LBMS has sold its Systems Engineer (SE) data modelling tools to Select Software for $2 million in cash, to focus resources on its process management offerings.
The cost of taking on LBMS? 12-strong London-based research and development team will add another $1 million to Select?s bill, which will also take over first-line product support in the US from the end of April. LBMS? distributors will continue to offer support for SE elsewhere.
Ed Holt, Select?s marketing director, explained that the company had purchased SE for several reasons, including the skills of its development staff, whose numbers he hoped to grow.
?SE is a strong complement to our object oriented modelling toolset because it looks after the database design end of things. It gives us a chance to move into modelling for the data warehouse market, and so fills in a couple of gaps in our product line. But, it also provides us with access to 700 new customers worldwide,? he said.
He added that SE?s 400 UK customers had been given a boost by the move as LBMS had been decommitting from the UK and the product for some time, but this meant they were now secure.
Select aims to integrate SE and its existing Select Enterprise modelling tools by the end of the first quarter to enable users to pass their data from one product to the other.
It also plans to release a 32-bit version of Enterprise by the middle of this year, followed by a 32-bit version of SE by the end of the year.
LBMS, which generated $35 million in revenue last year, is expected to turn over $25 million this year, and plans to add new offerings to its Process Engineer process management product line in late February.
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