FOR IMMEDIATE RELEASE
Corum Client AppWorx Corporation Merges with UC4 Software
Bellevue, Washington April 30, 2007 Corum Group is proud to announce the merger of its client, AppWorx Corporation with UC4 Software GmbH, an Austrian based provider of enterprise job scheduling and data center automationproducts and solutions. AppWorx is one of the leading providers of event-driven business application automation and batch integration technologies. The combined company, to be known as UC4 Software, will be the first truly global and independent provider of IT process automation and optimization solutions.
In a highly competitive process, UC4 Software presented the most compelling vision for global expansion and profitable revenue growth. With complementary products and market geographies, the two companies now have the scale and agility to make a lasting impact, explains Nat Burgess, Corums Executive Vice President.
About AppWorx Corporation:
Established in 1990, AppWorx Corporation is a leading provider of application automation and batch integration technology that ensures core business processes run faster, more accurately and without interruption. AppWorx has successfully enhanced performance and improved efficiency for more than 700 organizations worldwide, including DoubleClick, Eastman Kodak, eBay, General Electric, Gymboree, Dress Barn, New York Stock Exchange, Panasonic, Esprit, Sun Microsystems, Symantec, Toshiba and Verizon.
About UC4 Software GmbH:
Established in 1985, UC4 Software GmbH is the worlds leading independent enterprise automation and job scheduling solution. More than 750 companies worldwide, including many Fortune 500 companies, have installed its flagship product, UC4:global. Customers include Air Products, American Suzuki Motor Corporation, Cadbury Schweppes, Columbia University, Mattel, Robert Bosch and T-Systems. The company has offices in Europe, the United States and Australia, and is supported by a network of partners in more than 30 countries around the world.
About Corum:
Corum Group Ltd. is the premier provider of M&A services to software and information technology companies worldwide. With ten offices globally, Corum has completed over $5 billion in transactions in 14 countries in its 20-year history, and publishes the software industrys most widely distributed M&A research. Corum is built and staffed by highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than $20 million to build the worlds largest IT database of software companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information visit www.corumgroup.com.
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