Viasoft said it plans to fire up to a quarter of its staff and take a charge of $1.4 million in its third fiscal quarter following its failed merger with Compuware.
Both companies agreed to end the transaction on 18 January after the USDepartment of Justice challenged the merger, claiming it wouldlead to higher prices for users of mainframe software.
But the Year 2000 (Y2K) software supplier has now said it will make about 70employees redundant and will restructure the company into two business units.
One will focus on positioning Viasoft's Existing Systems Workbench (ESW) IT asset management offerings as tools to enable users to integrate Web and legacy applications.
The second will position the firm's Rochade repository and data management offerings as tools to integrate Web applications with data warehouses, knowledge management, and customer relationship management packages.
Steve Whiteman, Viasoft's chairman, president and chief executive, said: "With Y2K issues and the terminated Compuware merger behind us, we are movingforward to create a more focused and accountable organisation."
Whiteman also took over the position asinterim chief financial officer in late December when Mark Schonau resigned.
The firm had already planned to take a third quarter charge of about $1.1million in costs related to the ending of the $162 million purchase byCompuware.
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