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Technology / AI and automation

LACHMAN TECHNOLOGY CHANGES HANDS AGAIN – THIS TIME TO LEGENT CORP FOR $15m

The redoubtable Ron Lachman says he will be staying with Lachman Technology Inc after the Naperville, Illinois-based company passes to Legent Corp for shares worth just shy of $15m (CI No 2,426). Lachman says that the storage side of the company, as represented by its Open Storage Manager, a client-server-based hierarchical management product family, will probably be integrated with similar Legent products over time. But he expects that its OEM-oriented TCP/IP and Network File System networking interests to continue to go their own way, remaining operationally independent and perhaps even retaining the Lachman name. Legent said that it intends to provide an end-user version of Lachman’s Open Storage Manager, now sold to OEM customers and integrators, early next year. Lachman, who was also instrumental in bringing Wabi into existence, first sold Lachman Associates, the precursor of Lachman Technology, to Interactive Systems Corp – which was itself owned by Eastman Kodak Co. Kodak sold off the Unix systems piece to SunSoft, but then around Christmas 1992, Lachman bought back the old Lachman Associates and turned it into Lachman Technology. Kodak unloaded what was left to Toronto, Canada-based SHL Systemhouse Inc. At the time, Lachman quipped that he had set a new executive benchmark of transactions per year, having sold Interactive to SunSoft, Wabi-originator Praxis Corp to Sun Microsystems Inc SunSelect, and what was left of Interactive to Systemhouse. He also, of course, bought back Lachman too. Recent reports indicate Lachman Technology hasn’t been doing that well of late, although the company’s press release describes Lachman Technology as an $8m company.

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CBR Staff Writer

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