latest news releases from the newsroom
Telelogic Introduces Dynamic Requirements Management and Unveils DOORS/ERS 7.0
MALMO, Sweden, July 7, 2003 (PRIMEZONE) -- Telelogic (Stockholm:TLOG) (Other OTC:TGIAF), the leading global provider of solutions for advanced systems and software development, today introduced Dynamic Requirements Management to the systems and software development community. Dynamic Requirements Management is the practice of effectively managing an evolving set of requirements within a complex incremental/iterative development project. This is only possible through the new and enhanced features found in DOORS/ERS 7.0.
Blyth, Inc. Acquires Leading European Seasonal Decorations Company Kaemingk B.V.
GREENWICH, Conn., July 7, 2003 (PRIMEZONE) -- Blyth, Inc. (NYSE:BTH) (the Company), a worldwide leader in the home expressions marketplace, today announced that it has acquired Kaemingk B.V., an Aalten, Netherlands-based designer and marketer of a wide range of premium seasonal decorations. Kaemingk's product lines feature Christmas decor, including ornaments, lighting, trim, glassware, candles and plush animals, as well as spring and summer decorative accents and tabletop products. A purchase price was not disclosed at this time. The Company noted that consideration for Kaemingk was within Blyth's historical valuation practices and objectives, and that the acquisition will be accretive in fiscal year 2004. Kaemingk's net sales for the fiscal year ended December 31, 2002 totaled 64 million euros. Based on a 2003 year-to-date average conversion rate of $1.10, Kaemingk's 2002 net sales would equal approximately $70.4 million. The company has been owned and managed since 1992 by Jos van Tol, who will continue to manage the company.
Silverpop Completes Acquisition of Avalon's E-Mail Marketing Division
ATLANTA, July 7, 2003 (PRIMEZONE) -- Silverpop, a fast-growing provider of comprehensive e-mail marketing solutions, has completed its acquisition of the large enterprise business of Avalon Digital Marketing Systems (Nasdaq:AVLN), an Irvine, Calif.-based leader in customer communications software and services. The acquisition of these assets makes Silverpop one of the largest private companies in its industry and tremendously enhances the offerings of both organizations.
ViroPharma Announces Lead Compound Series with Potent Antiviral Activity Against Orthopoxviruses
EXTON, Pa., July 7, 2003 (PRIMEZONE) -- VIROPHARMA INCORPORATED (Nasdaq:VPHM) today announced that its scientists have discovered a lead compound series from VIROPHARMA's unique chemical library that shows potent and specific antiviral activity against orthopoxviruses, including monkeypox virus, at concentrations that have no adverse effects on normal cells in culture. Moreover, compounds in the series have been shown to be orally bioavailable in animal studies. VIROPHARMA is collaborating in this effort with the U.S. Army Medical Research Institute of Infectious Diseases (USAMRIID) in Frederick, Maryland. USAMRIID has confirmed the activity of the VIROPHARMA compounds against a range of orthopoxviruses and expects to determine, within the next few weeks, the activity of the compounds against the deadly variola (smallpox) virus in tests to be conducted at the Centers for Disease Control and Prevention (CDC) in Atlanta. Orthopoxviruses are a group of closely related viruses that include vaccinia, cowpox, monkeypox, camelpox and variola (smallpox) viruses.
Cordiant Communications Group PLC
Cordiant Communications Group (`Cordiant') -- Disposal of FD International
LONDON, July 7, 2003 (PRIMEZONE) -- Cordiant has entered into a conditional agreement to sell 100% of FD International, its business communications network, to new legal entities owned and financed principally by funds managed by Advent International, the global private equity firm. The purchase consideration is 26.0 million Pounds payable in cash at completion. The 26.0 million Pounds is subject to upwards or downwards adjustment based on a completion statement to be agreed or determined following completion. This transaction represents the final step in Cordiant's stated plan to reduce debt through a programme of non-core asset disposals. The net transaction proceeds will be applied to repay borrowings.