Indus (NASDAQ:IINT)
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Indus International Inc. (NASDAQ: IINT), a leading Service Delivery
Management (SDM) solution provider, today announced that at a special
meeting of stockholders held today the Company’s
stockholders approved the Agreement and Plan of Merger, dated as of
October 20, 2006, by and among Fortezza Iridium Holdings Inc., Iridium
Merger Sub Inc. and Indus International Inc. Fortezza Iridium Holdings
Inc. is controlled by Vista Equity Partners.
The Company currently expects the transaction to close during the first
half of January 2007.
About Indus International
Indus is a leading Service Delivery Management (SDM) solution provider,
helping clients in a broad array of industries optimize the management
of their customers, workforce, spare parts inventory, tools and
documentation in order to maximize performance and customer satisfaction
while achieving significant cost savings. Indus customer, asset and
workforce management software products, professional services and hosted
service offerings improve our clients’
profitability by reducing costs, increasing capacity and
competitiveness, improving service to their customers, facilitating
billing for services and ensuring regulatory compliance. Indus solutions
have been purchased by more than 400 companies in more than 40
countries, representing diverse industries -- including manufacturing,
utilities, telecommunications, government, education, transportation,
facilities and property management, high tech, consumer packaged goods
and more. For more information, visit our Website at http://www.indus.com.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
This press release contains statements, estimates or projections that
are not historical in nature and that may constitute “forward-looking
statements” as defined under U.S. federal
securities laws. These statements include, but are not limited
to, the successful completion of the merger and the timing of the
completion of the merger. These statements, which speak only as
of the date given, are subject to certain risks and uncertainties that
could cause actual results to differ materially from our Company’s
historical experience and our expectations or projections. These
risks include, but are not limited to, the risk that the transaction is
not consummated or not consummated within the expected timeframe, the
risk that the financing required to pay the purchase price is not
available, and the risk that the expected benefits of the combination of
Indus and MDSI are not realized. Additional factors that may
affect future results are contained in Indus’
SEC filings. Investors are advised to consult Indus’
filings with the SEC, including its fiscal 2006 Annual Report on Form
10-K filed with the SEC, and subsequent Quarterly Reports on Form 10-Q,
for a further discussion of these and other risks.
Indus is a registered trademark of Indus International, Inc. Other
company and product names may be trademarks of the respective companies
with which they are associated.