Phoenix, Ariz., Aug. 2, 1999 -- On July 15,1999, Compuware Corporation and Viasoft, Inc. announced they entered into an agreement for Compuware to acquire Viasoft through a cash tender offer. A wholly owned subsidiary of Compuware offered to purchase any and all outstanding shares of Viasoft's common stock for $9 per share. The Boards of Directors of both Viasoft and Compuware approved the transaction.
Viasoft provides business solutions consisting of specialized professional services and award-winning software that is designed to enable customers worldwide to cost-effectively manage and evolve their information technology assets. Viasoft's suite of products and services - including its recently announced advanced e-commerce transformation product for IBM MVS Cobol applications - complement Compuware's testing and implementation solutions. Together the combined companies are expected to be ideally positioned to help large corporations deploy evolving technologies.
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