Rocket Software Announces Completion Of Second-Step Merger with TCSI Corporation.Business Editors/High-Tech Writers NEWTON, Mass.--(BUSINESS WIRE)--March 13, 2003 Rocket Software, Inc., today announced that it has completed its acquisition of TCSI TCSI Transaction Code Status Indicator (telecommunications) TCSI Transaction Code Status Indicator (telecommunications billing) TCSI Tri-City Software, Inc. TCSI Transmitter Channel State Information Corporation, a leading provider of software products and services for the global telecom industry (Nasdaq: TCSI), pursuant to the Agreement and Plan of Merger, dated November 12, 2002. The first step was an all-cash tender offer to acquire all outstanding shares of TCSI at a price of $0.52 per share, completed on December 26, 2002, in which approximately 67% of the shareholders of TCSI tendered their shares. With the completion of the special meeting of stockholders on March 12, 2003, the second step of the merger, all outstanding shares of TCSI have been converted into the right to receive the same $0.52 cash price-per-share paid in the tender offer. As a result of the merger, TCSI is now 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 Rocket. Former TCSI stockholders will be receiving materials shortly to exchange their TCSI shares for merger consideration. "The completion of merger has enabled Rocket to expand its technology portfolio with the unparalleled quality and technical sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. that TCSI brings to the communications market. We welcome the addition of new leading-edge OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partners and telecom service providers to Rocket's customer base, and look forward to working with the very talented and experienced TCSI team in the years ahead," said Andy Youniss, 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 Rocket Software. TCSI will be operated as a division of Rocket Software under the direction of James Storey, Ph.D., who has been with TCSI management for the past 17 years. Peter Buckner, who has been with TCSI for 18 years, will remain as Chief Technologist for the new Rocket Operational Support System (OSS Oss (ôs), city (1994 pop. 62,141), North Brabant prov., S Netherlands; chartered 1399. It is a significant industrial center. Manufactures include meat products, chemicals, pharmaceuticals, electrical equipment, and metalware. ) Unit. "With the depth and stability of Rocket's strong OEM relationships behind us, the OSS Unit is positioned to realize the full potential of our complementary business lines, enhanced scale and global market presence," Dr. Storey noted. "We look forward to working together as a team to meet the needs of tier-1 customers by developing high-quality products that meet their business and technology objectives." About Rocket Software, Inc. Founded in 1990, Rocket Software, Inc. is an independent software development organization providing a broad spectrum of integrated, value-added software development and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to leading software original equipment manufacturers (OEMs) and directly to corporate customers worldwide. The company's current lines of business complement and extend strategic OEM offerings in the areas of business intelligence, relational databases, mobile and wireless computing, and operating system support. Rocket's current OEM relationships include 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) , RSA Security, Microsoft, NEC (NEC Corporation, Tokyo, www.nec.com, www.necus.com) An electronics conglomerate known in the U.S. for its monitors. In Japan, it had the lion's share of the PC market until the late 1990s (see PC 98). NEC was founded in Tokyo in 1899 as Nippon Electric Company, Ltd. and Avaya. Rocket Software is based in Newton, MA and employs more than 180 people worldwide. For more information, visit www.rocketsoftware.com. Rocket Software's new OSS Unit is a leading provider of software products and services for the global telecommunications industry. The OSS Unit's solutions enable telecom service providers, equipment manufacturers, enterprise network users and system integrators to deploy and manage network infrastructure and services through products that provide carrier-class service and network management capabilities. The unit's OSS software is installed in more than 300 networks around the world, and customers include a "Who's Who" of telecom players including China Telecom, Motorola, Lucent, NTT NTT Nippon Telegraph and Telephone Corporation NTT New Technology Telescope NTT National Technology Transfer, Inc NTT Name That Tune (TV game show) NTT National Tree Trust NTT Number Theoretic Transform and NEC. For more information, call +1.510.749.8500 or go to www.rocketsoftware.com/oss. |
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