Artemis & Aonix Align

Artemis Management Systems and Aonix have formed a strategic alignment that leverages the combined development, operational and market strengths of the two companies. Steven C. Yager will assume the role of president and CEO of the combined companies. With combined 1999 revenues of nearly $100 million, the consolidated operation would rank among the top 100 software companies worldwide.

As two significant affiliates of the Gores Technology Group, Artemis and Aonix are both developers of software solutions for the application development marketplace. Together, the companies offer a complement of tools for modeling, planning and measuring application development projects. This includes Aonix Software through Pictures (StP), a visual modeling tool for building object-oriented applications; Artemis Views, an enterprise project management solution for planning and tracking application development activities and resources; and SPR KnowledgePLAN, an application development estimation and measurement tool.

Additionally, both Artemis and Aonix offer solutions independent of the application development market. Artemis offers a suite of client/server and Web-based project and resource management solutions used in a variety of business-critical situations. Aonix also offers state-of-the-art solutions for information access and management.

The Artemis management team, led by Yager, was responsible for the growth of Artemis since 1997, which is now considered a leading project management vendor in the IS/IT market. According to Gene Kennon, Vice President of Marketing at Aonix, "We are excited to have Artemis and Aonix management teams working together in the day-to-day operations of Aonix. We are anxious to begin the process of building on our company synergies, and looking for opportunities to deliver solutions that offer a unique value proposition to the application development market." In the interim, the two companies remain focused on completing current development efforts, and stress their commitment to reinvestment in their core products and on satisfying the needs of their customers.

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