Business Services Industry
New Era of Networks Acquires Menhir Limited; New Era of Networks and Menhir Limited Combine to Deliver Enterprise Application Integration
Business Wire, Sept 29, 1997
ENGLEWOOD, Colo./LONDON--(BUSINESS WIRE)--Sept. 29, 1997--New Era of Networks, Inc. (NASDAQ:NEON), a developer of enterprise application integration solutions, today announced the acquisition of Menhir Ltd., a corporation organized under the laws of the United Kingdom.
Menhir is a provider of enterprise information integration systems relating to the banking indus International Division.
Rick Adam, NEONel for the Rapport product suite. Nick Sedgwicagement."
Kevin Scully, President of NEONsecurities industries. Rapport is installed ocustomers, including Banque Paribas, Dresdner Kletworks, Inc. (NASDAQ:NEON), d evelops, markets, a nd supports the first packaged solution for automating enterprise application integration. NEON's principal product, NEONet, provides organizations with a structured software platform for integrating disparate applications and systnet. NEONet greatly speeds and simplifies the integration of popular packaged applications, such as PeopleSoft, SAP, and Oracle Applications. The company's customers include some of the largest and most technologically sophisticated financial services, healthcare, energy, and insurance companies in the world. NEON has business relationships with partners such as IBM, Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.), Tandem, Oracle, PeopleSoft, KPMG, Andersen Consulting, First Consulting Group, Sun Microsystems, SunGard, and others. NEON's World Wide Web address is http://www.neonsoft.com/ . For more information about NEON, call 303/486-9348. -0-
New Era of Networks, the NEON logotype, NEONet, NEONweb, Neonsoft, NEONaccess, NEONentry, NEONreplication, NEONenrich, NEONmsgtrak, and NEONbalance are trademarks of New Era of Networks, Inc. All other trademarks herein are the property of their respective owners.
A full-text copy of this announcement may be obtained by calling the Company's fax retrieval line at 1-888-329-2312 and selecting option "two." The announcement may also be downloaded from the Web, access http://www.businesswire.com/iponet.htm and select "New Era of Networks." -0-
Questions and Answers About NEON and Menhir
Who is NEON?
New Era of Networks, Inc. (NEON) is a publicly traded company (NASDAQ:NEON) that develops, markets and supports, NEONet, the first packaged solution for automating enterprise application integration. NEON integrates legacy and client/server applications with the popular packaged application solutions such as PeopleSoft, SAP, and Oracle Applications. NEON customers include Merrill Lynch, Chase Manhattan Bank, Credit Suisse, ADP Financial Information Services, J.P. Morgan, Physicians Computer Network, KN Energy, and Western Asset Management Company.
Who is Menhir Limited?
Menhir Limited is a provider of Rapport, enterprise client relationship management systems for the banking and securities industries. Rapport is installed in key financial centers throughout the world, including London, New York, Hong Kong, Frankfurt, Paris, Toronto, Johannesburg and Bermuda.
Why is NEON Combining With Menhir?
Menhir's visible presence in the UK and Europe will accelerate the introduction of NEON application integralivering its automated NEONet solutions for enterprise application integration. NEON will also begin to distribute the Rapport product suite across more financial services segments. NEONet can help integrate Rapport with customers' legacy systems.
What will be the structure of the resulting company?
The Menhir operation will be integrated into the existing NEON corporate structure. The Men The acquisition provides expanded sales and service coverage to customers. The combined company offers stronger resources in R&D, engineering, sales and marketing, professional services, training and support.
Will there does this acquisition affect the Menhir operation?
NEON's public offering in June 1997 raised more than USD$35 million for the company. NEON's strong balance sheet provides financial strength and backing for Menhir. NEON's strong Uman, 303/486-9348
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