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Data Research signs letter of intent to acquire Australian library automation system

Press Release: Data Research Associates, Inc. [January 25, 1993]

January 25, 1993 - Data Research Associates, Inc. (NASDAQ: DRAI) today announced that it had signed a Letter of Intent for the purchase of the Starlite Library Management System and certain related assets of Praxa Ltd. by Data Research International (Australasia) Pty. Ltd., a wholly owned subsidiary of Data Research. Data Research intends to purchase the assets for an undisclosed cash amount. The purchase is subject to the execution of a definitive asset purchase agreement and other conditions.

Praxa is headquartered in South Melbourne, Victoria, Australia. The Starlite Library Management System is installed in 38 libraries in Australia and Indonesia.

This proposed purchase reaffirms Data Researchs commitment to expand our presence in Australia and provide Australian libraries and their users with high-quality solutions for library automation and networked information access, said Michael J. Mellinger, Chairman and CEO of Data Research. We are committed to supporting the Starlite system, and we pledge to complement the high level of service Starlite's customers have received from Praxa with Data Research's own commitment to service and support."

"This opportunity will ensure that our library customers have access to world-class technology, which will enable them to provide their users with superior service. We see Data Research as providing the best long-term result for our customers," said Graeme Thomson, Praxa's Chairman and Managing Director.

Data Research is a leading provider of library automation systems, electronic networking services and other related services for libraries and other information providers. Data Research is headquartered in St. Louis, Missouri, USA and its Australasia subsidiary is located in Kew, Victoria, Australia.

View Citation
Publication Year:1993
Type of Material:Press Release
Language English
Issue:January 25, 1993
Publisher:Data Research Associates, Inc.
Place of Publication:St. Louis, MO
Company: Data Research Associates, Inc.
Praxa, Ltd.
Products: DRA
Starlite Library Management System
Subject: Mergers and acquisitions
Online access:
Record Number:6799
Last Update:2023-12-08 01:01:24
Date Created:0000-00-00 00:00:00