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April 21, 1994

CHEYENNE SOFTWARE TO PAY $3.6m FOR BIT SOFTWARE

By CBR Staff Writer

Cheyenne Software Inc, up in Roslyn Heights, New York, has agreement to acquire Bit Software Inc, Fremont, California specialist in the design of stand-alone personal computer communications products providing facsimile, data and speech capabilities. Cheyenne is paying 154,300 new shares, worth an indicated $3.6m, plus asssumption of substantially all its liabilities, for Bit, with completion seen in May. The company will pass to wholly-owned subsidiary Cheyenne Communications Inc. Bit Software’s products include BitCom, BitFax and BitFax Professional, a stand-alone facsimile, data, and speech software package currently sold on the OEM market; Cheyenne will add peer-to-peer networking capabilities for the workgroup computing market as well as selling the existing versions, and will incorporate the Bit Software graphical user interface into its own NetWare Loadable Module-based FAXserve system. Cheyenne Communications is supporting Novell Inc’s AppWare and plans to provide AppWare Loadable Modules.

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