Combination Extends Altiris IT Lifecycle Management Solutions by Adding Market Leading Application Management From Wise and Leverages Partner and Customer Relationships
SALT LAKE CITY, Dec. 2 /PRNewswire-FirstCall/ -- Altiris, Inc. (Nasdaq: ATRS - News), a leader in systems management solutions that reduce the total cost of owning information technology, today announced that it has acquired privately held Wise Solutions in a combined cash and stock transaction valued at approximately $43 million.
Wise Solutions is the leading provider of enterprise application management solutions and is best known for its expertise in application packaging, including conflict analysis and resolution. Wise Solutions has licensed its Wise Package Studio products to a wide range of customers and partners such as Dell, HP, WalMart, Universal Studios and GlaxoSmithKlein.
The strategic acquisition of Wise significantly enhances Altiris' IT lifecycle management offerings with the addition of Wise branded products, and provides Altiris with technology that will enhance existing client and server management offerings, specifically in software delivery and patch management. The acquisition is expected to be immediately accretive and is expected to provide operational efficiencies over time.
"Through this strategic acquisition, Altiris adds world class software packaging and delivery capabilities to our portfolio of IT lifecycle management offerings," commented Greg Butterfield, President and CEO of Altiris. "Through our existing partnership with Wise, we have already been successful in winning new customer relationships and are now positioned to further leverage our channel partner relationships. As a result of this acquisition, we expect to further integrate the technologies and expand our branded offerings."
Rockwell Automation, a leading industrial automation company with annual sales of approximately $4 billion, uses Altiris and Wise Solution technologies to automate desktop and laptop management for more than 12,000 employees.
Jim Harings, Rockwell Automation global administration analyst, said, "We use Altiris and Wise Solutions to help reduce the cost of software configuration management. These complementary technologies help us automate and standardize application management and software distribution. A natively integrated solution will help us further create a more stable software environment and ultimately increase end-user productivity while reducing help desk costs."
"When there are thousands of machines within an IT department's responsibility, repackaging is an important part of the overall software distribution process," said Fred Broussard, senior research analyst for IDC's PC and Device Management Software. "A software distribution solution that can take advantage of repackaging capabilities to speed software delivery to the desktops is going to strengthen Altiris' product line."
Under the terms of the agreement, Altiris agreed to pay approximately $31.5 million in cash and issue 348,797 shares of Altiris common stock for all capital stock of Wise Solutions. A portion of the consideration has been placed in escrow to satisfy certain indemnification obligations of the Wise Solutions shareholders.
Conference Call Information
Altiris, Inc. will broadcast a conference call and corresponding webcast to discuss the acquisition today, December 2, 2003 starting at 10:00 a.m. Eastern Time. Interested parties may access the live call by dialing 800-218-8862. A live webcast of the call will be available on the Investor Relations section of the company's web site at http://www.altiris.com/company/investor. For those unable to listen to the live call or webcast, a replay of the call will also be available on the Altiris web site, or by dialing 800-405-2236 and entering passcode 561528.
Altiris, Inc. offers a full line of Web-enabled solutions that empower organizations to easily manage desktops, notebooks, handhelds, and Windows, Linux and UNIX servers throughout the IT lifecycle. Altiris provides fully integrated, complete systems management solutions for client and mobile, server, and asset management. Altiris' vision is to automate, simplify, and reduce the cost and complexity of IT lifecycle management with a rapid return on investment. For more information, visit www.altiris.com
Wise Solutions, Incorporated, is a leading provider of application installation and management software and services. With global headquarters in Plymouth, Michigan; and regional sales and professional services offices in Washington, DC; Redmond, Washington; and the Netherlands, Wise provides installation and management solutions, training, and consulting services to customers worldwide. Wise corporate solutions, including the award-winning Wise Package Studio, help system administrators solve their application installation and management problems. Wise's unmatched expertise in the installation market and experience helping companies deploy applications is the basis for the company's renowned products and services. Learn more about Wise Solutions on the Web at www.wise.com .
Note on Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933, including the statements regarding the combination and integration of Wise Solution's business, technologies and products into Altiris and its IT lifecycle management offerings. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, but not limited to, Altiris' inability to successfully integrate, market and sell the integrated technologies and products or otherwise obtain market acceptance of such technologies and products; Altiris' inability to successfully combine the respective businesses, operations and personnel of Wise Solutions and Altiris; the assessment of, or adverse changes to, the market opportunity; the timing of product releases by Altiris, Wise or its competitors; and such other risks as identified in our quarterly report on Form 10-Q for the period ended September 30, 2003 and from time to time in other reports filed by Altiris with the Securities and Exchange Commission.
Altiris is a registered trademark of Altiris, Inc. in the U.S. and in other countries. Server Provisioning Suite and Deployment Solution are trademarks of Altiris, Inc. The other company names or products mentioned are or may be trademarks of their respective owners.