Ameritege Acquires Cayenta Multi-Channel Commerce Unit
Company re-emerges as “Assist-Cornerstone Technologies”
SALT LAKE CITY, UT – August 1, 2002 – Ameritege has completed the acquisition of
Cayenta’s Multi-Channel Commerce business unit from The Titan Corporation. Titan
purchased Assist-Cornerstone Technologies in 1999 and the group has continued
operations from its Salt Lake City location as an independent business unit of Titan’s
Cayenta subsidiary. Details of the financial transaction were not disclosed.
Ameritege is a technology holding company with a focus on enterprise software
businesses that have a demonstrable history of delivering solutions to the markets they serve. Ameritege brings a seasoned management team with software development expertise, a commitment to develop leading IT solutions, and a successful track record of managing its portfolio companies.
The company will re-claim the name Assist Cornerstone Technologies – the
company’s name prior to becoming an operating unit of Cayenta. Tom Fracisco will
continue to lead the company as President of Assist. Over the past few years, Assist has expanded its direct-to-customer order management and fulfillment solutions to serve businesses that require integrated IT solutions to manage multi-channel sales and marketing initiatives. They have also released Assist WebStore, a comprehensive solution for managing the Web as an integrated part of overall multi-channel commerce.
“We believe that our ability to focus on our core markets and the technologies
necessary to provide leading IT solutions to our customers will be well served by this
action,” said Tom Fracisco, President of Assist. “We are excited by the opportunity this
gives us to improve our focus and continue to grow our business.”
“We are very excited to have Assist join Ameritege,” said Oran Thomas,
President of Ameritege Technology Partners, “and we are encouraged by the market
opportunities for their software products in light of today’s rapidly-changing needs for
integrated multi-channel retail solutions. We intend to continue investing in Assist, its
products, customers, and the employees who deliver multi-channel commerce solutions
to the market.”
About Assist-Cornerstone Technologies:
Assist-Cornerstone Technologies has delivered solutions to the direct-to-customer
retailing market since 1987. Assist is a complete, integrated order management and
fulfillment software solution that serves direct-to-customer and multi-channel retailers.
Other members in the Assist software suite include Assist Financials and Assist
WebStore. The Assist product suite can be delivered as a complete family or as
independent modules that integrate with customers’ existing IT systems. For more
information on Assist, please visit www.assistintl.com or call 800.732.0136.
About Ameritege
Ameritege Technology Partners was founded in 1998 as a holding company for software
business acquisitions. Formed by successful software industry executives that have run
both private and public software companies, Ameritege is a privately held firm that has
successfully acquired multiple businesses including UTS®, the software division of
Amdahl, and the SoftWindows® product line from Insignia Solutions, Inc. For more
information, visit www.ameritege.com.
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