Informix to Acquire Ardent Software-Another Vendor's Attempt at End-to-End Data Warehousing
M. Reed - December 8, 1999

Event Summary

'MENLO PARK, Calif. and WESTBORO, Mass.-December 1, 1999-Informix« (NASDAQ: IFMX), the technology leader in the software infrastructure for the i.Economy, and Ardent Software (NASDAQ: ARDT), the leading provider of data integration infrastructure software for data warehouse, business intelligence, and e-business applications, today announced that they have reached a definitive agreement to combine their operations in a transaction valued, on a fully diluted basis, at approximately $880 million, based on the closing price of Informix common stock on November 30, 1999. The combination accelerates the strategies of both companies and creates a $1 billion market leader in open software infrastructure for the i.Economy.'..