View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 4, 1988


By CBR Staff Writer

The auction between Econocom International NV and the venture capital fund-backed Onset Corp for Decision Data Computer’s parent Decision Industries Inc, Horsham, Pennsylvania, ended with the old year when Onset raised its bid to $11 a share from $10.50, and Econocom retired from the fray. Econocom, which has 23%, comes out of the agreed arrangement between the three companies very well: it says it only wanted Decision so that it could offer lease finance to the company’s customers, which are mainly in the IBM System 36 and 38 market. It has won agreement from Decision and Onset for a joint marketing arrangement that will achieve that objective, enabling it to offer lease terms to Decision’s customers on all their computer equipment. The agreement will take effect as soon as the Onset tender offer, now extended to January 14, is complete, but the merger with Onset will be postponed to April 29. Onset is backed by New York venture capitalists J H Whitney Co and Welsh, Carson, Anderson & Stowe Inc. Decision Data Computer’s European operations are 51% owned by Olivetti.

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.