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September 14, 1997updated 03 Sep 2016 4:26pm

VISIGENIC BUYS GERMAN COMPANY TO EXPAND EUROPEAN PRESENCE

By CBR Staff Writer

Object request broker company Visigenic Software Inc has spent $3m acquiring Freiburg, Germany-based Interactive Object Software GmbH, in a move the San Mateo, California company hopes will boost its presence in Europe. The German company specializes in distributed object computing technology and consulting services and will become a subsidiary of Visigenic. Currently there are only four Visigenic employees in Europe, so the introduction of another 28 from Interactive Object will prove a significant to its operations outside of the US. Established in 1993 by Roger Sippl, founder of Informix Software Inc, the company has been struggling recently, reporting first quarter net loses of $2.6m. Visigenic issued 353,767 shares of common stock to acquire the German company, which was founded in 1991.

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