DataMirror Agrees To Purchase Assets Of Constellar Corporation.Business Editors TORONTO--(BUSINESS WIRE)--Sept. 13, 2000 DataMirror Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DMC DMC Devil May Cry (video game) DMC Detroit Medical Center DMC Darryl McDaniels (rapper) DMC Destination Management Company DMC Del Mar College (Corpus Christi, TX) .) Acquisition Expected to Build DataMirror's Presence in the Oracle community DataMirror Corporation, a leading provider of e-Business data integration and resiliency solutions, today announced it has entered into an asset purchase agreement to acquire the assets and to assume certain of the liabilities of Constellar Corporation of Redwood Shores, California Redwood Shores is an upscale and desirable [1] waterfront neighborhood on the San Francisco Peninsula in California. It is located on the eastern edge of Belmont, but is actually part of incorporated Redwood City. and its subsidiaries. The transaction is valued at approximately $15 million. The purchase is subject to certain closing conditions. Constellar has pioneered the development of enterprise application integration (EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. ) software and has been working for 12 years with major organizations in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , utilities and telecommunications industries worldwide to help integrate their enterprise-wide applications, business processes and departmental functions. Customers of Constellar include Citibank, General Electric, ScottishPower, London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. and Readers Digest. Constellar's EAI software ensures that companies' application data is available to any other application - supplier, customer, or internal user - to create integrated end-to-end e-business solutions without the need for costly and hard-to-maintain hand-coded links. It includes pre-built interfaces to major ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. packages such as SAP, Oracle and PeopleSoft. DataMirror expects to integrate Constellar Hub, a leading Oracle based Enterprise Application Integration tool, with DataMirror's complete family of Transformation Server real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. integration tools, to provide customers in the Oracle economy with a completely integrated end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. . "Through the acquisition of Constellar's technology, DataMirror will strengthen its presence in the global Oracle economy," said Nigel Stokes, Chairman, 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 DataMirror. "We plan to headquarter head·quar·ter v. head·quar·tered, head·quar·ter·ing, head·quar·ters Usage Problem v.tr. To provide with headquarters: our US operations out of Constellar's offices in Redwood Shores California." "The Constellar team is extremely pleased to be joining forces with DataMirror," says Lee Tate, Chairman of the Board of Constellar. "We are optimistic that the combination of the DataMirror and Constellar teams will create new market offerings and synergies for both businesses." Terms of the Transaction Under the terms of the asset purchase agreement, DataMirror will acquire Constellar's assets and assume or discharge certain liabilities in a cash transaction for approximately $15 million. Certain payments are contingent on future operations of the acquired business. DataMirror will account for the acquisition under the purchase method. The transaction has been approved by the board of directors of both companies. Subject to satisfaction of a number of other closing conditions, the transaction is expected to close in late September 2000. Constellar has over 40 employees based in its head office in Redwood Shores, California, and in offices in other US locations, London, England and Paris, France. About Constellar Constellar Corporation is a pioneer in the Enterprise Application Integration (EAI) industry, successfully delivering real EAI solutions for nearly 12 years. Today, Constellar is at work in over 200 installations at more than 60 major global organizations, including Citibank, General Electric, Sprint, US WEST Long Distance, ScottishPower, London Stock Exchange, and Deutsche Bank. Using Constellar solutions, customers are able to implement highly scalable network- wide data and application architectures for e-business applications including e-commerce, Customer Relationship Management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ), data warehouses, and ERP. Constellar has its headquarters in Redwood Shores, Calif. with field offices throughout the U.S. and in Europe. For more information visit http://www.constellar.com. About DataMirror Corporation DataMirror (TSE: DMC) delivers solutions that let customers integrate their data for competitive insight and e-Business resiliency. DataMirror's comprehensive family of products includes advanced real-time capture, transform and flow (CTF CTF Capture The Flag CTF Child Trust Fund (UK) CTF Canadian Tax Foundation CTF Canadian Taxpayers Federation (lobby group) CTF Canadian Television Fund CTF Canadian Teachers' Federation ) technology, that gives customers the instant access, integration and availability they demand today, across all computers in their business. Over 1,100 customers rely on DataMirror software to gain competitive advantage and to provide a reliable, continuous, instant flow of information across their business. DataMirror is headquartered in Toronto, Canada, and has offices worldwide. DataMirror has been recognized by PROFIT Magazine as the fastest growing Software Company in Canada. For more information, call 1-800-362-5955 or visit the DataMirror web site at www.datamirror.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the United States 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: Forward-looking statements in this press release, including statements regarding DataMirror Corporation's business which are not historical facts, are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties which could cause actual results to differ from those forward-looking statements. For a discussion of such risks and uncertainties, please see DataMirror Corporation's periodic filings with the United States Securities and Exchange Commission and other regulatory authorities. Copyright 2000 DataMirror Corporation. All rights reserved. DataMirror, Transformation Server, and High Availability Suite are registered trademarks or trademarks of DataMirror Corporation. All other brand or product names are trademarks or registered trademarks of their respective companies. DataMirror Corporation 3100 Steeles Avenue East Suite 1100 Markham, Ontario L3R 8T3 TEL: (905) 415-0310 FAX: (905) 415-0340 Web Site: www.datamirror.com |
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