KNOWLEDGEWARE ACQUIRES VIEWPOINT SYSTEMS
KNOWLEDGEWARE ACQUIRES VIEWPOINT SYSTEMS ATLANTA, June 11 /PRNewswire/ -- KnowledgeWare, Inc.
(NASDAQ-NMS: KNOW) today announced that it has acquired Viewpoint Systems.
KnowledgeWare acquired all the stock of Viewpoint for a total price of $4,500,000, payable $2,500,000 in cash at closing with the balance payable in cash over 24 months. Based in San Mateo, Calif., Viewpoint currently markets two personal computer-based software products for graphical user interface (GUI) development. Flashpoint is a Microsoft Windows-based software development tool to create graphical user interfaces for existing host- based applications. Accesspoint is a Microsoft Windows-based tool for querying and reporting on information stored in DB2 or a variety of SQL server database management systems. "KnowledgeWare has made a number of small acquisitions over the past 12 months, targeted at supporting the long-term strength of our product portfolio," said KnowledgeWare Chairman and CEO Francis A. Tarkenton. "Client/server computing, cooperative processing, and graphical user interface development represent a major challenge for our customers, and therefore an opportunity for KnowledgeWare to provide solutions. With the addition of Flashpoint and Accesspoint to our recently announced ADW/Construction Workstation-GUI, KnowledgeWare adds to its ability to meet expanding market requirements for GUI development tools." KnowledgeWare President and COO Donald P. Addington stated: "Our customers are looking for KnowledgeWare to provide leadership and solutions in the graphics, client/server, and cooperative processing arenas and to support their migration to these technologies. Flashpoint and Accesspoint complement KnowledgeWare's Application Development Workbench product line, so we provide solutions for the predominant GUI development needs in the marketplace. In addition to Flashpoint and Accesspoint, the Viewpoint acquisition brings us a capable Windows development team, an asset in today's CASE market, as well as a Silicon Valley-based development facility. "This acquisition rounds out our AD/Cycle offerings with the Windows support that our customers are requesting," Addington said. "We will continue to build application development solutions for AD/Cycle, and for the broader CASE market as well." Viewpoint was founded in 1988 and has approximately 40 employees. KnowledgeWare develops, markets and supports CASE tools for use by information systems development professionals. The company was founded in 1979 and markets its products in over 32 countries around the world. KnowledgeWare is a member of the IBM International Alliance for AD/Cycle. -0- 6/11/92 /CONTACT: Marcia Sherwin of KnowledgeWare, 404-231-8575, ext. 2199/ (KNOW) CO: KnowledgeWare, Inc.; Viewpoint Systems ST: Georgia, California IN: CPR SU: TNM
EA-BN -- AT001 -- 9054 06/11/92 07:30 EDT
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|Date:||Jun 11, 1992|
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