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April 15, 1994

BOOLE & BABBAGE TO BUY SYSNET OF NORWAY

By CBR Staff Writer

Boole & Babbage Inc, Sunnyvale, California has a letter of intent to acquire Sysnet A/S, an Oslo, Norway-based provider of system administration software for distributed client-server environments. Boole & Babbage is to acquire Sysnet’s assets and some liabilities, for $4.1m in cash plus contingent payments based on product performance; its sales force will begin distributing Sysnet’s products immediately. Product development will remain in Oslo.

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