PHOENIX, August 16, 1999 - Microtest Inc. (NASDAQ: MTST), a leading developer of network test and measurement tools, network attached storage products, and CD-ROM networking technology, announced today that it has entered into a strategic agreement with Todd Enterprises, Inc., a major supplier of CD and DVD storage and systems equipment. Under the agreement, Todd Enterprises will acquire Microtest's active enterprise maintenance contracts, a critical step in Microtest's decision to direct its focus strictly on network attached storage products.
Effective August 16, 1999, Todd Enterprises will assume responsibility for all Microtest enterprise maintenance contracts, as well as continued sales of Microtest enterprise hardware and software. Terms of the agreement have not been disclosed. For more than fifteen years, Todd has been a leading innovator in CD-ROM -- and now DVD-ROM -- networking solutions for a variety of enterprise systems.
"Todd Enterprises looks forward to enhancing its enterprise-based CD-ROM server systems with the acquisition of the Microtest Enterprise products and services," said Robert Bell, General Manager of Todd Enterprises. "This move expands Todd's ability to assist its clients in the upgrade and maintenance of current systems as well as providing the latest technology advances to its many clients."
"The closure of our Nashua, New Hampshire facility allows Microtest to focus solely on driving the success of its thin server products," said Christian Heinisch, General Manager of Microtest's Network Attached Storage Division. "We are confident that Todd possesses the technology, products and personnel to continue servicing our valued enterprise systems customers."
Headquartered in Plainview, New York, Todd is a major supplier of storage and systems equipment to the military, government agencies, corporations, law offices, libraries, publishers and small businesses. Todd can be reached through its website at www.toddent.com or by calling (800) 445-TODD.
Founded in 1984, Microtest is a leading worldwide developer of network test and measurement and network attached storage products for local area and enterprise networks. Microtest's mission is to be the leader of easy-to-use networking products that bring value, convenience, and reliability to our customers. The Company has pioneered several networking products, such as OMNIScanner , PentaScanner , CertiFiber and DiscPort . Microtest is headquartered at 4747 North 22nd Street, Phoenix, Arizona. Microtest's international offices are located in Munich, Germany, Crawley, United Kingdom and Singapore.