TSI Software Stock Split Effective April 1, 1999
WILTON, Conn.--(BUSINESS WIRE)--March 30, 1999--TSI International Software Ltd. (NASDAQ: TSFW), a leading provider of enterprise application integration (EAI) software, today announced that at the company's annual meeting on Friday, March 26, 1999, shareholders approved an increase in the number of authorized shares to 70 million, enabling the company to effect its two-for-one stock split announced on February 3, 1999.
The split will be effective after the close of market on April 1, 1999. Shares will trade on a split-adjusted basis effective April 5, 1999. The stock split increases the number of shares outstanding from approximately 11.2 million to 22.4 million shares.
About TSI International Software Ltd.
TSI Software is a leading provider of packaged EAI software across all industries. TSI's flagship product, Mercator(R), is the leading solution for integrating ERP applications like SAP(TM) R/3(R) and PeopleSoft with existing systems, best-of-breed applications, web applications, databases and data warehouses. Major customers include American Express, Citibank, Eastman Kodak, Eli Lilly, General Motors, Hershey Foods, Hoechst, IBM, Lockheed Martin, Lucent Technologies and Texas Instruments.
In the financial sector, TSI Software's market leading Messenger, Gemini, and Nimbus transaction automation products are used by more than 300 institutions worldwide, including ABN Amro, ANZ Bank Group, Brown Brothers Harriman, Credit Suisse, Deutsche Bank, Merrill Lynch, NatWest Markets, Salomon Smith Barney and SBC Warburg.
TSI Software is a public company (NASDAQ: TSFW) headquartered in Wilton, Connecticut. More information about the company can be found on the Internet at tsisoft.com.
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