Data Research Associates, Inc., and Sobeco Ernst & Young, Inc., have been in negotiation for several months for DRA to acquire certain assets of multiLlS' distributors, including MultiLIS Corporation,, Avec Technical Services, Inc., Multicore Library Systems, Inc., and multiLlS Europe S.A. Data Research intends to purchase the assets for an undisclosed cash amount, subject to the execution of a definitive asset purchase agreement.
The proposed assets to be purchased include multiLlS' integrated library automation software; all rights for the sales, licensing and distribution of multiLlS products worldwide; all rights and obligations under each of multiLIS' support agre ments; and certain intellectual property rights.
MultiLIS is headquartered in Montréal Quebec, Canada. Its automated library system, which simultaneously supports English French and Spanish, is currently installed at more than 310 customer sites in the United States, Canada, and Europe.
While multiLlS' revenues for 1993 were a third of DRA's $25 million, it sold 120 new-name systems against DRA's 40.
[Contact: Data Research Associates, 1276 North Warson Road, St. Louis, MO 63132; (800) 325-0888; Fax (314) 993-8927.]