Printer Friendly

IIS EXPANDS MIDRANGE FOCUS WITH PURCHASE OF PRODUCTS BUSINESS FROM DECISION DATA

 HAIFA, ISRAEL, Feb. 10 /PRNewswire/ -- I.I.S. Intelligent Information Systems, Limited (NASDAQ-NMS: IISLF) announced that its U.S. subsidiary, IIS Inc., has completed the acquisition of the System 3X and AS/400 products business from Decision Data, Inc. The completed transaction includes selected assets of the IBM-compatible peripherals products business of Decision Data for approximately $17 million in cash and other considerations. The acquisition was financed from internal corporate funds and existing credit facilities of I.I.S., and its wholly owned subsidiary, IIS Inc.
 "I am excited about this direction for the company," said Tom Bednarik, Chairman of the Board and President. "We see this acquisition as a very positive step for the more than 12,000 Decision Data customers. We will work extensively towards full integration of the business to achieve the appropriate levels of efficiency, scales of economy, and in bringing a full range of competitive products to market. Over the coming months the current Decision Data product line will be augmented by newly developed networking and communication products with an emphasis on functionality, performance, quality, and exceptional value."
 IIS has acquired all Decision Data plug-compatible hardware -- including communication controllers, terminals, DASD, tape, and printers. Decision Data will provide ongoing sales support and product continuity to Decision Data customers. Additionally, the Company has entered into an exclusive, five-year agreement with Decision Data Service to provide maintenance and service support for Decision Data products to the customer base.
 I.I.S. is headquartered in Haifa, Israel, with sales and service offices worldwide. The Company does business in the United States as Decision Data and Lee Data, divisions of IIS Inc. I.I.S. designs, develops, manufactures, markets and services a full range of communication, networking, and peripheral products. These products access a variety of hosts, local area networks and wide area networks within IBM and DEC midrange and mainframe environments.
 -0- 2/10/93
 /CONTACT: LeAnn Castillo or Kelly Slater of I.I.S., 612-828-0400/
 (IISLF)


CO: I.I.S. Intelligent Information Systems, Limited; Decision Data ST: Minnesota IN: CPR SU: TNM

DS -- MN003 -- 5019 02/10/93 09:13 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 10, 1993
Words:354
Previous Article:STATESWEST ANNOUNCES JANUARY OPERATING RESULTS
Next Article:UTILICORP OFFERS 4.6 MILLION SHARES OF COMMON STOCK
Topics:


Related Articles
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS SECOND QUARTER RESULTS
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED ANNOUNCES THREE-FOR-ONE STOCK SPLIT IN THE FORM OF A STOCK DIVIDEND
I.I.S. INTELLIGENT INFORMATION SYSTEM LIMITED REPORTS FIRST QUARTER RESULTS
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED ANNOUNCES PUBLIC OFFERING
OHIO AWARDS LEE DATA AN ESTIMATED $6.4 MILLION CONTRACT TO PROVIDE NETWORKING CONTROLLERS AND PERIPHERALS FOR THE DEPT. OF HUMAN SERVICES
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS YEAR END AND FOURTH QUARTER RESULTS
DECISION DATA SERVICE ACQUIRES SERVCOM ASSETS AND NAME; MAJOR ACQUISITION WILL ADD OVER $60 MILLION IN REVENUE
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS YEAR END AND FOURTH QUARTER RESULTS
I.I.S. INTELLIGENT INFORMATION SYSTEMS LIMITED REPORTS FIRST QUARTER RESULTS
Digital Biometrics Announces Reseller Agreement With Data General

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters