Platinum Equity Acquires Gupta Technologies, LLC - E-business Division of Centura Software Corporation.Business Editors LOS ANGELES--(BUSINESS WIRE)--March 2, 2001 First Quarter Growth Surges with Acquisition of World-Renowned Web Application Development Business, Fueling Platinum's Portfolio of Leading Technology Companies Platinum Equity Platinum Equity is an American information technology and private equity firm. It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California. , a leader in acquiring and growing technology companies, has acquired Gupta Technologies Gupta Technologies, LLC is a software development company. Their principle products are the SQL relational database SQLBase, and a Rapid application development system called Team Developer. , LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an e-Business products and services business of Centura(R) Software Corporation (Nasdaq:CNTR CNTR Center CNTR Container CNTR Control CNTR Counter ). Gupta Technologies has revenues of $35 million and operations in five offices worldwide. Platinum's swift acquisition of the enterprise level application development business comes approximately one month after the announcement of signing a definitive agreement. The acquisition includes the license to operate the business under the Centura (R) name. "The acquisition of Gupta Technologies allows Platinum to enter the Internet development and database tool applications space with products that are highly recognized by loyal customers throughout the world," said Tom T. Gores, 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 Equity. Robert Joubran, Gupta Technologies' acting CEO and Platinum Equity's treasurer and senior vice president of portfolio operations commented, "We are very eager to work with the Gupta team. Our ability to quickly close on the Centura acquisition provides us with a unique ability to drive new strategies beginning right away, on day one." Throughout the 60-120 day transition period, the existing management operations will continue to flow through Mike Scott, a Platinum executive and Gupta Technologies' acting COO. Scott commented, "Our immediate focus will be on serving the thousands of customers and key partners that exist today throughout the world. With our efforts to enhance the customer and employee bases, we're confident that we can achieve measurable growth and improved systems." The e-Business division features principal products including SQLBase(R) and Centura Team Developer See Team Developer. (CTD CTD 1 Connective tissue disease, see there 2 Cumulative trauma disorder, see there ) 2000. SQLBase(R) is the only 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. in the market with the highest level of security, with over 1,000,000 copies in use throughout the world. CTD 2000 is the premier development environment for building strategic, e-Business and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings systems. The division distributes through direct and indirect sales channels to customers including Baan, AT&T, CAM Data Systems and Avaya. The division is being sold in order to sharpen a shift in Centura's strategic focus in the mobile, wireless and embedded markets. The Company will continue to be based in 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 Platinum will operate it as a stand-alone entity. Platinum Equity acquired five companies in the fourth quarter of 2000, fueling its growth and reputation as a leading mergers and acquisitions firm in the US. The five companies include Billing Concepts, Aptis, Operator Service Company, Lanier Healthcare and Infocus Employee Services. In addition, Platinum expects to announce its acquisition of Williams Communications Solutions, a fully integrated, $1.3 billion telecommunications services business on March 31, 2001. Platinum Equity Platinum Equity (www.peh.com) is one of the largest and fastest growing, private equity firms in the United States. Platinum is a multi-billion dollar organization specializing in the acquisition and operation of global, mission-critical technology companies. Based in Los Angeles, Platinum is a unique company recognized as a hybrid financial and strategic buyer with deep financial resources and broad operational expertise. Due to their highly skilled executive management team, Platinum is able to stimulate and help drive the value of their portfolio companies. Since the company's founding in 1995, Platinum has acquired more than 25 technology-driven companies and several billion dollars of revenue from leading Fortune 500 Corporations including WorldCom, AT&T, Viacom, Dow Jones & Company and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . Platinum has an established infrastructure in North America, Europe, Asia and South America and a workforce of more than 10,000 employees serving tens of thousands of customers throughout the world. All Platinum companies operate as stand-alone entities and are lead by their own management teams. Centura Software Corporation Headquartered in Redwood Shores, Calif., Centura is the leading global provider of solutions that mobilize the enterprise. The company's suite of integrated mobile enterprise products enables secure, real-time business across an array of devices. Developers and IT decision makers worldwide have relied on Centura's rich and innovative technology offerings and its world-class professional services since 1984. The company integrates its solutions in various business systems worldwide, including healthcare, manufacturing, telecommunications and financial industries for customers such as ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , Merck, Xerox, Hewlett-Packard, Deutsche Bank and Southern Company. Centura has 19 offices worldwide, including locations in North America, Latin America, Asia/Pacific, Europe, the Middle East and Africa Europe, the Middle East and Africa, usually abbreviated to EMEA, is a regional designation used for government, marketing and business purposes. It is particularly common amongst North American based companies, who often divide their international operations into the . For more information about Centura, visit http://www.centurasoft.com. |
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