Aonix Acquires Princeton Softech’s Select Product Family
April 17, 2001
Aonix Expands 'Lifecycle Solutions' Group to Leverage Software Through Pictures® and Select Technologies
SAN DIEGO, April 17 /PRNewswire/ -- Aonix, a member of the Gores Technology Group, announced today the purchase of the Select Product Family from Princeton Softech, a subsidiary of Computer Horizons Corporation (Nasdaq: CHRZ), including all of the software assets and intellectual property rights associated with the Select products. The acquisition positions Aonix as a market leader of component-based design, visual modeling, component management and process management products for enterprises developing and implementing business-critical software solutions.
"The acquisition of Princeton Softech's Select product line will enable our customers to quickly and cost-effectively move into business driven, component-based, design and development," said Ashley Abdo, president and CEO of Aonix. "Building new software solutions with up-to-date processes and tools are essential for companies that want to gain a competitive edge while reducing costs and generating new sources of revenue.
"The acquisition strategically positions Aonix to more comprehensively address three of the fastest growing market segments-object-oriented analysis, modeling, design and construction; component construction and assembly; and Web professional development tools. According to IDC, these segments are projected to grow more than 35 percent annually over the next four years. Aonix's current Software through Pictures (StP) customer base as well as those customers requiring a "best practices" approach for lifecycle methodology and process will benefit from the increased functionality provided by Select products. The Select product line includes Select Process DirectorTM as well as Component FactoryTM (comprised of SELECT Enterprise®, Reviewer for Select EnterpriseTM, JSyncTM, CSyncTM, VBSyncTM, ForteSyncTM and SELECT Component ManagerTM) and Select SETM, plus reseller rights for Reviewer for Rational RoseTM and Process Director.
"This agreement is a great fit for Aonix, the product family's customers and Princeton Softech," said Lisa Cash, President and CEO of Princeton Softech. "Additionally, Princeton Softech can now focus all of its resources and efforts on our Relational ToolsTM and Active Archive SolutionsTM."
Aonix's Visual Modeling solutions, comprised of the Software through Pictures/Architecture Component Development® (ACD) product family, provide customers with a best-in-class development environment. StP Millennium Edition launched last year, offers comprehensive UML® support while providing a powerful transformation technology with ACD. ACD provides up to 90 percent automatic code generation, significantly improving customers' productivity and return on investment. In addition, StP's repository-based architecture provides customers with the flexibility, scalability, and extensibility to support complex application development.
Aonix's expanded Lifecycle Solutions Group will continue to support the needs of its customers in a wide range of industries including telecommunications, aerospace, automotive, and manufacturing as well as commercial-oriented industries such as financial services, banking and retail. Aonix's continued commitment to its customer relationships will be evidenced through several StP and Select product releases this year.
About Princeton Softech
Princeton Softech (www.princetonsoftech.com), a wholly owned subsidiary of Computer Horizons Corp., is a software products and services company that helps enterprises enhance the performance of their systems by managing data smarter. The company allows enterprises to manage their mission-critical applications more efficiently through "active archiving." By using Princeton Softech's suite of Active Archive Solutions, companies can identify and move complete sets of infrequently used data to the periphery of the production database, while maintaining accuracy, integrity, and business context. Princeton Softech is a leader in enterprise-scale data management solutions, with over 2,000 of the world's largest companies in more than 30 countries using Princeton Softech's products and services.
About Computer Horizons Corp.
CHC is a strategic e-Business solutions and professional services company that is powering a new breed of rapid growth Internet developers. With thirty years of experience, CHC is a global leader in systems integration, migration and innovation, enabling companies to stay ahead of the technological curve. By leveraging its core business in IT services, CHC is powering its new breed of Internet companies, including eB Solutions, CHIMES and Princeton Softech, to enable its Global 1000 customer base to compete in this new digital business environment. For more information on Computer Horizons, please visit our web site at www.computerhorizons.com.
Aonix, a Gores Technology Group company, is a leading international software company with customers drawn from the Global 1000. It provides a comprehensive suite of products and services aimed at managing the complexity of today's business-critical application development and information management. The Aonix Lifecycle Solutions division provides a comprehensive suite of software development products, including Software through Pictures®, Architecture Component Development®, Validator/ReqTM, TeleUSETM, ObjectAdaTM, AdaWorld® and RavenTM that support the customer's development process, methods and tools. The result is minimized risk, improved developer productivity and increased software quality. The Information Access Management Solutions division provides products, such as Nomad® and UltraQuestTM and services designed to dramatically simplify access and analysis of mainframe data. These solutions enable customers to adapt to the ever-changing requirements associated with enterprise data access and application development. Headquartered in San Diego, Aonix operates sales offices throughout North America and Europe in addition to a network of international distributors. More information about Aonix can be found on its Web site at www.aonix.com.
About Gores Technology Group
With headquarters in Los Angeles, Gores Technology Group (GTG) is a privately held international acquisition and management firm that pursues an aggressive strategy of acquiring promising high-technology organizations and managing them for growth and profitability. GTG has made a name for itself by acquiring and successfully managing companies -- including many divisions acquired from large publicly traded companies -- through its commitment to customers, employees and continued development of intellectual property. GTG has acquired and managed approximately 35 interrelated but autonomous technology-oriented companies with locations throughout the world. Those companies provide a broad range of technology-based products and services to a substantial customer base representing millions of active users worldwide.