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Crystallize and Tickmark Solutions Announce Merger; Merged Company Focuses on Applications Management.

Business & High-Tech Editors

Crystallize, Inc., and Tickmark Solutions, Inc., both leading providers of Oracle Applications management software for the Fortune 1000, today announced the merger of the two companies.

The combined new company provides a comprehensive suite of software products that allow the users of Oracle eBusiness Applications to better manage their applications on a daily basis, significantly extend their system's functionality, and adapt to changing business conditions by automating traditionally manual tasks. Over the coming months, the two companies will merge all aspects of their operations, and will announce a new company name reflecting their shared vision and broader product line in October 2002.

Robert Markese, CEO of Crystallize, will become the CEO of the merged company, whose headquarters will remain in Ann Arbor, MI. "We are tremendously excited about joining Tickmark and Crystallize to form a unique company that specializes in providing the market's broadest portfolio of high-value tools for applications management," Markese said. "We have loyal, highly satisfied customers and we will continue to enhance the outstanding support that we are known for providing. Our goal is to radically simplify the way companies manage their enterprise applications, helping them to truly do more with less and realize the full value of their complex, expensive ERP systems."

Mark Nelson, CEO and a co-founder of Tickmark, will manage business strategy and merger integration. "While companies have long recognized the need for software products to manage their databases, our mission is to provide an analogous suite of products to manage their enterprise applications," Nelson said. "Companies rely on these large enterprise applications to run every critical aspect of their core business, and our products are designed to enhance their performance, and to streamline, automate, and manage their complexity."

The merger marks a significant milestone in a long-term strategy to systematically build the category leader in the newly defined market for application management software.

"We have long envisioned building the premiere one-stop supplier of enterprise software products designed specifically to handle the day-to-day management of enterprise applications," said John Abraham, a member of the Crystallize Board of Directors and a Partner at Battery Ventures, the company's lead investor. "Crystallize and Tickmark together form a great team with a shared vision, complementary products and a common set of customers and prospects. We're creating a major new force in the growing market for practical answers to the issues inherent in complex ERP systems."

The combined company will continue operating from both its New York and Ann Arbor, MI headquarters. Additionally, the new company will leverage an expanded network of regional sales offices to enhance customer service and support.

The new company's suite of enterprise application management software includes Tickmark Setup Reporter, to provide version control for configuration setups; FlexChanger, to change the chart of accounts structure; DataCleanser, to identify and eliminate duplicate information; DownSizer, to create smaller test environments and minimize storage requirements; and XpressArchiver, to archive and purge old transactions.

About Crystallize

Crystallize(TM) is the premiere provider of software for optimizing enterprise applications, enabling organizations to rapidly implement business change driven by mergers and acquisitions, corporate reorganizations, divestitures, and eBusiness initiatives, without the need for traditional manual programming. Crystallize serves a customer base that includes global leaders in telecommunications, manufacturing, and technology markets. A member of the Oracle Partner Program, Crystallize has its headquarters in Ann Arbor, Michigan. More information can be found at www.CrystallizeS.com.

About Tickmark Solutions

Tickmark is the leading provider of configuration management software for Oracle Applications environments. By tracking changes to configurations, automating documentation, providing an audit trail, saving troubleshooting time, and minimizing unexpected results and downtime, Tickmark Setup Reporter brings order and control to complex ERP systems. A member of the Oracle Partner Program, Tickmark is headquartered in New York City. Additional information on Tickmark can be obtained by calling (212) 560-7878 or at www.tickmark.com.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 10, 2002
Words:643
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