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Technology & Telecommunications

August 02, 1994|From Times Staff and Wire Reports

Sterling Software to Buy KnowledgeWare: The company said it will pay $135 million, or about $7.85 a share, for KnowledgeWare Inc. The stock-swap transaction settles concerns over the future of once-high-flying KnowledgeWare, whose fortunes began to wane in 1991 as its main line of business--mainframe computer software--started to become obsolete. The merger will expand Dallas-based Sterling's product line to include computer-aided software engineering products, which enable mainframe and other computers to work together. Atlanta-based KnowledgeWare, formed in 1986, has experienced difficulties in recent years because companies have been shifting from mainframes to networks of personal computers.

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