E.Piphany (NASDAQ:EPNY)
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Epiphany, Inc. (Nasdaq:EPNY) today announced that on
September 13, 2005, pursuant to the terms of its pending merger with
SSA Global Technologies, Inc., Epiphany's board of directors approved
a special cash distribution of $2.13 per share, which is part of the
$4.20 per share merger consideration to be paid upon closing. The
record date for the special distribution shall be immediately prior to
the effective time of the merger, which is currently expected to be on
or about September 29, 2005. The payment date for the special
distribution is currently expected to be on or about October 6, 2005.
The special distribution of $2.13 per share shall be in addition to
the cash merger consideration of $2.07 per share so that each holder
of Epiphany common stock shall receive $4.20 per share in exchange for
their shares of Epiphany common stock if the merger with SSA Global is
consummated.
Forward-Looking Statements
This press release contains forward-looking statements relating to
the size and timing of the special cash distribution and our ability
to complete a merger with SSA. Actual results could differ materially
from such forward-looking statements. Factors that could cause actual
results to differ materially from the forward-looking statements
include the failure to satisfy one or more conditions to the
completion of the merger, including the receipt of Epiphany
stockholder approval and our ability to make the special distribution.
Our proposed merger with SSA involves a high degree of risk. Whether
or not the merger is completed, we will incur substantial expenses in
pursuing the merger. In addition, if the merger is terminated under
specified circumstances, we may be required to pay SSA a substantial
termination fee. If the merger is not completed for any reason, our
relationships with customers, partners and employees, and our
financial results, could be harmed. Certain of these factors, and
others, are described in more detail in our public reports filed with
the Securities and Exchange Commission, such as those discussed in the
"Risk Factors" section included in our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q and in our prior press releases.
Epiphany assumes no duty to update forward-looking statements.
About Epiphany
Epiphany(R) provides CRM software solutions that increase
profitability at the largest consumer-oriented companies by making
every customer interaction intelligent. With over 475 customers --
including nearly 35 percent of the Fortune 100 -- Epiphany powers deep
customer insights and optimizes each relationship from both a revenue
generation and customer retention viewpoint. Built on the industry's
most advanced, service-oriented architecture, Epiphany software
solutions address problems that span business silos, departmental
functions and geographic locations, and result in rapid, measurable
ROI. With a suite of blended marketing, sales and service solutions,
Epiphany enables global organizations to align touch points, processes
and technologies around the most valuable enterprise asset -- the
customer. With worldwide headquarters in San Mateo, CA, Epiphany
serves customers in more than 40 countries worldwide. For more
information please visit www.epiphany.com.