Asymetrix Announces Major Restructuring.BELLEVUE, Wash.--(BUSINESS WIRE)--Jan. 16, 1995--Asymetrix Corp. today announced a major restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). in order to focus on its core businesses -- Windows operating system-based tools for multimedia development and client-server solutions. As a result of the restructuring, Asymetrix will sell its noncore products and reduce its workforce. The reduction will impact 89 full-time employees. "During the past year, Asymetrix has been very successful in meeting its key goals, including doubling annual revenue, expanding into international markets and introducing several major new products and product upgrades in its core businesses," explained Vern Raburn, acting president of Asymetrix. "However, it is clear that in order for Asymetrix to achieve its long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. business and financial goals, we need to focus our resources in those areas that provide the most opportunity for growth." The company's core businesses are Windows-based tools for multimedia development and client-server solutions. The core products in the multimedia development tools business are the Asymetrix ToolBook 3.0 visual authoring software; Multimedia ToolBook 3.0, the leading Windows-based multimedia authoring system; ToolBook Database Connection , an Open Database Connectivity See ODBC. (standard, database) Open DataBase Connectivity - (ODBC) A standard for accessing different database systems. There are interfaces for Visual Basic, Visual C++, SQL and the ODBC driver pack contains drivers for the Access, Paradox, dBase, Text, Excel and Btrieve (ODBC (Open DataBase Connectivity) A database programming interface from Microsoft that provides a common language for Windows applications to access databases on a network. ) add-on tool that provides access for ToolBook 3.0 and Multimedia ToolBook 3.0; Asymetrix 3D F/X F/X Effects , a graphics tool for creating 3-D images and animation; and Asymetrix Digital Video Producer , an award-winning video-editing tool. The core product in the client-server solutions tools business is Asymetrix InfoModeler version 1.5, the industry-acclaimed visual modeling tool for database design. The company plans to sell the Asymetrix Entertainment division, which includes the following products: Jurassic Park
Jurassic Park is a techno-thriller novel written by Michael Crichton that was published in 1990. -- The Screen Saver A utility that was originally created to prevent a CRT from being etched by an unchanging image. After a specified duration of time without keyboard or mouse input, it blanks the screen or displays moving objects. Pressing a key or moving the mouse restores the screen. , The Pink Panther panther, name commonly applied to the leopard, especially to a black leopard. It is also used locally to designate various other cats including the jaguar and the puma. Screen Saver Entertainment, The Rocky and Bullwinkle Screen Saver Show, Natural States Screen Saver Entertainment and Multimedia Screen Saver. The company also plans to sell Compel Compel - COMpute ParallEL , its multimedia presentation graphics product. "The workforce reduction was necessary, based on the restructuring and the focus on these two core businesses," continued Raburn. "We regret the impact this action will have on the employees who leave us and the impact on their families. Asymetrix will emerge in a way that will enable us to be more competitive and financially successful in the long run." Asymetrix Corp. is a privately held software company based in Bellevue, Wash., and is a leading provider of Windows-based tools for multimedia development and client-server solutions. -0- Asymetrix, ToolBook, Multimedia ToolBook and Compel are registered trademarks and ToolBook Database Connection, Asymetrix 3D F/X, Asymetrix Digital Video Producer and InfoModeler are trademarks of Asymetrix Corp. Asymetrix, ToolBook, Multimedia ToolBook and Compel are registered in the U.S.A. and may be registered in certain other countries. The Adventures of Rocky and Bullwinkle and Friends is a trademark and c 1994 of Ward Productions Inc. and licensed by MCA/Universal Merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. Inc. All rights reserved. The Pink Panther and Characters are trademarks and c 1994 of United Artists Pictures Inc. and are licensed by MGM/UA L & M. Trademark is used by permission. All rights reserved. Natural States is licensed by Miramar, a registered trademark and c 1995. Jurassic Park is a trademark and c 1994 of Universal Studios Inc. and Amblin Entertainment Inc. and licensed by MCA/Universal Merchandising Inc. All rights reserved. Windows is a registered trademark of Microsoft Corp. Other products and companies mentioned herein are used for identification purposes only and may or may not be trademarks of their respective companies. CONTACT: Asymetrix Corp. Suzette Cavanaugh, 206/637-5828 or Waggener Edstrom Posy Gering, 206/637-9097 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion