To: Jamessmith who wrote (298 ) 3/16/1999 8:49:00 AM From: Marlene Thacker Read Replies (1) | Respond to of 1238
Centura Software Acquires Raima Corporation, Adding Cross-Platform and Mobile Strength to its Embedded Database Solutions Centura's Data Management Technology Now Spans From Enterprise to Embedded Devices, Building on Connectivity and Browser-Based Access to Information Redwood Shores, CA—March 16, 1999—Centura® Software Corporation, leader of secure, embedded micro and e-commerce databases and development solutions, today announces it has signed a definitive agreement to acquire Raima® Corporation, a Seattle-based vendor of cross-platform micro databases and data management tools for real-time and Windows applications. The acquisition will be a stock purchase and is expected to close on or before June 1, 1999. "This combination creates one of the industry's largest embedded database companies, with technologies that scale from Real-Time Operating Systems (RTOS) and hand-held devices, to Web business solutions," explains Scott Broomfield, Centura's President and Chief Executive Officer. "Centura will now offer a range of solutions unparalleled by any embedded database company, giving our customers the ability to provide secure, mission-critical information in any device or on the Web." The addition of Raima strengthens Centura's position in the market with a synergistic technology and customer base, an extensive consulting organization, and strategic associations with Fortune 500 companies and leading technology firms that embed Centura and Raima database technology into their critical applications. This announcement follows Centura's introduction of the first and only end-to-end security solution in the database market, SQLBase SafeGarde, allowing developers to easily build secure applications. See centurasoft.com for further details and full press release. -m-