Citadel Computer to acquire tabworks product line from XSoft unit of Xerox;.DALLAS--(BUSINESS WIRE)--Sept. 6, 1996-- Citadel to offer millions of TabWorks users free upgrades more than doubling its customer base Citadel Computer Systems, Inc., (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : NOFF NOFF Net Operating Funds Flow ) today announced that it will acquire TabWorks, a popular notebook-style desktop utility software for Windows PCs, from XSoft, a Xerox (NYSE NYSE See: New York Stock Exchange : XRX XRX Xerox Corporation (stock symbol) ) New Enterprise Company. TabWorks offers an intuitive way for users to quickly find, launch and file their documents, applications and other desktop tools. Citadel plans to incorporate TabWorks as an ease-of-use interface in its line of network security and desktop utility software products. The company will also develop and enhance TabWorks for use in future product offerings. Built around the familiar notebook metaphor, an interface concept developed at the Xerox Palo Alto Research Center Palo Alto Research Center - XEROX PARC (PARC (Palo Alto Research Center Incorporated, Palo Alto, CA, www.parc.com) Founded in 1970, PARC is a Xerox subsidiary involved in high-tech research and development. Although Xerox's headquarters are in Stamford, Connecticut, and manufacturing and marketing are in Rochester, New York, PARC is ), TabWorks allows users to organize their work in any way that makes sense to them -- by project, function, due date or other attribute. "TabWorks complements Citadel's recent acquisitions of Kent-Marsh and other products that provide encryption technology and management solutions, enabling us to provide users with enterprise network utilities at the PC desktop level," said Steven Solomon, chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Citadel. "Xerox PARC A common reference to Xerox's famous PARC research and development center before it became a separate subsidiary of Xerox in 2002. See PARC. XEROX PARC - /zee'roks park'/ Xerox Corporation's Palo Alto Research Center. is respected worldwide for its breakthroughs in computing technology. Our acquisition from XSoft is a key part of our strategy to expand Citadel's presence in the growing desktop productivity and network security markets." Citadel's latest acquisition is part of a strategy to expand product offerings, and follows an earlier announcement of a strategic alliance under which the company has licensed XSoft's document summarization technology. Citadel expects to begin offering the summarization capabilities and the TabWorks interface in products scheduled to ship in the third quarter. "With over nine million units shipped, TabWorks has been recognized as one of the best ease-of-use interfaces for PCs," said Mohan Trikha, vice president and general manager of XSoft. "Citadel is in an excellent position to serve the interests of TabWorks users at the desktop level. Citadel's strategy to also extend TabWorks functionality to a network solution will expand the base of users to enterprise environments. We believe this acquisition represents continuing opportunities for both companies." "A customer base already in the millions is irresistibly attractive to Citadel," said Solomon. "This acquisition will more than double our existing customer base, and open additional distribution and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and opportunities with other strategic partners. In addition to our enterprise and network business, the new suite of desktop products will be a strong platform for Victor Kiam Victor K. Kiam (07 December 1926 - 27 May 2001) was a famous American entrepreneur and the owner of the New England Patriots from 1988-1991. After attending such universities as Yale, the Sorbonne and Harvard Business School, Kiam became part of the Lever Brothers and and our other celebrity spokespersons in bringing these solutions to consumer PC markets." As part of the agreement, Citadel will offer free upgrades to all existing TabWorks users. In the coming weeks, Citadel will announce information on the upgrade policy and how users can obtain the software. Current retail pricing for TabWorks is $49. Citadel Computer Systems is a developer and marketer of computer software products, broadly characterized as network and PC security and management utilities and software management tools. Its products, including NetOFF, ServerSentry, Phantom of the Console, WinShield, FolderBolt and NightWatch are designed to better manage and provide additional security to individual PCs as well as local area networks using Novell and Microsoft network See MSN. Microsoft Network - The Microsoft Network software. XSoft, a Xerox New Enterprise Company, is headquartered in Palo Alto, Calif. The company is focused on commercializing promising software technologies developed by Xerox PARC and other Xerox research organizations. XSoft sells its products and technologies through a worldwide network of OEM sales partners. (Xerox is a registered trademark and TabWorks and XSoft are trademarks of Xerox Corporation. All other brands and product names are trademarks or registered trademarks of their respective holders.) CONTACT: Steven B. Solomon, COO 214/520-9292 or Media Contacts: Warren J. Cavior, The Cavior Organization 212/687-6070/caviorg@aol.com or John Derryberry, A&R Partners 415/363-0982, ext. 215, john_derryberry@arpartners.com |
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