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BW: Computone Acquires Leading Linux/Unix Service and Support Company... Multi-User Solutions...

Jun 30, 2000, 20:30 (1 Talkback[s])


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"Computone Corporation (OTC BB: CMPT) said today that it has completed the acquisition of Multi-User Solutions, Ltd., of Norcross, a leading third party provider of service and support specializing in Linux, SCO UNIX, Windows NT, and other Open Systems."

"Perry Pickerign, president and CEO of Computone, said the combining of the two Atlanta-area companies "represents a significant step forward for Computone, broadening the size, reach and offerings of the company." He said the acquisition was completed for an aggregate consideration of $4 million in cash and 800,000 shares of Computone stock, noting that the consideration is subject to an increase of up to $1.5 million dependent on the satisfaction of specified performance objectives."

"Both Atlanta area companies have emerged as leaders serving the needs of the rapidly-growing marketplace of small and medium-size companies using SCO UNIX, Linux, Windows NT and other Open Systems solutions. Multi-User Solutions will operate as a subsidiary of Computone, which is a pioneer in IT connectivity and remote access communications technology and products, with Darrin Sherrill, its co-founder, serving as COO and reporting to Pickerign."

Press Release