“Crystal Systems Solutions…a leading provider of software
renovation solutions, today announced the signing of an agreement
to acquire a controlling interest in privately-held Mainsoft
Corporation of San Jose, California. Under terms of the agreement,
Crystal will invest up to $22.5 million in Mainsoft, with an
initial consideration of $10 million in cash. Total
consideration for this acquisition may increase upon the
fulfillment of certain terms and conditions.”
“Mainsoft develops and markets a Windows(R) platform for UNIX
and LINUX, allowing Windows applications to run natively on UNIX
and LINUX systems. Mainsoft enables independent software vendors
and enterprise customers to leverage their investment in
applications developed for Windows through the generation of native
UNIX and LINUX applications. Using Mainsofts Windows platform for
UNIX, overall development costs are dramatically reduced and time
to market is significantly improved. By agreement with Microsoft,
Mainsoft has access to Windows NT(R) and Windows 2000(R) source
code.”