Viasoft Acquires Exclusive Rights to SHL TRANSFORM Product Line.PHOENIX--(BUSINESS WIRE)--Aug. 3, 1998-- Acquisition Will Expand Viasoft's Leadership in Life Cycle Application Management and Productivity Improvement With Powerful Tools, Services and Best Practices Viasoft, Inc. (Nasdaq NM: VIAS VIAS Victorian Institute of Animal Science VIAS Visualization Information Archival/Retrieval Service (National Center for Supercomputing Applications) VIAS Vietnam Institute for America Studies ), a leading provider of business solutions to help companies manage and evolve their information technology assets, announced today that it has acquired the exclusive worldwide marketing and development rights to SHL TRANSFORM See Visual Process. , the knowledge-driven process management The automation of process management using a rule-based expert system that invokes the appropriate tools and supplies necessary information, checklists, examples and status reports to the user. See BPM. and productivity software toolset and its integrated process management methodologies, from the Online Knowledge Group (OKG OKG, n.pr See ornithine alpha-ketoglutarate. ) of Canadian-based SHL SHL Shift Logical Left SHL Schweizerische Hochschule für Landwirtschaft (German: Swiss College of Agriculture) SHL Southern Hockey League SHL Silver Haired Legislature SHL Single Hidden Layer (neural networks) Systemhouse Co. In addition to the process management technology of SHL TRANSFORM, Viasoft will hire the staff responsible for development and support of the SHL TRANSFORM tools. The company will also assume maintenance and support obligations for existing customers of SHL TRANSFORM. Systemhouse retains the right to use SHL TRANSFORM for its own internal use and in its consulting business and will continue to develop the SHL TRANSFORM methodologies for sale by Viasoft. Viasoft plans to integrate the SHL TRANSFORM technology and methodology into its entire product and service lines, including its year 2000, euro, data warehouse management and application modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, and extension solutions. "This agreement is an important component of Viasoft's strategy to strengthen our leadership role in providing innovative solutions to modernize mod·ern·ize v. mo·dern·ized, mo·dern·iz·ing, mo·dern·iz·es v.tr. To make modern in appearance, style, or character; update. v.intr. To accept or adopt modern ways, ideas, or style. and extend the IT applications that drive today's businesses Today's Business is a show on CNBC that aired in the early morning, 5 to 7AM ET timeslot, hosted by Liz Claman and Bob Sellers, and it was replaced by Wake Up Call on Feb 4, 2002. ," said Steven Whiteman, Viasoft's Chief Executive Officer. "The cutting-edge tools and unparalleled process knowledge we are acquiring from SHL Systemhouse complement Viasoft's industry- proven solutions. Viasoft customers will benefit with the most advanced and comprehensive process management software solution for overcoming the challenges of constant change in today's application development environment." "At Systemhouse, we are committed to the use of SHL TRANSFORM in our client engagements," said Brian Campagnola, Sr. VP, Delivery Services, SHL Systemhouse. "This agreement allows Systemhouse to continue to leverage this tremendous tool to support Systemhouse projects, while at the same time providing SHL TRANSFORM users with maintenance 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 as well as new product releases from Viasoft, a leader in the field of IT asset management. This is truly a win-win for all concerned." The transaction is structured as an exclusive, worldwide perpetual source code license. Viasoft paid $6.5 million in cash for the license and related costs. Viasoft will also pay certain royalties to Systemhouse based on sales of methodology and training components. Viasoft anticipates allocating a substantial portion of the purchase price to acquired in-process technology, resulting in a significant charge to the Company's operations in the quarter ending September 30, 1998. About SHL Systemhouse and the Online Knowledge Group SHL Systemhouse, The Network Enterprise Company, is MCI's global information technology services company. The industry's only single-source provider of convergence products and services that address businesses' total networking, communications and consulting needs, SHL Systemhouse has 120 offices and approximately 9,400 professionals worldwide. With a comprehensive offering of Network Enterprise solutions and services for the new millennium, Systemhouse serves major corporate, mid-sized and public sector clients throughout North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Europe and Asia. The Online Knowledge Group was established by Systemhouse in 1991 to develop a knowledge-driven process management environment that would provide IT development staff with online knowledge necessary to the successful development of enterprise applications. The resulting product, SHL TRANSFORM, integrates proven methodologies, best practices and award-winning, just-in-time training with industry-leading process and project management tools. About Viasoft Viasoft is a leading provider of business solutions, consisting of integrated technology and specialized professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. , designed to enable customers worldwide to cost-effectively manage and evolve their information technology assets. Viasoft's flagship products A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. are the Existing Systems Workbench(R), a comprehensive, integrated toolset that enables the management of existing systems; Rochade(TM), an enterprise repository environment; and the OnMark 2000(TM) suite of tools for the desktop and client/server year 2000 challenge. Headquartered in Phoenix, Ariz., Viasoft provides sales and service through regional offices in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Europe, Australia, the Asia/Pacific region and a growing network of international subsidiaries and distributors. For more information on Viasoft's products and services, please visit the Company's World Wide Web site at www.viasoft.com. (C) 1998 Viasoft, Inc. All Rights Reserved. Viasoft(R) is a registered trademark of Viasoft, Inc. All product names are trademarks or registered trademarks of their respective companies. The statements made in this press release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, market demand and acceptance, the impact of competitive products and services, risks associated with results and timing of technology development and commercialization, the Company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions including risks inherent in international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and the ability to attract and retain technical personnel, risks associated with, as well as the Company's ability to manage, a consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" business and other risks detailed from time to time in the Company's Securities and Exchange Commission filings.
CONTACT: Viasoft, Inc.
Judy Redman, 602/667-2849
judy_redman@viasoft.com.
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