PLATINUM ACQUIRES RELTECH GROUP, INC.; Repository Technology Strengthens PLATINUM's Data Warehousing & Systems Management Initiatives.OAKBROOK TERRACE, Ill.--(BUSINESS WIRE)--April 4, 1995--PLATINUM technology, 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 : PLAT) today announced the acquisition of RelTech Group, Inc. of Fairfax, Va., a leader in relational-based data repository See repository. software products. The acquisition of RelTech advances PLATINUM's strategy to become a leader in the data warehousing See data warehouse. data warehousing - data warehouse business. The RelTech repository technology also will help PLATINUM offer repository enabled system software products necessary to manage the heterogeneous computing environments that are found in most corporations today. Effective today, RelTech became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of PLATINUM technology Platinum Technology Inc. was founded by Andrew Filipowski in 1987 to market and support deployment of Database Management software products and the applications enabled by database management technology and render related services. , inc. Terms of the agreement were not disclosed. "The addition of the RelTech repository technology, in addition to our recent acquisition of BrownStone brownstone, red to brown variety of sandstone. Its unusual color is caused in some instances by the presence of red iron oxide which acts as a cement, binding the sand grains together. Solutions, positions PLATINUM as the leader in the repository technology market," said Andrew J. Filipowski, 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 PLATINUM technology, inc. "By combining these repository solutions with our existing suite of products, PLATINUM now offers the most comprehensive data warehousing solution set on the market today." "PLATINUM's acquisition of RelTech and BrownStone Solutions creates the world's largest relational repository vendor, supporting well over 300 Fortune 500 clients world-wide. This union enables us to better direct our resources and provide support in the critical areas of data warehousing; multi-platform and multi-DBMS data management; full life-cycle application management; and management of the exploding object technology market," said Tom DePasquale, president of RelTech. "With this combination of product and talent, PLATINUM becomes a market leader in empowering organizations with support for end-user access, decision support, and management of data in a distributed environment." PLATINUM is currently reviewing both the BrownStone and RelTech repository offerings, and will soon announce engineering plans and timing for an integration strategy. The goal will be a best-of-breed repository offering called the PLATINUM Objectory, which will serve as the heart of PLATINUM's P.O.E.M.S. systems management architecture and as the metadata brain of the PLATINUM Warehouse, the company's data warehousing schema. A major challenge for IT managers will be to construct data warehouses for the Open Enterprise Environment (OEE OEE Overall Equipment Effectiveness OEE Office of Energy Efficiency (Canada) OEE Overall Equipment Efficiency OEE Office de l'Efficacité Énergétique (Office of Energy Efficiency - Canada) ) -- the networked computing environment that includes MVS-, UNIX-, and Windows-based platforms and may also include VMS (1) (Virtual Memory System) A multiuser, multitasking, virtual memory operating system for the VAX series from Digital. VMS applications run on any VAX from the MicroVAX to the largest unit. See OpenVMS. , AS400, and OS/2 systems. The development of PLATINUM Warehouse, the company's data warehousing architecture, aims to solve the need for a total warehousing solution by offering an integrated suite of products and professional consulting services that enable customers to meet the demand of third party data warehouse integration. "By acquiring RelTech's robust support for relational and non- relational environments, PLATINUM is enhancing the repository technology required for centralizing all information needed to manage what we call the Open Enterprise Environment," said Filipowski. "The OEE, the heterogeneous computing network that now exists in most corporations today, causes a new set of management problems for IT managers and we intend to help them solve these problems." The acquisition of RelTech advances PLATINUM's strategy to provide comprehensive, integrated management solutions for the OEE by offering best- of-breed products that can be used individually or integrated into a comprehensive management solution. PLATINUM will use RelTech's and the newly acquired BrownStone Solutions' repository technology to create a central object repository (objectory) for systems management information, including metadata about all operational and warehouse systems, as well as all objects required to manage heterogeneous computing environments. This objectory will tie all systems management and data warehousing activities together. Additionally, the RelTech Services Group will be a fundamental part of data warehouse consulting in PLATINUM's newly formed professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. division. About RelTech RelTech is comprised of two divisions: RelTech Products, which develops and sells its product, DB EXCEL, and RelTech Services, an Information Resource Management (IRM (1) (Information Resource Management) See Information Systems and information management. (2) (Inherited Rights Mask) In NetWare 3.x and 4. ) consulting practice. RelTech's DB EXCEL toolset is the market's leading repository and data dictionary, with easy-to-use edit facilities available for ISPF (Interactive System Productivity Facility) A full-screen editor from IBM for writing application programs. It is also used to develop dialogs for interactive terminal sessions. , OS/2 PM, and Microsoft Windows. Organizations typically implement DB EXCEL to solve a combination of five basic needs: legacy system documentation, CASE model management, data warehousing, migration to client/server, and traditional data dictionary support. RelTech Services is a premier provider of data warehouse, repository, and information resource management consulting services and has performed consulting to over fifty companies worldwide. PLATINUM's Strategic Direction The acquisition of RelTech is an integral component of PLATINUM's open enterprise systems management (OESM OESM Open Enterprise Systems Management (Platnum Technology Inc.) ) strategy. OESM ties together critical management functions of both MVS (Multiple Virtual Storage) Introduced in 1974, the primary operating system used with IBM mainframes (the others are VM and DOS/VSE). MVS is a batch processing-oriented operating system that manages large amounts of memory and disk space. and client/server systems. PLATINUM will help information systems executives manage their open enterprise environments by linking the data management, network management, job management, production management, database administration, back-up and recovery, security, program management, help desk and transaction management functions. This planned acquisition is a key part of PLATINUM's strategy to rapidly move into systems management and data warehousing. The company also recently announced plans to merge with Trinzic Corporation, a major developer of application development, data warehousing, and client/server tools and services. The company also recently completed the acquisitions of BrownStone Solutions, Inc., a vendor of client/server repository technology; SQL SQL in full Structured Query Language. Computer programming language used for retrieving records or parts of records in databases and performing various calculations before displaying the results. Software Corporation, a provider of Windows-based development tools for managing multiple relational databases; Viatech Development, a provider of electronic software distribution tools; and Autosystems Corporation, a UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). job management tool supplier. Already the leader in DB2, client/server relational database management tools, and data warehousing, PLATINUM now offers a comprehensive line of products and services to help corporations manage their Open Enterprise Environment. For accounting purposes, the transaction is being handled under the purchase method. PLATINUM technology anticipates allocating a significant portion of the purchase price to acquired in-process technology, resulting in a charge to the Company's operations in the first quarter of 1995. CONTACT: PLATINUM technology, inc. Michelle Edelman, 708/620-5116, ext. 1730 Copithorne & Bellows David Kitchen/Wendy DeFeudis, 617/252-0606 |
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