TSI International Software Ltd. announced it will acquire Novera Software, Inc. TSI Software is acquiring all of the capital stock of Novera for approximately 1.8 million shares of TSI Software common stock. In connection with the transaction, TSI Software will assume all outstanding Novera stock options in exchange for a maximum of approximately 350,000 shares of TSI Software common stock. The acquisition will be accounted for as a purchase transaction and is expected to qualify as a tax-free reorganization. The transaction is structured for immediate closing. www.novera.com, www.tsisoft.com
Day: September 29, 1999
InSystems Technologies, Inc. announced the newest version of FastForms. FastForms V4.1 enables carriers to provide their sales force with customized and personalized access to the latest forms over the Internet. FastForms “VirtualCD” feature allows carriers to send forms over the Internet for agents to view and print from their desktop through a Web-browser, using industry-standard Adobe Acrobat. This functionality has significant cost-savings for carriers by eliminating the need to mail paper
Infoteria Inc. announced the immediate release of its XML Style Wizard 1.0. This simple and clear XSLT file generator for XML is offered free of charge and is available for download from Infoteria’s web site. Infoteria boasts that by answering only six simple questions, the XML Style Wizard can produce an XSLT file for XML. XML Style Wizard creates the XSLT file by analyzing existing XML data. It allows users to create a table from the XML data, or create a list table from multiple records of XML data. The XSLT file created by XML Style Wizard is used by XML browsers such as Internet Explorer 5.0 from Microsoft and for XSLT processors such as iXSLT from Infoteria. In addition, XML Style Wizard supports both W3Cs latest XSLT specification and the specification implemented in Microsoft Internet Explorer 5.0. www.infoteria.com
