Buyout firm acquires another management software vendor.
LOS ANGELES and PORTSMOUTH, N.H. — Gores Technology Group Monday announced it would acquire application and traffic monitoring software maker Resonate, making the company’s products available via Aprisma Management Technologies sales channels.
GTG will pay between $1.90 and $1.94 per share in a merger transaction to acquire the outstanding stock of Resonate. While the transaction will be subject to customary regulatory and Resonate stockholder approvals, GTG says it expects the deal to close in the second quarter of 2003. Until then GTG plans to distribute Resonate products, such as its Commander line of application performance management software, via the Aprisma salesforce.
“I am excited about the opportunities that this acquisition presents for you, our stakeholders at Aprisma,” said said Mike Fabiaschi, President and CEO of Aprisma in a letter to Aprisma customers.”We believe that Resonate’s products will add valuable new capabilities to the Aprisma solution set and ensure we continue to meet the evolving requirements of our customers and the market.”
GTG in August 2002 purchased network management software maker Aprisma from its then Cabletron sibling Enterasys. Aprisma makes its Spectrum network management software, which the company says manages service levels across network, systems and applications. Resonate develops application performance management software that Fabiaschi said, when coupled with Aprisma’s Spectrum portfolio will give customers tools to manage the growing wave of Web services.
The Web services that Resonate Commander manages are playing an increasingly important role in integration initiatives, said Mike Fabiaschi. For example, IDC predicts the total software, services and hardware opportunity derived from Web services will catapult from $1.6 billion in 2004 to $34 billion by 2007.
Aprisma, with 1,000 customers of its own, could potentially gain more than 600 Resonate customers.
