Centura Software Acquires Infospinner, Inc.; Combined Companies Will Offer the First Open Web Integration Framework.MENLO PARK, Calif.--(BUSINESS WIRE)--Jan. 7, 1997--Centura Software Corporation (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 : CNTR CNTR Center CNTR Container CNTR Control CNTR Counter ), today announced that it has agreed to acquire InfoSpinner, Inc., of Richardson, Texas. Centura Software is a leading provider of enterprise-scale web and client/server application development and deployment software. InfoSpinner is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that develops technologies which uniquely address the challenges of open, scaleable web computing. Centura will issue 4.5 million shares of its common stock to the shareholders of InfoSpinner. The transaction is expected to be completed by the end of March, 1997 and is subject to approval of the shareholders of both companies and other legal requirements. As a result of this transaction, InfoSpinner will be integrated into the Centura organization and management structure. "The acquisition of InfoSpinner catapults Centura into the Web enterprise software business," remarked Sam Inman, 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 Centura Software. "The combination of InfoSpinner and Centura delivers the first open Web integration framework, enabling customers to migrate, integrate and scale to the Web. They can migrate legacy systems - such as COBOL COBOL: see programming language. COBOL in full Common Business-Oriented Language. High-level computer programming language, one of the first widely used languages and for many years the most popular language in the business community. , CICS (Customer Information Control System) A TP monitor from IBM that was originally developed to provide transaction processing for IBM mainframes. It controls the interaction between applications and users and lets programmers develop screen displays without , 3270, PowerBuilder and Visual Basic - to the Web in days. They can integrate with cool Web technologies, such as Java, JavaScript, VB Script, FrontPage and Shockwave. And as importantly, this framework will scale to meet the unpredictable nature of doing business on the Web." "Centura's vision and architecture uniquely leverage InfoSpinner's innovative technology," said Keith Lowery low·er·y also lour·y adj. Overcast; threatening. , founder and chief technology officer at InfoSpinner. "Our products enhance Centura's ability to effectively compete and win against vendors who offer a proprietary and piecemeal approach to enterprise-scale Web applications." Forward Looking Statements This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties, including quarterly fluctuations in operating results, timely availability and market acceptance of new products and upgrades, the impact of competitive products and pricing, and other risk factors. Actual results could differ materially from those expressed in any forward looking statements made by or on behalf of the company. About Centura Software Corporation Since its inception in 1984, Centura Software (formerly Gupta) has enjoyed a rich history of innovation and bringing award-winning client/server products to the marketplace, including SQLWindows and SQLBase. Based on this success, it has grown into a global enterprise, with 26 offices, 120,000 developers, and 1.5 million end users around the world. Today Centura is pioneering robust technologies oriented toward the new world of the Intranet and Internet with products such as Centura Web Developer and Centura Application Server. The company's customers include Automatic Data Processing Same as data processing. (ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. ), United Parcel Service United Parcel Service, Inc. (NYSE: UPS), commonly referred to as UPS, is the world's largest package delivery company, delivering more than 15 million packages[1] a day to 6.1 million customers in over 200 countries and territories around the world. , United Airlines, Citibank, Singapore Airlines, Siemens-Nixdorf, Daimler-Benz, and Ford Motor Company. About InfoSpinner, Inc. InfoSpinner, headquartered in Richardson, Texas, is a privately held company that has developed technologies which uniquely address the challenge of open and scaleable computing on the web, including leveraging existing enterprise information assets. The company has a strategic relationship with Software AG worldwide and Beacon Information Technologies. -0- Note to Editors: Centura, Centura Ranger, Gupta, the Gupta logo, Gupta Powered, the Gupta Powered logo, Fast Facts, Quest, QuickObjects, SQL/API, SQLBase, SQLBase Ranger, SQLConsole, SQLGateway, SQLHost, SQLNetwork, SQLRouter and SQLTalk are trademarks of Gupta Corporation and may be registered in certain jurisdictions. SQLWindows is a registered trademark and Team Windows, ReportWindows and EditWindows are trademarks exclusively used and licensed by Centura Software Corporation. Microsoft, Win 32, Windows, Windows NT and Visual Basic are either registered trademarks or trademarks of Microsoft Corporation in the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, and/or other countries. Java is a trademark of Sun Microsystems Inc. All other product or service names mentioned herein are trademarks or registered trademarks of their respective owners. Copyright 1996 Centura Software Corporation. All rights reserved. CONTACT: Centura Software Corp. Dick Gelhaus, 415/321-9500 (CFO See Chief Financial Officer. ) http://www.centurasoft.com or Zoom Marketing Maureen Welch, 510/283-9777 |
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