Gores Technology Group Acquires Infinium Financials for Microsoft Windows NT Software Product Line
March 20, 2000
LOS ANGELES, March 20, 2000 - Gores Technology Group (GTG), a leading international technology acquisition and management company, today announced that it has acquired the Infinium® Financials for Microsoft® Windows NT® software solution from Infinium Software, Inc.

"We are very pleased to acquire the Financials for NT software solution from Infinium Software," said Vance Diggins, GTG's president. "When GTG first identified Financials for NT as a potential acquisition, we immediately recognized it as an excellent compliment to our product offerings. We look forward to significant future growth and to continuing to provide state-of-the-art customer service to all Financials for NT users."

"For Infinium, GTG's extensive experience, its track record of handling transactions quickly, and its committed sensitivity to employees and customers made this transaction straightforward," said Bob Pemberton, CEO of Infinium. "The entire process from inception to completion was a quick and smooth transaction, and we are confident that it will result in a positive transition for both employees and customers."

About Gores Technology Group

With headquarters in Los Angeles, Gores Technology Group (GTG) is a leading international technology and management company with an aggressive strategy of acquiring promising high-technology organizations, products and services and managing them for increased growth and profitability. GTG's established infrastructure currently manages a portfolio of 14 technology-oriented companies that are located in 40 countries throughout the world. Those companies provide a broad range of technology-based products and services to a substantial customer base of 12,500 corporations and companies that represent over 1.5 million active users.

About Infinium

Infinium offers Web and server-based financial, human resources, supply management, process manufacturing and business intelligence solutions, services, support and deployment options that enable the virtual enterprise and empower people to do great work. Infinium helps high-growth companies thrive by rapidly deploying cost-effective, flexible, robust and reliable enterprise business solutions that meet customer-specific needs. Infinium has more than 2,000 customers worldwide representing a variety of industries including process manufacturing and discrete manufacturing, gaming and hospitality, healthcare, retail, distribution, transportation, and business and professional services. Founded in 1981, Infinium has offices worldwide and has headquarters in Hyannis, Mass. The company's Web site address is http://www.infinium.com.