Centura Software Completes Acquisition of Raima Corporation.REDWOOD SHORES, Calif.--(BUSINESS WIRE)--June 7, 1999-- Combination Creates Embedded Database Powerhouse Providing Solutions From Information Appliances to Web and Application Servers Centura(R) 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 ), leader of secure, embedded micro and e-business databases and development solutions, announced today that it has completed the acquisition of Raima Corporation (http://www.raima.com). Centura issued 5.8M shares of stock valued at $6.0M to complete the acquisition, based on the closing price of $1.03 on June 4th, 1999. The acquisition included Raima Corporation and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Vista Development Corporation, which provides consulting services for Raima products. "This acquisition extends our offering of embedded database products connecting people to information anywhere. From 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). or Linux Internet servers to Microsoft Windows desktops to the smallest embedded systems and information appliances, we can provide a solution," said Scott Broomfield, 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. and President of Centura Software. "Through the combined talents of both the Centura and Raima teams, we have strengthened our product depth and expertise in this market and we are strongly positioned to dominate the growing embedded database market." With the acquisition, Centura adds two Raima products, Raima Database Manager (RDM RDM Ring Deutscher Makler (German Realty Association) RDM Red Mage (Final Fantasy, gaming) RDM Remote Device Management (protocol used in theatre lighting equipment) ) and the Velocis Database Server (Velocis). RDM addresses the rapidly growing Information Appliance and RTOS (1) (RealTime Operating System) An operating system designed for use in a real time computer system. See real time system, embedded system, process control and OS-9. (Real Time Operating System A master control program that can provide immediate response to input signals and transactions. See real time system and embedded Linux. ) markets, which IDC estimates will be shipping 26.5M units by 2001. RDM has a long history as the small, yet powerful embedded database solution for industry leading companies such as Nortel Networks in its BroadBand Signaling Transfer Point system, and more recently, Sigma Game in its Select Series of video slot machines. At the other end of the embedded database spectrum is Velocis with its multi-platform, client/server database engine. The robust Velocis engine is ideal for supporting the exploding Internet market requirements for Web server, application server, and other server designs--representative deployments include Computer Associates' ARCserve backup management system and Hewlett-Packard's (formerly DAZEL's) MetaWeb Web publishing system. These products complement Centura's SQLBase SafeGarde offering, which continues to provide the only secure embedded database solution for PC Server, desktop and portable systems. Information stored on these types of PC systems is widely dispersed, often around the globe, and hence is at risk. SQLBase SafeGarde is the only embedded database that protects the privacy of the data it stores via 56-bit DES or 128-bit triple-DES encryption. In response to customer requests and overall needs of the market, Centura will migrate this security technology to RDM and Velocis. Centura is committed to ensuring that RDM and Velocis customers continue to receive ongoing product upgrades along with the superior level of customer support they have come to expect from Raima. In addition, the Centura Consulting Group will add the talents of Raima's consulting organization, Vista Development, to offer current and future customers a wide range of technical, operational and business expertise. Founded as Gupta in 1984, Centura was the first company to create fully relational client/server embedded DBMS (DataBase Management System) Software that controls the organization, storage, retrieval, security and integrity of data in a database. It accepts requests from the application and instructs the operating system to transfer the appropriate data. for the personal computer. Today, Centura is the leader in providing secure, embedded, micro and e-commerce database solutions, and the connectivity necessary to integrate these solutions into core business systems. Centura products include Centura Team Developer See Team Developer. and Centura Web Developer application development tools, Centura's net.db e-commerce solution, SQLHost, SQLBase Exchange and the SQLNetwork family of database connectivity solutions. In addition, Centura offers a variety of embedded database products, including RDM, Velocis, SQLBase Suite, SQLBase SafeGarde and SQLBase SafeGarde Max. Centura has 19 offices around the world in North America, Latin America, Asia/Pacific, Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the . All current Centura product offerings are Year-2000 (Y2K) compliant. For more information about Centura, visit http://www.centurasoft.com. |
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