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October 7, 1999

TenFold Broadens Software With LongView Buy

By CBR Staff Writer

TenFold Corp, the Salt Lake City, Utah software and services company, is paying an undisclosed sum to buy The LongView Group Inc, a provider of institutional portfolio management and trading desk software. The logic of the merger is that LongView’s electronic trading and trade order management expertise will provide a fit with TenFold’s transaction processing and mid- and back-office management skills.

While TenFold anticipates a one-time charge for a write-off of in process R&D in the fourth quarter, it expects a neutral or positive impact on earnings in 2000 and an increasingly positive impact after 2000. Boston, Massachusetts-based LongView employs about 70 staff and has a customer base of blue chip financial institutions. It was sold by Barclays Global Investors, part of the UK banker Barclays Plc.

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