VIASOFT settles litigation with former CFO

Business Wire, Jan 22, 1997

PHOENIX--(BUSINESS WIRE)--Jan. 22, 1997--VIASOFT Inc. (NASDAQ/NM:VIAS) Wednesday announced that it has settled the pending litigation against its former chief financial officer, Alvin E. Holland Jr.

Under the settlement agreement, VIASOFT will make a cash payment to Holland and will forgive certain outstanding debt from Holland to the company. Each party has released the other from all outstanding claims made in the litigation.

The settlement amount was considerably less than the amount of anticipated litigation costs the company was advised would be incurred in the case. The company has accrued all amounts related to this settlement in the quarter ended Dec. 31, 1996.

VIASOFT is a leading provider of business solutions, consisting of integrated technology and specialized professional consulting services, designed to enable customers worldwide to cost effectively manage the evolution of their enterprise applications. With headquarters in Phoenix, VIASOFT provides sales and services through regional offices in the United States and a network of subsidiaries and distributors internationally.

For more information on VIASOFT's products and services, visit the company's World Wide Web site at http://www.viasoft.com . -0- The statements made in this news release that are not historical facts contain forward-looking information that involve risks and uncertainties.

Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive products and services, the company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions, including risks inherent in international operations and other risks detailed from time to time in the company's Securities and Exchange Commission filings.

CONTACT: VIASOFT Inc., Phoenix

Steven D. Whiteman, 602/952-0050

or

Silverman Heller Associates

Eugene G. Heller, 310/208-2550