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Prism to Acquire MicroInk Systems, Deal to be Final in April

Press release from the issuing company

3/10/01 (WhatTheyThink) - According to Chris Johnson of Prism Group Holdings and Carol Andersen or MicroInk Systems, Prism will acquire MicroInk in an arrangement that will be finalized in April. Prism provides multi-tasking management systems that integrates business activities including print. The company is based in the UK and has offices in New Zealand, Hong Kong, South Africa and Australia. MicroInk is a US based concern with a leading position in business management systems for the print industry. Carol Andersen is the CEO of MicroInk. After the acquisition, the company's name will change to Prism USA and Andersen will become the CEO of PrismUSA. No layoffs are expected, in fact Andersen said the deal will pour more money into their operation and allow faster growth. Chris Johnson, Group Managing Director of Prism said MicroInk is one of the premier vendors of management software in the industry and an obvious partner for US expansion. Andersen said the deal is great news for their clients as they will have even more resources and product offerings. "We are very excited about Prism. They approached us in August of 2000 and we have been very impressed with their management team, not to mention their products." Prism has more than 500 systems installed all over the world and has been in business for 11 years. MicroInk has worked exclusively with the printing and graphic arts industry, specializing in products and services for small to mid-sized printing companies and in-plants. Their current installed base includes over 1000 systems.