Gauss Interprise to Merge with Magellan Software

STOCKHOLM (04/25/2000) - Aiming to establish a foothold in the U.S. market, German software vendor Gauss Interprise AG today announced plans to merge with California-based Magellan Software Inc.

Gauss will acquire all outstanding shares of integrated content management and workflow software vendor Magellan in a transaction that "essentially" will consist of a share swap, the Hamburg, Germany-based company said in a statement. Financial details of the deal were not disclosed.

By combining their software offerings, Gauss and Magellan will be well positioned for the transition of content management from a tool for creating Web sites to infrastructure software for providing business processes and corporate portals with electronic content, Gauss said.

Magellan's flagship product is called SpyVision. The company has 120 employees and had 1999 revenue of US$17.3 million, according to the statement.

Gauss Interprise reported revenue of 19.5 million marks (US$9.3 million) for 1999, the company said. With a total staff of 260 people, the company also has offices in Berlin, Frankfurt, Munich and Stuttgart as well as in Paris and Mountain View, California.

In the statement, Gauss also announced plans to spin off its Internet services business into a new company called Gauss Interprise Consulting AG.

Gauss Interprise, in Hamburg, Germany, can be reached at +49-40-51441-0, or via the Web at http://www.gauss-interprise.com/. Magellan Software, in Irvine, California, is at +1-949-784-8000, or at http://www.magellan.com/.

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