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Data Research signs definitive purchase agreement with multiLIS

Press Release: Data Research Associates, Inc. [July 20, 1994]

Copyright (c) 1994 Data Research Associates, Inc.


St. Louis, Missouri, USA July 20, 1994: Data Research Associates, Inc. (NASDAQ: DRAI) today announced that it had signed a definitive agreement for the purchase of the library automation system and related assets of multiLIS, a division of Sobeco Ernst & Young, Inc.; certain assets of multiLIS distributor Avec Technical Services, Inc.; and the stock of multiLIS distributors multiLIS Corporation; Multicore Library systems, Inc.; and multiLIS Europe S.A. The companies said that they expected to close the purchase within 60 days, subject to satisfaction of certain conditions of closing.

Data Research, headquartered in St. Louis, is a leading systems integrator, providing its own proprietary information services software as well as third-party software and hardware, networking services and other related services to libraries and other information providers

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Publication Year:1994
Type of Material:Press Release
Language English
Issue:July 20, 1994
Publisher:Data Research Associates, Inc.
Place of Publication:St. Louis, MO
Company: Data Research Associates, Inc.
Sobeco, Ernst & Young
Products: MultiLIS
Online access:http://www.dra.com/news/1994/19940720.html
Record Number:6832
Last Update:2012-12-29 14:06:47
Date Created:0000-00-00 00:00:00