BACHMAN ANNOUNCES SIGNING LETTER OF INTENT TO ACQUIRE THE CAPITAL STOCK OF WINDTUNNEL SOFTWARE, INC.
BURLINGTON, Mass., Nov. 19 ~PRNewswire~ -- Bachman Information Systems, Inc. (NASDAQ-NMS: BACH) today announced it has signed a letter of intent to acquire the outstanding capital stock of WindTunnel Software, Inc. for 650,000 shares of BACHMAN common stock. WindTunnel, headquartered in Chicago, develops, markets and supports Performance Architek, a performance modeling tool used during the design phase to optimize application performance. WindTunnel has also developed an interface to the BACHMAN~Database Administrator automating access to database design parameters necessary for performance modeling. "Performance Architek will be a strategic addition to the BACHMAN product set," said Arnold A. Kraft, president and chief executive officer, Bachman Information Systems, Inc. "We see performance modeling as an integral part of the development process, particularly as customers begin to design distributed applications. WindTunnel's technology and experience will give BACHMAN customers the ability to optimize application performance in distributed environments." "Our relationship with BACHMAN will provide us with key development and marketing resources to fully exploit the application performance modeling market," said Raymond S. Venoski, president, WindTunnel Software, Inc. "The combination of BACHMAN's Model Driven Development architecture with Performance Architek will help companies succeed in an increasingly complex development and design environment." The acquisition will be accounted for as a pooling of interest and is expected to be completed by March 1993. This transaction is subject to the preparation of a definitive acquisition agreement and its approval by the WindTunnel shareholders. Prior to the completion of the acquisition, BACHMAN will immediately begin marketing WindTunnel's product under a reseller agreement. Headquartered in Burlington, Mass., Bachman Information Systems, Inc. develops, markets and supports an integrated line of software solutions that enable the rapid development, maintenance and migration of enterprise-critical business information systems. WindTunnel Software, Inc. is a privately held company headquartered in Chicago, Illinois, founded in 1988 as Apriori Systems, Inc. WindTunnel provides performance modeling software and services that pinpoint potential performance problems at the design stage. The software models mainframe, distributed and LAN applications. -0- 11~19~92 ~CONTACT: Linda Sadowski, BACHMAN Investor Relations, 617-273-9003, ext. 185, Kim Sarkisian, BACHMAN Public Relations, 617-273-9003, ext. 631~ (BACH)
CO: Bachman Information Systems, Inc. ST: Massachusetts IN: CPR SU:
CN -- NE018 -- 3153 11~19~92 17:44 EST
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|Date:||Nov 19, 1992|
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