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Vista Completes Acquisition of MDSI.


RICHMOND, British Columbia This page is for the city of Richmond, British Columbia. For the federal electoral district in this locality see Richmond (electoral district); for the provincial electoral district see Richmond (provincial electoral district).  -- MDSI MDSI Multiple (Destination) Digital Speech Interpolation
MDSI Mobile Data Solutions Inc.
MDSI Mountain Data Systems, Inc (Boise, Idaho) 
 Mobile Data Solutions Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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:MMD MMD Movement for Multiparty Democracy (Zambia)
MMD Make My Day
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MMD Myotonic Muscular Dystrophy
MMD Myotonic Dystrophy
MMD Mass Median Diameter
MMD Metal Matrix Diaphragm
)(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
:MDSI) ("MDSI") today announced the completion of the acquisition of MDSI by an investment vehicle managed by Vista Equity Partners ("Vista"), a transaction valued at approximately US$70 million. Shareholders of MDSI will receive US$8.00 per common share of MDSI, and holders of outstanding options to acquire shares of MDSI will receive the difference between US$8.00 and the exercise price of such options. MDSI is in the process of having its common shares delisted from the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 and from the NASDAQ National Market and expects to have the delistings completed by the close of market on September 23rd.

Information for Beneficial MDSI Shareholders

Those beneficial shareholders with MDSI common shares held through an intermediary such as a broker, investment dealer, bank, trust company or other nominee, do not need to physically deliver any share certificate(s) and should contact their intermediary for assistance in surrendering their MDSI common shares.

Information for Registered MDSI Shareholders

In August 2005, MDSI mailed a Letter of Transmittal Letter of Transmittal

A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
 to all registered shareholders. In order to receive the consideration, each registered MDSI shareholder is required to send their MDSI common share certificate(s), together with a properly completed and duly executed Letter of Transmittal to Computershare Investor Services Inc. at 100 University Avenue, 9th Floor, Toronto, Ontario, M5J 2Y1, Attention: Corporate Actions.

The Letter of Transmittal may be downloaded at www.sedar.com or www.sec.gov. It may also be obtained by contacting Computershare at the address above or by phone at 1-800-564-6253 or email at service@computershare.com. Any questions and requests for assistance may be directed by holders of MDSI common shares to Computershare.

Any registered shareholders who have lost their MDSI common share certificate(s) or whose certificate(s) have been destroyed or stolen, should complete an applicable Letter of Transmittal as fully as possible and forward it to Computershare to inquire about receiving replacement common share certificate(s).

About Vista Equity Partners

Vista Equity Partners currently invests $1 billion in capital committed to dynamic, successful technology-based organizations led by world-class management teams with long-term perspective. Vista is a value-added investor, contributing professional expertise and multi-level support toward companies realizing their full potential. Vista's investment approach is anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions, and proven management techniques that yield flexibility and opportunity in private equity investing. For more information, visit www.vistaequitypartners.com.

About MDSI

MDSI is one of the largest, most successful and experienced provider of mobile workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space.  software in the world. MDSI's software improves customer service and relationships and reduces operating costs operating costs nplgastos mpl operacionales  by allowing companies to manage field resources more effectively. Headquartered in Richmond, British Columbia, Canada, MDSI was founded in 1993 and has approximately 325 employees. MDSI has operations and support 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, and Australia. MDSI services approximately 100 customers and has licensed more than 80,000 field service users around the world. For more information, visit www.mdsi.ca.

This press release contains forward-looking statements that involve risks and uncertainties concerning the acquisition by Vista of MDSI. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties.

MDSI Mobile Data Solutions Inc. (TSX:MMD) (NASDAQ:MDSI)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CANA
Date:Sep 22, 2005
Words:559
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