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Computer Language Research, Inc. announces the acquisition of the assets of Crystal Solutions, LLC by its Rent Roll Subsidiary.


CARROLLTON Carrollton.

1 City (1990 pop. 16,029), seat of Carroll co., W Ga., on the Little Tallapoosa River; inc. 1897. Manufacturing includes fiber-optic cable, ropes, yarns, stainless-steel pipe, apparel, and prefabricated homes. The Univ.
, Texas--(BUSINESS WIRE)--April 3, 1996--Computer Language Research, Inc. (Nasdaq/NM: CLRI CLRI Central Leather Research Institute (India) ), announced the acquisition of substantially all of the assets of Crystal Solutions, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 by its wholly-owned Rent Roll, Inc. subsidiary which sells residential property management software and services to the apartment housing market.

The Company paid an undisclosed amount in cash for substantially all of the assets of Crystal Solutions and entered into an employment agreement with its president and non-compete agreements with the selling members of the LLC. The acquisition is expected to have an immaterial Not essential or necessary; not important or pertinent; not decisive; of no substantial consequence; without weight; of no material significance.


immaterial adj.
 impact on current year earnings.

Crystal Solutions has developed and is in the initial stages of marketing an innovative bar code scanning and information processing information processing: see data processing.
information processing

Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations.
 technology for apartment communities. The system catalogs (database) system catalog - The data dictionary of a DBMS. The system catalogue stores meta-data including the schemas of the databases. It is a mini-database, and is usually stored using the DBMS itself in special tables called system tables.  and tracks apartment assets and monitors and reports all maintenance tasks performed at an apartment site. Crystal Solutions' products will be integrated with Rent Roll's existing facility management system to create the industry's most comprehensive asset management and maintenance work order system.

Lynn Lynn, city (1990 pop. 81,245), Essex co., E Mass.; inc. as a town 1631, as a city 1850. Lynn is an old industrial center. The first ironworks (1643) and the first fire engine (1654) in the country were built there.  Finlinson, the president of Rent Roll, Inc., stated, "Crystal Solutions offers a technology that enables apartment managers to better control and monitor assets and work performed at each apartment site. Bar code scanning technology is widely used in many industries and is a proven and reliable method of tracking assets and work. Crystal Solutions pioneered the use of sophisticated bar code scanning technology to assist in collection of asset and work related data. Their technology, when coupled with Rent Roll facility management and work order systems, will help our clients better manage the cost of owning and operating apartment communities."

Ed Sternagle, former president of Crystal Solutions, will join Rent Roll as general manager of all work order and asset management related software and services. He stated, "The company plans no immediate changes to the client support procedures now in place or to the products offered to clients. Our employees now can look to greater opportunity with a larger company, which has demonstrated its commitment to the apartment housing industry. We will be relocating to the Dallas area offices of Rent Roll in the near future to take advantage of product development and support synergies."

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 Steve Winn, President of Computer Language Research, "Crystal Solutions offers our clients, who currently manage over 15,000 apartment communities across the country, the opportunity to better manage maintenance expenses and track the location and condition of their assets. This acquisition is in keeping with our plan to add critically needed products and services that are focused on the needs of our property management customers and that help them improve profits."

Computer Language Research, Inc. is headquartered in Carrollton, Texas Carrollton is a city in Texas, partially in Dallas County, partially in Denton County, and partially in Collin County. As of 2005, census estimates the city's total population to be 122,699.[1] Carrollton is a suburb of Dallas. , and maintains sales and support facilities throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company provides tax and accounting information software and services to accounting firms, banks, corporations, and partnerships under the trade name Fast-Tax. Its subsidiary, Rent Roll, Inc., develops and markets apartment housing property management software and services to property managers, owners, and developers under various trade names.

CONTACT: Computer Language Research Inc., Carrollton

Robert H. Dilworth, 214/250-8679
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 3, 1996
Words:510
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