DATA SYSTEMS & SOFTWARE INC. ANNOUNCES ACQUISITION OF CORNELL DESIGN CO., INC.MAHWAH, N.J.--(BUSINESS WIRE)--June 27, 1995--Data Systems & Software 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 NMS See NetWare Management System. : DSSI DSSI Diversified Scientific Services, Inc. DSSI Digital Storage Systems Interconnect DSSI Dead Sea Scrolls Institute (Trinity Western University, Canada) DSSI Digital Small Storage Interconnect ) today announced that it has acquired all of the outstanding stock of privately-held Cornell Design Co., Inc. (Cornell). Cornell provides engineering consultants, programmers and system designers who perform system and product design, generally on the customer's premises. Since 1954, Cornell has provided these services to Fortune 500 companies. In conjunction with International Data Operations (IDO), DSSI's wholly-owned subsidiary, Cornell will now provide a complete range of engineering software services to customers of both entities. George Morgenstern, Chairman and Chief Executive Officer of Data Systems and Software, commented, "Cornell will greatly enhance the operations of IDO by creating a broader based platform and provide a stronger market presence." Data Systems & Software Inc. provides consulting and development services for computer software and systems, principally in the area of state-of-the-art, embedded real-time systems. The Company is also developing and has commenced marketing a number of proprietary products intended for sale to commercial and military markets worldwide. In addition, the Company, through its Tower Semiconductor Ltd. subsidiary, manufactures integrated circuits on silicon wafers using its advanced production capability and the proprietary designs of its customers. The Company's operations are conducted primarily in Israel through Tower, which is listed on NASDAQ/NMS, and Decision Systems Israel Limited, one of the largest independent software companies in Israel, which is listed on the Tel Aviv Stock Exchange Tel Aviv Stock Exchange Israel's only stock exchange. . CONTACT: Stephen D. Axelrod, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. Jennifer Hendrickson Barbara Yu (Media Director) WOLFE AXELROD ASSOCIATES (212) 370-4500 or George Morgenstern, 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. DATA SYSTEMS & SOFTWARE INC. (201) 529-2026 |
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