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Technology Stocks : ROSS SYSTEMS a turnaround? -- Ignore unavailable to you. Want to Upgrade?

To: nord who wrote (2419)	8/27/1998 10:30:00 AM
From: bob zagorin	Read Replies (1) \| Respond to of 3067

Ross Systems Acquires Business Partner ATLANTA, Aug. 27 /PRNewswire/ -- Ross Systems, Inc. (Nasdaq: ROSS), a leading provider of business software solutions, announced today that it has purchased its business partner, HiPoint Systems Corporation. HiPoint, founded in 1992, provides professional services and certain software components related to Ross Systems' Renaissance CS(R) application suite. Ross Systems paid approximately $1.9 million in Ross shares to HiPoint's shareholders. "Though we have generated significant growth in our service business over the past couple of quarters, demand for these services is expanding even more rapidly," said Pat Tinley, Ross' President and COO. "HiPoint will help us to more effectively meet this demand and grow our service business at a more rapid rate. The HiPoint staff is extremely professional, highly productive, and they contribute extensive implementation experience for our Renaissance CS customer base. HiPoint has been involved in approximately 40 highly successful customer implementations of Renaissance CS." Ross Systems, Inc. develops, markets and supports a broad range of client/server business solutions, including financials, manufacturing, maintenance, distribution, supply chain management, transportation management, materials management, and human resources applications, as well as comprehensive application development products. Ross Systems products are available for the following open systems environments: Microsoft Windows NT for the Intel and Alpha chips; IBM's RS/6000; HP-UX; Digital UNIX, Open VMS, Fujitsu DS-90 UNIX and Siemens Nixdorf. More than 3,000 companies around the world use business solutions from Ross Systems to run their operations. Ross Systems employs 599 professionals in offices around the world to serve its customers. Corporate headquarters are located at Two Concourse Parkway, Suite 800, Atlanta, Georgia 30328. Please visit Ross Systems' website at www.rossinc.com.