Cheyenne Software acquires Chili Pepper Software; New Technology Extends Cheyenne's HSM Product Line to the Desktop.ROSLYN HEIGHTS Roslyn Heights (rŏz`lĭn), uninc. residential village (1990 pop. 6,405), Nassau co., SE N.Y., on Long Island. William Cullen Bryant lived and is buried in nearby Roslyn. , N.Y.--(BUSINESS WIRE)--Sept. 28, 1995--Cheyenne Software, Inc. (AMEX AMEX See: American Stock Exchange :CYE CYE Curb Your Enthusiasm (TV show) CYE Close Your Eyes CYE Check Your Email CYE Calendar Year End CYE Choose Your Event CYE Curtis Youngblood Enterprises ), a world leader in the development of enterprise wide essential software solutions, today acquired the net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of Chili Pepper Software, Inc. of Atlanta, Georgia. Chili Pepper Software is the manufacturer of Infinite Disk Home, Infinite Disk Advanced, and Infinite Disk Professional, Hierarchical Storage Management See HSM. (HSM (1) (Hierarchical Storage Management) The automatic movement of files from hard disk to slower, less-expensive storage media. The typical hierarchy is from magnetic disk to optical disc to tape. ) solutions for the desktop PC. The terms of the agreement were not disclosed, but are considered immaterial to Cheyenne for financial reporting purposes. However, Cheyenne plans to take a one time write-off for financial reporting purposes net of taxes of less than 3 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in the quarter ending September 30, 1995 relating to the acquisition of in process research and development. Cheyenne expects this acquisition will add to earnings within one year. "By coupling Chili Pepper's `Infinite Disk' technology with Cheyenne's server-based HSM offerings, we will be able to extend the scope of the storage management service to encompass desktops to file servers in the enterprise," said ReiJane Huai, 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 Cheyenne Software. "Infinite Disk is the perfect complement to Cheyenne's data management products," says Richard M. Onyon, President and CEO of Chili Pepper Software. "With Cheyenne's strong channels of distribution and significant resources, we now have the opportunity to reach a large worldwide audience." "3M is a committed business partner of Chili Pepper. We are convinced HSM will make the tape drive an even more useful, permanent part of the desktop computer system," said Jeff Morgan, Business Development Manager for software applications management, 3M Data Storage Tape Technology Division. "HSM is a great solution to the problem of hard drive capacity, in a world where demands for disk space continue to mushroom. And because tape is so cost effective, HSM will further reduce the cost of storage for many businesses." About Cheyenne Software Cheyenne Software, Inc. is a leading international developer of enterprise wide essential software services for 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). , NetWare, Windows NT, Macintosh, and OS/2 systems. Their enterprise-wide solutions include array of security, communications and network, data and storage management products, including InocuLAN(R), FAXserve(TM), Monitrix(R), JETserve(TM), Cheyenne(R) HSM, and their flagship product line, the ARCserve(R) family of network backup and restore software products. Cheyenne can be contacted at (800) 243-9462 (U.S. or Canada) or (516) 484-5110, or by visiting its homepage on the worldwide web (http://www.cheyenne.com). About Chili Pepper Software, Inc. Founded in 1992, Chili Pepper Software is the leading manufacturer of HSM solutions for the desktop PC, including Infinite Disk Home, Infinite Disk Advanced, and Infinite Disk Professional. Industry relationships include: 3M Corporation, SyQuest Technologies and Olympus Image Systems. Chili Pepper Software products are marketed through software OEMs, resellers, distribution, software catalogs, and direct channels. For additional information on Chili Pepper products, contact Chili Pepper Software, 1630 Pleasant Hill Road, Suite 180-200, Atlanta, GA, 30136-5827; phone (800) 395-1812 (sales) or (770) 682-7004 (main); fax (770) 513- 7411. Product and company names are used herein for identification purposes only, and may be trademarks of their respective companies. CONTACTS: ReiJane Huai, President and CEO Elliot Levine, CFO See Chief Financial Officer. Cheyenne Software, Inc. (516) 484-5110 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion