MDSI MOBILE DATA SOLUTIONS INC. ACQUIRES ASSETS OF TTI TECHNOLOGIES INC.
VANCOUVER, British Columbia, Jan. 10 /PRNewswire/ -- MDSI Mobile Data Solutions Inc. is pleased to announce that it has, by agreement dated Dec. 30, 1993, acquired the assets of TTI Technologies Inc. (TTI) from AGS, a division of NYNEX. Under the terms of the agreement, TTI has sold all of its assets relating to its computer-aided dispatch software business. In addition, MDSI has engaged the services of TTI's key employees. The assets acquired by MDSI included all software, including source code and related technology, all trademarks, all customer warranty, support, maintenance and development agreements, and sundry computer and office equipment. MDSI will continue the operations of TTI out of the Tampa, Fla., office under the name Mobile Data Solutions Inc. MDSI will continue to support and service TTI's former customers, representing six installed utilities. "The acquisition of the assets of TTI will increase our utility industry market share and consolidate MDSI's leadership position in this industry," said MDSI's president and chief executive officer, Erik Dysthe. "MDSI's corporate goal is to remain the leading supplier of Mobile Data dispatch systems to the North American utility industry by aggressively marketing our applications software products and related services to its target market and continuing internal development of new dispatch system products. TTI's installed base of six large utility systems, when added to MDSI's existing installed base of 17 North American utilities, reinforces our industry leadership." TTI is an application software provider and systems integrator with the capability to deliver an entire automated dispatching and mobile data solution. As a systems integrator, the company has the expertise and resources to assume the prime contractor responsibility for a dispatching project. TTI has developed a computer-aided dispatching and mobile data system called Mobile Digital Exchange (MDX) which runs on IBM AS400 computers. TTI has also developed an order scheduling system (OSS) which resides on a utility's mainframe computer. TTI focuses on gas and electric utility information products and services and was MDSI's prime competitor in North America. MDSI is an application software provider and systems integrator in the data-communications-over-radio business. MDSI owns, develops, markets, installs and services Utility Computer-Aided Dispatch System (U-CAD) software for mobile service fleets in the electric and gas utilities and cable television industries. The U-CAD system runs on IBM RS 6000 computers under the UNIX (AIX) operating system. MDSI personnel represent some of the original developers and innovators of mobile data technology and constitute one of the most highly experienced and proficient teams in the industry. MDSI is headquartered in Richmond, British Columbia. -0- 1/10/94 /CONTACT: Erik Dysthe, 604-270-9939, or Brent James, VP, general manager, 813-884-7050/
CO: MDSI Mobile Data Solutions Inc.; TTI Technologies Inc. ST: British Columbia, Florida IN: TLS CPR SU: TNM
JM-LS -- LA038 -- 0761 01/10/94 18:26 EST
|Printer friendly Cite/link Email Feedback|
|Date:||Jan 10, 1994|
|Previous Article:||EZCONY INTERAMERICA ANNOUNCES FIRST AND SECOND QUARTER REVISIONS|
|Next Article:||NEVADA POWER CONTINUES OPEN-DOOR POLICY|