Mro Software (NASDAQ:MROI)
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MRO Software, Inc. (Nasdaq: MROI), the leading provider
of asset and service management solutions, today announced that at a
special meeting of shareholders held today the Company's shareholders
approved the Agreement and Plan of Merger, dated as of August 3, 2006,
by and among International Business Machines Corporation, Kennesaw
Acquisition Corporation and MRO Software, Inc.
The Company also announced that on August 29, 2006, the Federal
Trade Commission granted early termination of the waiting period
required under the Hart-Scott-Rodino Antitrust Improvements Act of
1976.
The Company currently expects the transaction to close during the
first half of October 2006.
About MRO Software, Inc.
MRO Software is the leading provider of asset and service
management solutions. The Company's integrated suite of applications
optimizes performance, improves productivity and service levels and
enables asset-related sourcing and procurement across the entire
spectrum of strategic assets.
The Company's asset management solutions allow customers to manage
the complete lifecycle of strategic assets including: planning,
procurement, deployment, tracking, maintenance and retirement. Using
MRO Software's solutions, customers improve production reliability,
labor efficiency, material optimization, software license compliance,
lease management, warranty and service management and provisioning
across the asset base.
MRO Software (Nasdaq: MROI) is a global company based in Bedford,
Mass., with approximately 900 employees and more than 300,000
end-users. The Company markets its products through a direct sales
organization in combination with a network of international
distributors. MRO Software has sales offices throughout North America,
Europe, Asia/Pacific and Latin America. Additional information on MRO
Software can be found at http://www.mro.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934, including statements about the
expected timing of the closing of the merger. These statements are
subject to risks and uncertainties, as a result of which actual events
may differ materially from those described in the forward looking
statements. These risks and uncertainties include the following. The
closing of the merger transaction is contingent upon the completion of
required regulatory reviews in certain non-US jurisdictions and other
customary closing conditions, and there can be no assurance that the
regulatory review process will not be delayed or that the closing will
occur when expected.
MRO Software(TM) is a trademark of MRO Software, Inc.