Colorado Springs, Colo., Dec. 15, 1999 GoldMine Software Corp., a leading provider of mid-range internal help desk and customer relationship management solutions, announced that it has entered into an agreement with Peregrine Systems Inc., a leading provider of enterprise infrastructure management software and e-infrastructure solutions, that grants GoldMine worldwide master value-added reseller (VAR) status for a number of Peregrine Systems products to be sold in concert with GoldMine's HEAT help desk software, sales force automation software and CRM solutions. The alliance includes joint marketing between GoldMine and Peregrine Systems and permits GoldMine's more than 2,000 VAR partners, certified on HEAT, to resell Peregrine Systems products. As part of the agreement, Peregrine Systems will acquire a minority interest in GoldMine based on a GoldMine market valuation of about $800 million.
Under terms of the VAR agreement, GoldMine will immediately distribute a subset of Peregrine Systems InfraCenter for Workgroups, focused on the benefit of both asset management and knowledge management. GoldMine also will soon integrate HEAT with Peregrine Systems Infrastructure Management solution that manages IT assets through their entire lifecycle. Combining GoldMine's HEAT software and Peregrine Systems asset management software makes for a robust and comprehensive help desk and infrastructure management solution. Existing GoldMine HEAT customers may take advantage of this new offering by adding Infrastructure for Workgroups functionality to their core HEAT product, and current GoldMine asset management customers will have the opportunity to receive a free license swap into the Peregrine Systems asset management solution.
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