Informix« (NASDAQ: IFMX) and Ardent Software (NASDAQ: ARDT) 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 creates a $1 billion company in open software infrastructure for what Informix refers to as the "i.Economy". Ardent's components and solutions will continue to be marketed independent of the underlying database technology.
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. According to Jean-Yves Dexmier, president and chief executive officer of Informix, In today''s i.Economy, businesses must continually update their product offerings and business processes to remain competitive. The Web is where