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May 12, 1988

SAMNA BUYS Z-SOFT FOR $4m

By CBR Staff Writer

Samna Corp, the Atlanta, Georgia-based word processing specialist, has bought Z-Soft, a nearby neighbour and author of PC Paintbrush, a best-selling drawing package, and Publisher’s Type Foundry, the font library. Samna expects the acquisition, for which it paid a little over $4m in stock and cash, to make it into a $20m-a-year concern. Samna went public last year and the cash it stockpiled has apparently been burning a hole in its pocket ever since. This is Samna’s second acquisition in the last month. A few weeks ago Samna quietly bought – again for stock, notes and cash – its UK distributor Samna International Ltd. Z-Soft made $1.9m on a turnover of $7.5m its last fiscal year with Europe accounting for 32% of its business. Z-Soft president Art Heizer has signed a two year employment contract and will be staying with the company which also derives revenue from distributing packages it did not write. The Z-Soft acquisition adds 37 people to Samna’s current contingent of 125.

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