Westmont, IL July 27, 1998 In a strategic move to increase market share within the packaged data mart arena, privately-held Silvon Software, Inc. today announced the sale of its Software Development Management (SDM) business unit to Waterloo, Ontario (Canada)-based Mortice Kern Systems, Inc. (MKS) - (TSE: MKX).
The SDM business unit sale follows a corporate decision to expand focus and resources to meet a growing demand by businesses worldwide for application data marts and analytic applications with Silvon’s flagship product DataTracker.
"Market demand for our cost-effective, easily deployable business intelligence solutions is very strong and growth in this area requires our management team's full attention," said Mike Hennel, founder and CEO of Silvon Software, Inc. "Our increased resources will allow us to take greater advantage of new technologies as they become available, and to expand our global sales channels more aggressively. In addition, we will be in a better position to roll out more analytic applications to meet the growing needs of our partners and customer base worldwide."
The decision to focus exclusively on the data mart business came as a result of strong, strategic relationships with IBM and Microsoft which has led to Silvon's leadership in the packaged data mart/ analytic application market with over 900 successful customer installations over an eight-year period.
"Our early growth and market acceptance was driven in part by the SDM business; and now to grow to the next level, we must concentrate on a single core competency," Hennel said. "MKS is in an ideal position to expand and grow the enterprise software development management market with the change management, software testing and Year 2000 products that the SDM product line already offers."
Silvon Software is a global Application Data Mart (ADM) solution provider headquartered in the western Chicago suburb of Westmont, Illinois. For the past 10 years Silvon has been delivering multi-platform business intelligence ADMs for the industrial supply chain segment, including manufacturing (discrete and process), wholesale/distribution and retail. Silvon has strategic alliances with industry leaders such as IBM, Microsoft, JDA Software, Acacia Technologies (div. Computer Associates), MAPICS, Marcam Corporation and Orcom Systems to deliver high performance, industry-specific application data marts that leverage core transaction system investments and increase ROI. The company’s DataTracker data mart suite is currently installed in more than 900 sites worldwide and supported by a network of OEMs, value-added resellers and independent distributors. More information about Silvon is available by calling 1-800-874-5866 or via the Company's home page on the Internet at http://www.silvon.com