DataMirror Completes Acquisition Of Assets Of Constellar Corporation.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 3, 2000 DataMirror Corporation (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) .), a leading provider of e-Business data integration and resiliency solutions, today announced it has completed the acquisition of assets Acquisition of assets A merger or consolidation in which an acquirer purchases the selling firm's assets. and assumption of certain 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 certain of its subsidiaries. The transaction is valued at approximately $15 million. Constellar's 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 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. 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. 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 integration tools, to provide customers in the Oracle economy with a completely integrated end-to-end solution. Through the acquisition of Constellar, DataMirror intends to strengthen its presence in the global Oracle economy. The Company plans to headquarter head·quar·ter v. head·quar·tered, head·quar·ter·ing, head·quar·ters Usage Problem v.tr. To provide with headquarters: its US operations out of its newly acquired offices in Redwood Shores, California. About Constellar Constellar Corporation was a pioneer in the Enterprise Application Integration (EAI) industry, and successfully delivered real EAI solutions for nearly 12 years. Today, Constellar Hub 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 over the past five years. 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 (C) 2000 DataMirror Corporation. All rights reserved. DataMirror, High Availability Suite, iCluster and Transformation Server are trademarks or registered trademark 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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