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Technology Stocks : Base Ten (Basea)

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To: Paul Lee who wrote ()	2/19/1998 10:33:00 PM
From: Paul Lee	Read Replies (1) of 152

nice little building block Base Ten Systems Acquires Consilium's Health Care & Process Business TRENTON, N.J.--(BUSINESS WIRE)--Feb. 19, 1998-- Sharpened Industry Focus for Each Base Ten Systems, Inc. (Nasdaq:BASEA) announced today that it entered into and closed a Definitive Purchase Agreement with Consilium, Inc. (Nasdaq:CSIM) under which Base Ten purchased the assets of Consilium's Health Care & Process business unit for a cash consideration of $1.5 million and the assumption of certain maintenance and warranty obligations. The transaction was approved by both Boards of Directors. Cowen & Co. advised Base Ten on the transaction. Base Ten CEO Thomas E. Gardner commented, "This is one of those unique situations in which we believe there is win-win benefit for the shareholders and customers of both companies. Base Ten gets an installed customer base and a UNIX platform option for those customers preferring this footprint for their manufacturing execution system. Consilium gets cash and the opportunity to regain a single-minded focus on the semiconductor industry in which they have historically been so successful." (a) Consilium CEO Laurence R. Hootnick said, "We are delighted that our Health Care & Process customer commitments will be transferred to a company focused on these industries, and one committed to high quality products and service. The Consilium organization can now comfortably turn its attention to serving the manufacturing systems needs of our semiconductor/electronic customers around the world." (a) Base Ten Systems is a leading independent supplier of enterprise-wide, integrated manufacturing execution systems (MES) software and services to companies for manufacturers in FDA regulated industries. Consilium is the leading independent supplier of enterprise-wide, integrated manufacturing execution systems (MES) software and services to companies in the semiconductor industry. -0-

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