evolving data warehouse market and creates a data management software powerhouse," said Peter Gyenes, chairman, 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 Ardent Software. "Excluding non-recurring, merger-related charges, we expect the acquisition to be immediately accretive to earnings," continued Mr. Gyenes. "Furthermore, by acquiring Prism, Ardent has nearly doubled its data warehouse sales force to approximately 110, gained over 400 blue-chip customers, expanded its capabilities in the extraction and transformation of mainframe data, added SAP warehouse interfaces, and increased its European and Asian presence. The integration of Prism is now complete, and we are exceedingly pleased with how smoothly the two companies have joined together. We believe that Ardent now offers the industry's broadest and most comprehensive data warehousing See data warehouse. data warehousing - data warehouse tools and services across mainframe, UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). , and Windows NT (Windows New Technology) A 32-bit operating system from Microsoft for Intel x86 CPUs. NT is the core technology in Windows 2000 and Windows XP (see Windows). Available in separate client and server versions, it includes built-in networking and preemptive multitasking. platforms. We also believe that this strategic acquisition provides the foundation for strong growth going forward and substantially enhanced shareholder value." About Ardent Software Ardent Software is a leading global data management software company. Ardent develops and markets embedded databases (1) Database software that is included with an application rather than offered as a separate database management system (see DBMS). Tending to be compact and efficient, an embedded database generally includes fewer features than a full-blown DBMS. and software tools for enterprise-scale applications and data warehouses. With worldwide sales and service operations, and 1,000 resellers in more than 50 countries, Ardent is one of the top software companies in the world. More than 60,000 customers and 2.2 million users in virtually every aspect of business and government use applications powered by Ardent's products and technologies to solve their complex data management problems. Ardent is headquartered in Westboro, Massachusetts. The company's common stock trades on the Nasdaq National Market under the symbol "ARDT." For more information, visit Ardent's web site at www.ardentsoftware.com. Statements expressing the beliefs and expectations of management regarding future performance are forward-looking and involve risks and uncertainties, including, but not limited to, quarterly fluctuations in results and other risks. These risks are detailed from time to time in the Company's Securities and Exchange Commission filings, including the Company's Form 10K for the year ended December 31, 1998. Actual results may differ materially from management's expectations. DataStage, Iterations, O2 Technology, Prism, RedBack Red´back` n. 1. (Zool.) The dunlin. , System Builder  This article's grammar usage needs improvement. Please edit this article in accordance with Wikipedia's . , UniData, UniVerse and wIntegrate are registered trademarks of Ardent Software, Inc. Other trademarks and registered trademarks are property of the respective trademark holders.
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