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Summit V Database Supplier
Acquired by IBM
On April 24, 2001, Informix and IBM jointly announced that they have entered into a definitive agreement for IBM to acquire the assets of Informix Software, Informix Corporation's database business, in a cash transaction valued at $1.0 billion. Informix is the supplier of the underlying database and development environment, Unidata and System Builder respectively, used by Summit V.

We consider this to be an event of great significance for the software industry and the business community at large, and one that we expect to be of substantial benefit to our customers. The key points of the announcement that support this belief are as follows:

• IBM plans to continue selling, supporting, and updating the Informix database products once the acquisition is completed, which means that your current investment is protected. This commitment specifically includes UniData, System Builder, as well as the associated tools.
• IBM will integrate the Informix database business operations and personnel into the existing IBM Software Data Management Division, which means that you will see no disruption in service and support.
• IBM will maintain existing relationships with business partners, which will result in additional business opportunities.
• Through IBM's worldwide presence, Informix's innovative technology can now be enjoyed by many more users, which will result in a larger community.
• Informix databases will be part of the extensive portfolio of IBM products, to the mutual benefit of both, which provides our customers a long-term growth strategy.

  Becoming part of the data management assets of a world-class company is a very positive development for our Unidata/System Builder customers. This acquisition ensures continued ability to meet your future technology needs through continued development.

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