SW, UCMP is doing it again! Great synergistic acquisition should add...
a fair size bundle to their bottom line:
UniComp Acquires Carlton Software Production, Ltd.
Accretive acquisition enhances UniComp's presence with major corporations
MARIETTA, Ga.--(BUSINESS WIRE)--March 31, 1999-- UNICOMP, INC. (Nasdaq:UCMP - news) today announced that, as part of the company's strategy for enhancing its worldwide presence as a leading provider of end-to-end software solutions, it has acquired Stockport, England-based Carlton Software Productions, Ltd.
Carlton Software is the premier provider of a comprehensive suite of systems management software for the IBM AS/400 system with a customer list that included many of the world's major corporations including IBM Global Services (NYSE: IBM - news), Barclay's Bank, Nikko Bank, First National Bank of Boston, Coca-Cola (NYSE: KOF - news), Gillette (NYSE: G - news), Colgate Palmolive (NYSE: CL - news), Abbott Laboratories (NYSE: ABT - news), Northern Telecom (NYSE: NT - news), Allied Distillers, Ciba Specialty Chemicals, and the Searle Division of Monsanto (NYSE: MCT - news). The transaction was accounted for as a purchase and is being paid for in cash. According to UniComp President and CEO Stephen A. Hafer, UniComp will consolidate Carlton Software Productions into the UniComp Solutions organization. Further terms of the acquisition were not disclosed.
''We intend to take advantage of the consolidation within the software industry and will continue to identify and evaluate profitable companies with core business synergy,'' said Hafer. ''The acquisition of Carlton allows us to add depth to our suite of software solutions. Carlton's prestigious customer base and strong presence in the AS/400 after market, will open the doors of major corporations for an introduction of our complete line of sophisticated software products and services,'' Hafer added.
''We are proud to be a part of the UniComp Solutions organization,'' commented Carlton Managing Director, Steven G. Mengell. ''With UniComp's infrastructure and worldwide distribution and support capabilities, we can now expand our sales efforts within our current customer base while having the international presence and wherewithal to target other large multi-national corporations requiring an end-to-end solution - sales support, training, installation, and technical services,'' continued Mengell.
Carlton, now doing business as UniComp Solutions, designed mAStermind as a suite of IBM AS/400 operations, application development, and management software. This comprehensive software suite provides the 'control center' for IBM AS/400 with such automatic features as disk allocation, job scheduling, back-up and recovery, data compression, and spool filing. mAStermind is now being marketed and supported through UniComp Solutions' North American, UK, Ireland and European sales and marketing operations.
About UniComp
UniComp, Inc. develops, markets and supports platform-migration, vertical market applications and payment processing systems for Windows NT and UNIX-based computer systems and point of transaction processors worldwide. The Company licenses its technology to a cross section of industries including manufacturing, distribution, transportation, public-sector, point of sale and transaction processors. Additionally, the Company provides installation, training, systems integration, support and year 2000 services, serving a worldwide network of end user customers, dealers and distributors. UniComp employs over 400 staff worldwide and has over 50 distributors internationally, with over 30,000 installations in more than 55 countries. Please visit our World Wide Web site at unicomp.com for further information on UniComp.
Except for the historical information contained herein, the matters discussed in this news release pertaining to market penetration by UniComp and Carlton of the company's suite of software products are forward looking statements that involve risks and uncertainties, including timely development and market acceptance of the companies products, the impact of competitive products and pricing, and the other risks detailed from time to time in the Company's publicly available reports.
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Contact:
UniComp, Inc.
Robert Shaver, 770/424-3684, ext. 116
or
Investor Relation Resources
Marty Tullio, 949/376-4458
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