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Enterprise Software and Columbine JDS Systems Announce Merger.

Merger Creates Leading Provider of Business Systems and Services

For the Broadcasting and Advertising Industries

COLORADO SPRINGS, Colo. and DENVER, Aug. 30 /PRNewswire/ --

Enterprise Software, Inc. (Enterprise) and Columbine JDS Systems, Inc. (CJDS) today announced that they have combined their businesses in a stock-for-stock merger. The merger of Enterprise and CJDS creates a company that will be the leading global provider of broadcast and advertising business systems and services covering all major media outlets, including television, radio, cable, satellite and advertising agencies, and is well positioned to provide Internet-related products and services.

The Chief Executive Officer of the combined entity will be Barry Goldsmith, formerly CEO of Drake Automation (DAL). Paul Hillyard, formerly Group Finance Director of DAL, will join as Executive Vice President, reporting to Mr. Goldsmith. Mike Oldham, COO of CJDS and Rob McConnell, CEO of Enterprise will also report to Mr. Goldsmith. The combined company will have a worldwide total of approximately 1,000 employees. Existing customers include television, radio, cable and satellite broadcasters, advertising agencies and rep firms.

"We believe that the new company is poised to leverage the knowledge and experience of its predecessors so as to provide robust capabilities to manage Internet traffic and converged multi media campaigns," said Theodore Ammon and Steven Price, Co-Chairmen of the new group. "Our clients throughout the world will benefit from accelerated investment in leading edge technologies."

"The combination of Enterprise, CJDS and DAL creates a powerful force in the current and developing electronic media era. It brings with it an expanded customer base to which we can offer a full range of broadcast and cable management solutions and services," said CEO Barry Goldsmith. "The strengths of both Enterprise and CJDS in providing a global range of media distribution business systems, coupled with the automated delivery systems and services of DAL, will give our customers access to a comprehensive suite of technology solutions for broadcasters and ad agencies across all media. It also provides critical mass in terms of size, industry presence and management depth. By listening to and working with our existing and future customers, we will be able to provide the future products and services that they will need to meet the challenges of electronic media management and distribution for the ever-changing domestic and international market."

The combined entity's major shareholders will include Thomas H. Lee Partners, Blackstone Capital Partners III, Chancery Lane Capital, LiveWire Media and Evercore Capital Partners.

About Enterprise Software, Inc.

Enterprise Software, Inc. based in Colorado Springs, Colorado, with offices in Grand Rapids, MI, White Plains, NY, London, England and Sydney, Australia, is a developer of mission critical software for the broadcast industry. It is the parent company of Enterprise Systems Group, Ltd. and CCMS, recognized leaders in innovative broadcast management software systems and integrated media support services for television studios, radio stations, cable networks and cable systems. Enterprise is controlled by LiveWire Media, L.L.C., which was organized by Steven Price and Stuart Rosenstein. LiveWire Media's principal outside investors include Thomas H. Lee Partners, Blackstone Capital Partners III, Alpine Equity Partners, Nassau Capital Partners and Waller-Sutton Media Partners.

About Columbine JDS Systems, Inc.

Columbine JDS Systems, Inc. provides comprehensive technology solutions for the advertising buying/selling process within electronic media markets (broadcast television, cable, DBS, radio, streaming media, advertising agencies and national sales reps). CJDS offers one of the most complete arrays of business systems and with the acquisition last year of DAL can now offer complete automated transmission systems and services. CJDS products and services work for clients in all 50 United States, throughout Canada and in more than 40 countries worldwide. Founded in 1964, CJDS is headquartered in Denver, Colorado with offices in New York, New Jersey, Tennessee, Canada, the United Kingdom and Australia. CJDS' major investors include Thomas H. Lee Partners, Chancery Lane Capital and Evercore Capital Partners.
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Publication:PR Newswire
Date:Aug 30, 2000
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