View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 20, 1997updated 05 Sep 2016 1:00pm

ACCESS SOLUTIONS TO ACQUIRE PAPERCLIP FOR $6M IN SHARES

By CBR Staff Writer

North Kingstown, Rhode Island-based mainframe optical information storage and retrieval systems builder Access Solutions International Inc is to buy the assets and take on some liabilities of Hackensack, New Jersey developer of software for networked document management and imaging systems PaperClip Software Inc for $5.79m in new shares and warrants. Access will pay 1.544 million new shares, each with a Class B warrant attached, each warrant entitling the holder to buy a second Access share at $6. The two will assume the Access name once the deal is complete, but the PaperClip name will live on in products. Access went public only last summer, and in its fiscal first quarter reported sales of just $300,000.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU