Tuesday
Jun192001
FLASH Sun Buys ISOPIA - LMS Company
June 19, 2001
TechLearn TRENDS normally does not carry merger news, but this one just
came off the wires and we thought that it was interesting in terms of Sun
Microsystem's entry into this field:
PALO ALTO, Calif. -- June 19, 2001 -- Sun Microsystems, Inc. (NASDAQ:
SUNW) today announced that it has signed an agreement to acquire ISOPIA,
Inc., a privately held company located in Toronto, Canada. ISOPIA is the
developer of an industry-leading Integrated Learning Management System
(ILMS) that enables the delivery of online training and end-to-end
management of training products entirely through the World Wide Web.
Sun's
training arm, Sun Educational Services, is already recognized as one of
the
top IT training solutions organizations worldwide. Sun expects that this
acquisition will further enhance its position in the IT and broader
corporate education world by enabling it to consistently provide
enterprises
worldwide with complete learning services.
Under the terms of the agreement, Sun will acquire ISOPIA in a stock and
cash transaction. This acquisition will be accounted for as a purchase,
and
in-process R & D charges are expected to be immaterial. The closing of
the
acquisition is subject to governmental and ISOPIA stockholder approvals,
as
well as customary closing conditions. Following completion of the
acquisition, Sun plans to make ISOPIA a part of Sun Educational Services,
reporting into Vice President and General Manager, Dr. Bill Richardson.
"The acquisition of ISOPIA will complement Sun's vision of using the Web
to
deliver services," said Richardson. "ISOPIA's industry-leading ILMS
system,
combined with Sun's education consulting, courseware, eLearning program
and
professional certifications, will help Sun's enterprise customers better
deploy new Net technologies in their IT organizations and better manage
all
of their corporate learning programs."
came off the wires and we thought that it was interesting in terms of Sun
Microsystem's entry into this field:
PALO ALTO, Calif. -- June 19, 2001 -- Sun Microsystems, Inc. (NASDAQ:
SUNW) today announced that it has signed an agreement to acquire ISOPIA,
Inc., a privately held company located in Toronto, Canada. ISOPIA is the
developer of an industry-leading Integrated Learning Management System
(ILMS) that enables the delivery of online training and end-to-end
management of training products entirely through the World Wide Web.
Sun's
training arm, Sun Educational Services, is already recognized as one of
the
top IT training solutions organizations worldwide. Sun expects that this
acquisition will further enhance its position in the IT and broader
corporate education world by enabling it to consistently provide
enterprises
worldwide with complete learning services.
Under the terms of the agreement, Sun will acquire ISOPIA in a stock and
cash transaction. This acquisition will be accounted for as a purchase,
and
in-process R & D charges are expected to be immaterial. The closing of
the
acquisition is subject to governmental and ISOPIA stockholder approvals,
as
well as customary closing conditions. Following completion of the
acquisition, Sun plans to make ISOPIA a part of Sun Educational Services,
reporting into Vice President and General Manager, Dr. Bill Richardson.
"The acquisition of ISOPIA will complement Sun's vision of using the Web
to
deliver services," said Richardson. "ISOPIA's industry-leading ILMS
system,
combined with Sun's education consulting, courseware, eLearning program
and
professional certifications, will help Sun's enterprise customers better
deploy new Net technologies in their IT organizations and better manage
all
of their corporate learning programs."
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