Friday June 29, 3:45 pm Eastern Time
Press Release
SOURCE: Peritus Software Services
Peritus Software Services, Inc. Today Announces that it Has Completed the Merger with Rocket Acquisition Company, Inc.
WESTBOROUGH, Mass., June 29 /PRNewswire/ -- Peritus Software Services, Inc. (OTC: PTUS.OB - news)announced today that it has completed its merger with Rocket Acquisition Company, Inc. pursuant to the Agreement and Plan of Merger dated as of April 18, 2001 among Peritus, Rocket Acquisition Company and Rocket Software, Inc. Peritus had previously announced on April 18, 2001 that it had entered into the Agreement and Plan of Merger. Peritus is a provider of solutions for software maintenance technology and services. Rocket Acquisition Company is an indirect subsidiary of Rocket Software.
Pursuant to the Agreement and Plan of Merger, Peritus stockholders other than Rocket Acquisition Company and Rocket Software are entitled to be paid $.19 per share in cash in exchange for their Peritus shares. The exchange agent for Peritus will mail notices to the Peritus stockholders regarding the completion of the merger and including instructions for the stockholders to obtain payment of the merger consideration to which they are entitled. No interest or dividends will accrue or be payable on the merger consideration. Accordingly, the Peritus stockholders should respond promptly to the notice from Peritus' exchange agent.
About Peritus
Founded in 1991, Peritus Software Services, Inc. offers products and services that enable organizations to improve the productivity, effectiveness and quality of the software evolution process. The Peritus Software Asset Maintenance (SAM) offerings enable organizations to transform the maintenance process into an efficient, cost-effective discipline that boosts productivity and performance. Peritus is now headquartered in Natick, MA.
Contact: Johan Magnusson, President
Peritus Software Services, Inc.
c/o Rocket Software, Inc.
2 Apple Hill Drive
Natick, MA 01760
Phone: 508-655-4321
Facsimile: 508-652-4730
Peritus is a registered trademark of Peritus Software Services, Inc.
About Rocket
Founded in 1990, Rocket Software, Inc. is a software engineering organization providing enterprise class software products and services. Rocket is headquartered in Natick, MA.
SOURCE: Peritus Software Services
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