Concord and FirstSense Complete Merger.Business/Technology Editors MARLBORO Marlboro or Marlborough (märl`bərō), city (1990 pop. 31,813), Middlesex co., E Mass.; settled on the site of a Native American village 1657, inc. as a city 1890. , Mass.--(BUSINESS WIRE)--Feb. 7, 2000 Concord Concord, cities, United States Concord (kŏng`kərd, kŏn`kôrd'). 1 city (1990 pop. 111,348), Contra Costa co., W central Calif.; settled c.1852, inc. 1906. Communications(R), Inc. (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 :CCRD CCRD Colorado Civil Rights Division CCRD Clear Certainty Rundown CCRD Center for Community Research and Development CCRD Climate Change Research Division (US DoE) CCRD Certified Chiropractic Rehabilitation Doctor ) today announced the completion of its merger with privately-held FirstSense Software. Concord is the market leader in next-generation performance management solutions that ensure effective e-business for service providers and enterprise organizations. FirstSense is a premier provider of application and service response management solutions. Under terms of the transaction announced on January 20, 2000, Concord Communications completed its merger with FirstSense Software and has reserved for issuance in connection with the merger 1,940,000 shares of Concord's common stock. The transaction is being accounted for as a pooling of interests Pooling of Interests An accounting method, used in mergers and acquisitions, where the balance sheet items of the two companies are simply added together. Notes: The opposite of pooling of interests is the purchase acquisition method. . As a result of the merger, Concord will recognize a one-time charge of approximately $5.0 - $5.5 million for the quarter ending March 2000. About FirstSense Software, Inc. FirstSense Software is a leading provider of applications performance and service-level management software designed for distributed applications An application made up of distinct components running in separate runtime environments, usually on different platforms connected via a network. Typical distributed applications , including packaged, custom and e-business applications. The company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. , FirstSense Enterprise, continuously monitors application performance and availability from the end-users' perspective. FirstSense arms IT organizations with the information necessary for application service-level reporting, trend-lining and analysis. By shifting from infrastructure monitoring to understanding the application service levels delivered to end-users, IT can more directly align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. its operations with business unit objectives. About Concord Communications Concord Communications, Inc. (NASDAQ: CCRD) is the market leader in next-generation performance management solutions. With its eHealth solution set, Concord offers the only integrated performance management solution spanning systems, applications, services and networks. Only by successfully managing performance across all of these key areas can organizations truly ensure effective e-business. This end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. performance view provides the critical insights needed to power day-to-day business and e-commerce operations for some of today's most successful corporations and service providers worldwide. Concord is headquartered in Marlboro, Massachusetts. For more information on Concord, call 1-800-851-8725 or visit Concord's World Wide Web site at http://www.concord.com. Any statements contained in this press release that do not describe historical facts may constitute forward looking statements as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Any forward looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include the following: Fluctuations in customer demand; the Company's ability to manage its growth; the risk of new product introductions and customer acceptance of new products; the rapid technological change which characterizes the Company's markets; the risks associated with competition; the risks associated with international sales as the Company expands its markets; and the ability of the Company to compete successfully in the future, as well as other risks identified in the Company's Securities and Exchange Commission filings, including but not limited to those appearing under the caption &uot;Risk Factors&uot; in the Company's year-end December 31, 1998 10-K filed with the SEC on March 25, 1999. |
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