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Article: Mercury Interactive Signs Letter of Intent to Acquire EBY Semantica Ltd.; New Technology to Provide Basis for Next Generation of Client/Server Products.
- Article from:
- Business Wire
- Article date:
- October 26, 1995
CopyrightCOPYRIGHT 1995 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Interactive Corporation (NASDAQ: MERQ), the leader in Automated Software Quality (ASQ), today announced that it has signed a letter of intent to acquire EBY Semantica Ltd., an Irish developer of client/server technology.
All outstanding shares of the privately-held company are to be purchased by Mercury Interactive for $3 million in cash. As part of the transaction, Mercury Interactive will assume Semantica liabilities and write-off duplicative projects. The total value of the transaction is estimated at approximately $6 to $8 million. Consummation of the transaction is subject to negotiation and execution of a definitive agreement.
Mercury Interactive ...