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Article: ARI Divests Non-Strategic Business; Acquiring Company is Recognized Leader in Dealer Business Management Systems.
- Article from:
- Business Wire
- Article date:
- February 12, 1999
CopyrightCOPYRIGHT 1999 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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MILWAUKEE--(BUSINESS WIRE)--Feb. 12, 1999--ARI Network Services, Inc. (NASDAQ/NMS:ARIS), a leading provider of Internet-enabled electronic commerce services for distribution channels, announced the sale of its dealer business management system product to MIC Systems and Software, Inc. of Huntington Beach, California.
The line of business being sold was acquired by ARI as part of its September 1998 acquisition of the POWERCOM-2000, Inc. division of Briggs & Stratton Corporation. At the time of the POWERCOM acquisition, ARI indicated its intent to sell the product since dealer business management systems are not part of ARI's strategic business direction. ARI's ...