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biz.yahoo.com
Visigenic Software Expands European Presence with Acquisition of a Leading German Consulting Company in Object Technology
Interactive Objects Software GmbH To Continue Providing Independent Consulting Services as Visigenic Subsidiary
SAN MATEO, Calif.,--(BUSINESS WIRE)--Sept. 11, 1997--Visigenic Software, Inc. (NASDAQ:VSGN), the leading supplier of object request broker (ORB) technology to the computer industry, today announced that it has acquired Interactive Objects Software GmbH (iO), a leading German consulting company that specializes in distributed object computing technology.
Visigenic issued 353,767 shares of common stock to acquire all of iO's outstanding capital stock. Interactive Objects, headquartered in Freiburg, Germany, will continue its work of providing independent consulting services to corporate clients in Europe as a subsidiary of Visigenic. Richard Hubert, iO founder, remains in his current position of managing director.
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