DataMirror Agrees to Purchase PointBase.Business Editors/High-Tech Writers TORONTO--(BUSINESS WIRE)--Nov. 26, 2003 DataMirror (Nasdaq: DMCX; TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : 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) ), a leading provider of live, on demand data integration and protection solutions, today announced that it has entered into an agreement and plan of merger (the "Agreement") to acquire one hundred percent control of PointBase, Inc. The transaction, which is conditional upon certain closing conditions, is expected to close in the next 30 days. PointBase is a leading provider of nano footprint, java based relational database relational database Database in which all data are represented in tabular form. The description of a particular entity is provided by the set of its attribute values, stored as one row or record of the table, called a tuple. and synchronization solutions designed to lead the industry's move toward software that delivers on the promise of platform independence. PointBase's proven trio of offerings -- PointBase Embedded, PointBase Micro and PointBase UniSync -- provide effective Java-based data storage, enterprise mobility and data synchronization Keeping data in two or more computers up-to-date so that each repository contains the identical information. Data in handheld devices and laptops often require synchronization with the data in a desktop machine or server. with corporate databases. PointBase technology is currently being used by leading software providers and companies including BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. , Checkmate checkmate end of game in chess: folk-etymology of Shah-mat, ‘the Shah is dead.’ [Br. Folklore: Espy, 217] See : End International, Extensity ex·ten·si·ty n. pl. ex·ten·si·ties 1. a. The quality of having extension or being extensive. b. A specific degree or range of extension. 2. , Leadscope, Macromedia, Raytheon and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. . With the implementation of PointBase technology, these companies have gained numerous business benefits including application mobility, reduced total cost of ownership, increased developer productivity, accelerated product release, increased customer satisfaction, and greater customer ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Terms of the Transaction Under the terms of the Agreement, a wholly-owned DataMirror subsidiary will merge with PointBase in a cash transaction. DataMirror will pay approximately $3.5 million at closing, and certain additional amounts may become payable contingent on future revenue or proceeds that may be received in connection with the acquired business. DataMirror will account for the acquisition under the purchase method. Beyond enhancing service for the existing important PointBase customers, DataMirror will be focusing the PointBase technology to expand its existing wireless data capture solutions for bar-code and RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. applications and also on new data synchronization solutions for the handheld marketplace. The transaction has been approved by the board of directors of both companies. Subject to satisfaction of a number of closing conditions, the transaction is expected to close in December 2003. DataMirror will hold a webcast and conference call to discuss the acquisition at 5:00 p.m. EST today, November 26, 2003. The conference call can be accessed via audio web cast by visiting www.datamirror.com. Participants in the conference call are asked to call 1-800-500-0311 at approximately 4:55 p.m. EST on November 26th using reservation number 289759. Participants may also view an on-line presentation during the call by visiting datamirror.webex.com/webex and clicking on the meeting "DataMirror Announces Acquisition of PointBase" hosted by Peter Cauley, CFO See Chief Financial Officer. and Nigel Stokes, 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. , DataMirror. A replay of the conference call will be available until December 1, 2003 by dialing 1-888-203-1112 using reservation number 289759 or visiting www.datamirror.com/investors/. About DataMirror DataMirror (Nasdaq: DMCX; TSX: DMC), a leading provider of live data integration and protection solutions , gives companies the power to manage, monitor and protect their corporate data in real-time. DataMirror's comprehensive family of LiveBusiness(TM) solutions enables customers to easily and cost-effectively capture, transform and flow data throughout the enterprise. DataMirror unlocks the experience of now(TM) by providing the instant data access, integration and availability companies require today across all computers in their business. 1,750 companies have gone live with DataMirror software including Debenhams, GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Commercial Mortgage, the 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. , OshKosh B'Gosh, Priority Health, Tiffany & Co., and Union Pacific Railroad Union Pacific Railroad, transportation company chartered (1862) by Congress to build part of the nation's first transcontinental railroad line. Under terms of the Pacific Railroads Act, the Union Pacific was authorized to build a line westward from Omaha, Nebr. . DataMirror is headquartered in Toronto, Canada, and has offices around the globe. For more information, visit www.datamirror.com. "Safe Harbour" 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 harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements of plans, objectives, strategies and expectations. The words "anticipate", "believe", "estimate" and "expect" and similar expressions are intended to identify forward-looking statements. Numerous important factors affect DataMirror's operating results and could cause DataMirror's actual results to differ materially from the results indicated by this press release or by any forward-looking statements made by, or on behalf of, DataMirror, and there can be no assurance that future results will meet expectations, estimates or projections. These factors include, but are not limited to, the following: the difficulty of developing, marketing and selling new products successfully; variability of quarterly operating results; dependence upon on the continued growth and success of DataMirror's software products; competition; rapid technological change and new product introductions; dependence upon continued growth in the database and enterprise data integration markets; dependence upon relationships with complementary vendors and distribution channels; the ability to recruit and retain key personnel; risks of international operations, including currency exchange rate fluctuations and global economic conditions; possible software errors or defects; possible infringement claims by third parties; and other factors discussed in the Company's Annual Information Form and other periodic filings with the United States Securities and Exchange Commission and other regulatory authorities. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those indicated in any forward-looking statements. The Company disclaims and does not assume any obligation to update these forward-looking statements. Copyright 2003 DataMirror Corporation. All rights reserved. DataMirror, LiveBusiness and The experience of now are trademarks or registered trademarks of DataMirror Corporation. All other brand or product names are trademarks or registered trademarks of their respective companies. |
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