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.
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Only time will tell how successful this combination will be. Ardent has always been database independent, and Informix has stated that that Ardent will remain that way, but we feel that customers may now have the perception that Ardent is in some way tied to Informix databases. This is likely to affect Ardent's sales cycles, at least in the short term. It would also be wise for Informix to allow the current Ardent management to retain control over the DataStage portion of the business, as they have been