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DataMirror Completes
Acquisition of PointBase
TORONTO, CANADA -- (December 18, 2003) --
DataMirror (Nasdaq: DMCX; TSX: DMC)
a leading provider of live, on demand data integration and
protection solutions, today announced that it has completed
its previously announced acquisition of PointBase, Inc. Under
the terms of the agreement, DataMirror will pay approximately
$3.5 million, and certain additional amounts may become
payable contingent on future revenue or proceeds that may be
received in connection with the acquired business. DataMirror
will account for the acquisition under the purchase method.
PointBase is a leading provider of nano footprint, java
based relational database and synchronization solutions
designed to lead the industry's move toward software that
delivers on the promise of platform independence. PointBase's
proven trio of offerings -- PointBase Embedded, PointBase
Micro and PointBase UniSync -- provide effective Java-based
data storage, enterprise mobility and data synchronization
with corporate databases.
PointBase technology is currently being used by leading
software providers and companies including BEA, Checkmate
International, Extensity, Leadscope, Macromedia, Raytheon and
Sun Microsystems. With the implementation of PointBase
technology, these companies have gained numerous business
benefits including application mobility, reduced total cost of
ownership, increased developer productivity, accelerated
product release, increased customer satisfaction, and greater
customer ROI.
Beyond enhancing service for the existing important
PointBase customers, DataMirror will be focusing the PointBase
technology to expand its existing wireless data capture
solutions for barcode and RFID applications and also on new
data synchronization solutions for the handheld marketplace.
About DataMirror DataMirror (Nasdaq: DMCX; TSX: DMC
), a leading provider of live, on demand data integration and
protection solutions, gives companies the power to integrate,
monitor and protect their corporate data in real-time.
DataMirror's comprehensive family of LiveBusiness™ solutions
helps customers easily and cost-effectively capture, transform
and flow data throughout the enterprise. DataMirror unlocks
the experience of now™ by providing the instant data access,
integration and availability companies require today across
all computers in their business.
Over 1,750 companies have gone live with DataMirror
software including Debenhams, GMAC Commercial Mortgage, the
London Stock Exchange, OshKosh B'Gosh, Priority Health,
Tiffany & Co., and Union Pacific Railroad. DataMirror is
headquartered in Markham, Canada, and has offices around the
globe. For more information, visit http://www.datamirror.com/.
Media and Financial Contacts:
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For further information contact |
Financial Contact: |
Peter Cauley
Chief Financial Officer DataMirror Corporation
905-415-0310 ext. 271 Fax: 905-415-0340 |
Media Contact: |
Tracy
Staniland Director of Marketing DataMirror
Corporation 905-415-0310 ext. 274 Fax:
905-415-5196 |
Media Contact: |
Stephen
Greene Brodeur
Worldwide 617-587-2872 |
"Safe Harbor" Statement under the United States Private
Securities Litigation Reform Act of 1995:
Forward-looking statements in this press release,
including statements regarding DataMirror Corporation's
business which are not historical facts, are made pursuant to
the "safe harbor" provisions of the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include statements of plans, objectives, strategies
and expectations. The words "anticipate", "believe",
"estimate" and "expect" and similar expressions are intended
to identify forward-looking statements. Numerous important
factors affect DataMirror's operating results and could cause
DataMirror's actual results to differ materially from the
results indicated by this press release or by any
forward-looking statements made by, or on behalf of,
DataMirror, and there can be no assurance that future results
will meet expectations, estimates or projections. These
factors include, but are not limited to, the following: the
difficulty of developing, marketing and selling new products
successfully; variability of quarterly operating results;
dependence upon on the continued growth and success of
DataMirror's software products; competition; rapid
technological change and new product introductions; dependence
upon continued growth in the database and enterprise data
integration markets; dependence upon relationships with
complementary vendors and distribution channels; the ability
to recruit and retain key personnel; risks of international
operations, including currency exchange rate fluctuations and
global economic conditions; possible software errors or
defects; possible infringement claims by third parties; and
other factors discussed in the Company's Annual Information
Form and other periodic filings with the United States
Securities and Exchange Commission and other regulatory
authorities. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
the forward-looking statements prove incorrect, actual results
may vary materially from those indicated in any
forward-looking statements. The Company disclaims and does not
assume any obligation to update these forward-looking
statements.
Copyright 2003 DataMirror Corporation.
All rights reserved. DataMirror, LiveBusiness and The
experience of now are trademarks or registered trademarks of
DataMirror Corporation. All other brand or product names are
trademarks or registered trademarks of their respective
companies.
Copyright © 2008 Catapult Advisors LLC. All Rights Reserved.
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