Wednesday December 6, 6:30 pm Eastern Time
Press Release
SOURCE: Data Dimensions, Inc.
Acxiom(R) Corporation to Acquire Data Dimensions' Managed Services Subsidiary
BELLEVUE, Wash., Dec. 6 /PRNewswire/ -- Data Dimensions, Inc. (Nasdaq: DDIM - news) today announced the signing of a Letter of Intent for Acxiom® Corporation (Nasdaq: ACXM - news) to acquire Data Dimensions' managed services subsidiary, Data Dimensions Information Services (``DDIS''). DDIS will become part of Acxiom's Outsourcing Division. The transaction is subject to the signing of a definitive agreement, expected to occur on or before December 28, 2000.
Based in Downers Grove, Illinois, Acxiom Corporation's Outsourcing Division provides information technology (IT) outsourcing services, including data center management, mainframe and mid-range application hosting, Web hosting, network management services and print and electronic distribution for a wide range of corporate customers.
Peter Allen, president and chief executive officer of Data Dimensions, stated, ``The prospect of DDIS becoming part of an industry leading company like Acxiom is very positive for its customers and employees. With Acxiom's market position and established industry presence, DDIS will be better able to carry out its mission of providing clients with increased production efficiencies and in-depth technology resources. Additionally, this transaction will allow Data Dimensions to further focus our resources on becoming the preeminent provider of quality assurance and testing services in the market.''
Acxiom's Outsourcing Division Leader Lee Hodges said, ``The DDIS acquisition will bring to Acxiom a valued and loyal customer base, skilled associates and additional processing capacity, while providing a strategic complement to our current west region operations.''
DDIS had revenues of approximately $9.3 million over the last twelve months and employs 44 people. From its high-capacity, multi-platform data center in Los Angeles, California, DDIS provides data center management, ASP enablement and e-business hosting services. Operating on one of the city's highest priority power grids and featuring redundant UPS chillers, diesel generators and around-the-clock security measures, DDIS combines technical expertise and state-of-the-art data center facilities that cover a broad range of platforms and operating systems. Financial terms of the acquisition were not immediately disclosed.
About Acxiom
Acxiom Corporation, the global leader in real-time, multi-channel Customer Data Integration, enables businesses to develop and deepen customer relationships by creating a single, accurate view of their customers across the enterprise. Acxiom achieves this by providing Customer Data Integration software, database management services, and premier customer data content through its AbiliTec(TM), Solvitur® and InfoBase® products, while also offering a broad range of information technology outsourcing services. Founded in 1969, Acxiom (Nasdaq: ACXM - news) is based in Little Rock, Arkansas, with locations throughout the United States and with operations in the United Kingdom, France, Spain and Australia. Acxiom revenues were $1.03 billion for the 12 months ended September 30, 2000.
About Data Dimensions
Data Dimensions, Inc., an international information technology (IT) services company, was founded in 1968. By combining comprehensive consulting services, a network of world-class test centers and an offshore applications solutions center, Data Dimensions provides contemporary technology solutions to organizations ranging from emerging companies to the Fortune 100. From legacy systems to handheld devices, Data Dimensions delivers quality assurance and testing as well as application development and maintenance services to help its clients achieve superior business results.
This press release contains forward-looking statements concerning Data Dimensions Inc.'s current expectations as to results of operations and other matters, including future growth, service offerings, and operations. These forward-looking statements are subject to risks and uncertainties and the company's actual results may vary materially depending on various factors such as the overall demand for Information Technology consulting services, the attraction and retention of employees, the development of new services offerings, the management and completion of client projects and successful closure of the DDIS transaction. For additional information concerning risks associated with Data Dimensions' business and operating results, see the company's Form 10K for the most recently ended fiscal year, under the heading, ``Management's Discussion and Analysis of Financial Condition and Results of Operations-Forward Looking Statements and Associated Risks.''
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