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.