Free press releases distribution network?

Agency / Source: Barrett Marketing

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Unify to Acquire Leading Archive and Records Compliance Provider AXS-ONE - Unify to Expand Technology Portfolio with Integrated Content Archiving Solutions [NASDAQ: UNFY] [OTC BB: AXSO] - Unify.com / BarrettMarketing.com
Unify to Acquire Leading Archive and Records Compliance Provider AXS-ONE

 

PRZOOM - /newswire/ - Roseville, CA, United States, 2009/04/20 - Unify to Expand Technology Portfolio with Integrated Content Archiving Solutions [NASDAQ: UNFY] [OTC BB: AXSO] - Unify.com / BarrettMarketing.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Unify Corp., a global provider of application development, database and migration products, today announced that it has entered into a definitive agreement to acquire AXS-One (OTCBB: AXSO), a leading provider of integrated content archiving software solutions. The acquisition, which is subject to approval by the stockholders of Unify and AXS-One, is expected to close by the end of Unify's fiscal first quarter, ending July 31, 2009.

Through the agreement, Unify will purchase all outstanding shares and debt of AXS-One in an all-stock transaction valued at approximately $8.0 million, based on Unify's closing stock price yesterday, subject to certain closing adjustments.

The acquisition is expected to create a more competitive, cost efficient company with a larger customer base, increased maintenance revenues and a significant growth potential. AXS-One's 2008 revenues were $13.4 million, up 12% over 2007, including approximately 48% recurring maintenance revenue. Based on the expense reductions previously implemented by AXS-One and the further cost savings expected post closing, Unify expects the transaction to be accretive on a non-GAAP basis by the end of its fiscal second quarter, ending October 31, 2009.

AXS-One will become a wholly-owned subsidiary of Unify, benefiting from Unify's financial stability, operational strength and distribution channel to accelerate its innovation and leadership in the integrated content archiving market as well as in the emerging e-mail migration market.
"The acquisition of AXS-One advances Unify's growth strategy to acquire superior technology companies that can leverage our technology strengths, extensive customer base and worldwide distribution channel," said Todd Wille, CEO of Unify. "The acquisition enables the combined company to meet a broader set of customers' needs, accelerate direct and channel sales, and achieve significant cost synergies, which we expect will increase Unify's revenue, profitability and stockholder value."

Bill Lyons, CEO of AXS-One, commented, "This transaction represents a tremendous opportunity for both AXS-One and Unify. Together our companies create a stronger, more profitable, customer-centric organization that can better address growing business opportunities with customers and partners worldwide. By leveraging our combined size, increased efficiencies, and international presence and distribution, we believe we will significantly strengthen our position in the market. Industry analysts are forecasting the e-mail archiving market to grow to $1.7 billion by 2012. With today's announcement, we believe we are well-positioned for growth."

AXS-One's AXS-One Compliance Platform(tm) is an integrated content archiving software solution designed to capture, index, archive, search, supervise, manage retention and disposition, and provide legal discovery on all electronic records, including email, instant messages, desktop documents, SharePoint documents, voice, images, reports, and SAP documents and data, for operational efficiency, compliance management and litigation readiness. Additionally, AXS-One offers a migration portfolio which enables customers to choose between messaging platforms, including Microsoft and IBM, complementing Unify's Composer migration portfolio, which offers application migration options for the mainframe, Java, Microsoft and Oracle environments.

Under the terms of the agreement, which has been unanimously approved by both boards of directors, all AXS-One outstanding common stock and warrants to purchase AXS-One common stock will be converted into 1 million shares of Unify common stock or warrants to purchase shares of Unify common stock; and the convertible notes of AXS-One in the aggregate principal amount of approximately $13 million will be exchanged for approximately 2.1 million shares of Unify common stock, subject to certain closing adjustments. The debt holders may also be issued additional shares of Unify common stock based on the performance of AXS-One's product revenue over the 12 months after the effective date of the merger. Upon closing, current AXS-One stockholders will own approximately 27%, and current Unify stockholders will own approximately 73%, of the combined company. Certain AXS-One stockholders and certain Unify stockholders have executed agreements obligating them to vote in favor of the merger.

Management Conference Call
The management teams of both companies will host a conference call today at 11 a.m. Eastern. The call can be accessed at 1-800-240-2134 (U.S.) or 303-262-2053 (outside U.S.) A live Webcast of the call will also be provided at the website. For those unable to listen to the live conference call, a telephone replay will be available at 800-405-2236, using the passcode 11130407#. The telephone replay will be available beginning April 16, 2009 at 2 pm Eastern and will be available for seven days. A Webcast archive will also be available on each company's investor relations websites.

About Unify

Unify (unify.com) is a global provider of application development, data management and migration solutions that enable organizations to cost-effectively deliver modern, data-rich applications and databases. The company's software and services modernize and maximize the development, deployment and performance of business-critical applications and data, while providing a measurable return on investment. Unify is headquartered in Roseville, Calif., with offices in London, Munich, Calgary, Paris, and Sydney. Visit the website or Email info[.]unify.com.

About AXS-One, Inc.

AXS-One is a leading provider of high performance Records Compliance Management software solutions. The AXS-One Compliance Platform enables organizations to implement secure, scalable and enforceable policies that address records management for corporate governance, legal discovery and industry regulations such as SEC17a-4, NASD 3010, Sarbanes-Oxley, HIPAA, The Patriot Act and Gramm-Leach-Bliley. AXS-One's award-winning technology (axsone.com) has been critically acclaimed as best of class and delivers digital archiving, business process management, electronic document delivery and integrated records disposition and discovery for email, instant messaging, images, SAP and other corporate records. Founded in 1979, and headquartered in Rutherford, N.J., AXS-One has offices worldwide including the United States, Australia, Singapore and the United Kingdom.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. We wish to caution you that these statements involve risks and uncertainties and actual events or results may differ materially. Among the important factors which could cause actual results to differ materially from those in the forward-looking statements are general market conditions, unfavorable economic conditions, our ability to execute our business strategy, the effectiveness of our sales team and approach, our ability to target, analyze and forecast the revenue to be derived from a client and the costs associated with providing services to that client, the date during the course of a fiscal year that a new client is acquired, the length of the integration cycle for new clients and the timing of revenues and costs associated therewith, our client concentration given that the Company is currently dependent on a few large client relationships, potential competition in the marketplace, the ability to retain and attract employees, market acceptance of our service programs and pricing options, our ability to maintain our existing technology platform and to deploy new technology, our ability to sign new clients and control.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Services/Network Management Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Barrett Marketing

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
IT Services/Network Management articles,
CATCH Visitors via Your Competitors Announcements!


Unify to Acquire Leading Archive and Records Compliance Provider AXS-ONE

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Diane Miller - BarrettMarketing.com 
916-770-7061 diane[.]barrettmarketing.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Barrett Marketing securities in any jurisdiction including any other companies listed or named in this release.

IT Services/Network Management via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Barrett Marketing / Company Profile


Read IT Services/Network Management Most Recent Related Press Releases:

AXILSPOT Expands Operations to the Middle East and Africa
Radware Powers XO Communications New DDoS Mitigation Service
Columbia College Chicago Builds E-Learning Network on ADVA FSP 3000
Strategic Integration Partners Significantly Increases Cloud Sales 200% with The Evolve IP OneCloud™
AlgoMatch and Arista 7160 Series Drive Advanced Network Enforcement
DigitalRoute to Attend TM Forum Asia on December 7-8 in Singapore
Evolve IP Honored with BroadSoft ‘Game Changer’ Award
ADVA Optical Networking Introduces Ensemble SmartWAN to Accelerate Virtualized SD-WAN
NEC Enhances Security At The 2016 APEC Economic Leaders' Week in Peru
Philip Linehan Joins EDTS as Sales Executive in Carolinas, Georgia

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com

Visit  Triggr & Bloom







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today