Press Release: Informix to acquire Red Brick Systems
Alexey Bespaliy
Warehouse Solutions
-Informix Announces Definitive Agreement to Acquire Red Brick-
MENLO PARK, Calif. October 7, 1998 Informix Corporation (NASDAQ: IFMX), the
technology leader in enterprise database-powered solutions, today announced
the signing of a definitive agreement to acquire Red Brick Systems,
Inc.(NASDAQ: REDB), The Data Warehouse CompanyO. Today's agreement
anticipates combining two companies that share a common corporate vision of
providing open end-to-end solutions for customers' decision support needs
and a culture of technical innovation that solves the most complex data
warehousing problems. The complementary strengths of Informix and Red Brick
will provide customers with industry leading decision support solutions to
gain maximum competitive advantage.
Under the terms of the agreement, each share of Red Brick common stock will
be exchanged for 0.6 share of Informix common stock. The transaction will be
accounted for as a purchase. Based on the closing sales price of Informix
common stock on Wednesday, October 7, the number of outstanding shares of
Red Brick common stock and the number of Red Brick options assumed by
Informix, the transaction is valued at approximately $35 million. The
transaction is expected to close before the end of the year and is subject
to the satisfaction of several conditions, including regulatory approval,
the approval of Red Brick stockholders and completion of an independent
audit of Red Brick's financial results for the first three quarters of 1998.
Informix intends to sell and support the Red Brick product portfolio, and to
integrate this portfolio into the Informix Decision Frontier product line
following the purchase.
"We intend to offer the market the most comprehensive data warehousing
solutions in the industry," said Bob Finocchio, Informix CEO and president.
"Through this acquisition of Red Brick, we are combining the most powerful
data mart and data warehousing technology and consulting expertise,
outstanding partnerships and expert distribution channels into one company
focused on our customers' success."
"The combined strength of Red Brick and Informix will benefit our customers,
partners and stockholders," commented Christopher Erickson, CEO and
president of Red Brick. "Red Brick's proven scalable data mart products,
technology, and solutions expertise enhance Informix's data warehousing
strategy. Together with Informix, our greater resources promise to protect
customer investment and deliver the leading complete solution for the data
warehousing market."
When the purchase is complete, Red Brick research and development, marketing
and data warehouse consulting organizations will be folded into the Informix
Data Warehousing Division, managed by Leonard Palomino, vice president and
general manager. The Red Brick customer support organization will be
integrated with the Informix customer support organization, Red Brick
general and administrative will be integrated into the appropriate Informix
organizations and the Red Brick sales force will move into the Informix
sales organization.
This announcement is the most recent of several decisive steps Informix has
taken in executing its core growth strategy to build leadership in data
warehousing, high-performance OLTP and Web/E-Commerce.
About Informix
Informix Corporation, the world's database technology leader based in Menlo
Park, California, provides innovative database products that assist the
world's major corporations attain competitive advantage. Informix is widely
recognized as the technology leader for corporate computing environments
ranging from small workgroups to very large parallel processing
applications. Informix's database server, application development tools,
superior customer service, and strong partnerships enable the company to be
at the forefront of major information technology solution areas including
data warehousing, high performance OLTP, and Web/E-Commerce. For more
information, contact the sales office nearest you or visit our Web site at
http://www.informix.com.
About Red Brick
Red Brick is a premier provider of data warehousing solutions. Through Red
Brick DecisionScapeSM, a comprehensive, integrated environment of products,
services, methodology and partnerships, Red Brick helps its customers and
partners improve the quality, speed and accuracy of their business
decision-making. Red Brick's leading expertise and innovative,
server-integrated technology deliver scalable decision support solutions for
data warehousing, data marts, OLAP and data mining.
###
¿1998 Informix Corporation. All rights reserved. The following are
trademarks of Informix Corporation or its affiliates: InformixR, the
Informix logo is registered with the United States Patent and Trademark
Office.
Information about Red Brick is available on the World Wide Web at
www.redbrick.com. News releases and corporate background information may
also be retrieved by fax. For an index of available materials, please call
(800) 758-5804, and enter PIN #105756. Red Brick, the Red Brick logo, and
The Data Warehouse Company are registered trademarks, and Red Brick
DecisionScape is a service mark and trademark of Red Brick Systems, Inc.
All other trademarks are the property of their respective owners.
This public announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
forward-looking statements are subject to certain risks and uncertainties
that could cause actual results to differ materially from historical results
or anticipated results. Investors and potential investors should review
carefully the description of the risks and uncertainties which, together
with other detailed information about Informix Corporation, is contained in
the periodic reports that Informix files from time to time with the
Securities and Exchange Commission.
The risks and uncertainties include, but are not limited to: the ability to
successfully integrate the Company's and Red Brick's operations; the
restatements of the Company's financial statements; growth rates,
fluctuations in quarterly results and the seasonality of the Company's
business; the Company's dependence upon and ability to attract and retain
qualified personnel; risks and uncertainties associated with preferred stock
financings; competition and technological changes in the Company's business;
international operations and currency fluctuations; the Company's dependence
upon proprietary technology; the potential need for additional financing;
and pending private securities litigation.
This public announcement contains information that is accurate as of October
7, 1998, the date of the public announcement. The Company disclaims any
obligation to update or correct the information as a result of financial,
business or any other developments occurring after October 7, 1998.
Shulzhenko Vasyl
Alexey Bespaliy пишет в сообщении <6vhplq$fek$1...@news.lucky.net> ...
>Informix Adds World-Class Data Mart Capability to Industry Leading Data
>Warehouse Solutions
>
>-Informix Announces Definitive Agreement to Acquire Red Brick-
Ну теперь то Информикс как даст Красным Кирпичем всем конкурентам по роже :)))
Никакие Предсказания, Синхронизированные и Половинчатые Базы не помогут :))