- 5 August 2003 11:30
MERCURY INTERACTIVE ACQUIRES TECHNOLOGY FROM ALLEREZ CORPORATION
Business Technology Optimization Product Leadership Expanded With Enterprise Class Reporting and Analytics
SUNNYVALE, CALIF. – AUGUST 4, 2003 –Today, Mercury Interactive Corporation, (NASDAQ: MERQ), the global leader in business technology optimization (BTO), announced it has acquired technology assets from Allerez Corporation, a privately held company based in San Mateo, California.
The Allerez reporting and analytics technology transforms real-time data into actionable information that CIOs need to make strategic decisions and run IT as a business. The acquired Allerez technology enables organizations to integrate and aggregate data from multiple, disparate data sources and produce real-time reports and analytics. The acquisition of the Allerez technology will extend the customized reporting capabilities in Mercury Interactive’s application delivery and management software. Under the terms of the asset purchase agreement that closed July 11, 2003, Mercury Interactive paid US$1.254 million in cash for specified intellectual property assets.
“Mercury Interactive is proactively addressing our customer’s current and future needs for real-time reporting and analytics with the acquisition of the Allerez technology. This technology acquisition is part of our ongoing ‘build, buy, and partner’ strategy to extend our product leadership in the BTO industry,” said David Murphy, Mercury Interactive vice president corporate development. “We will also continue to partner with leading analytics and reporting companies to ensure that Mercury Interactive customers have the most advanced offerings for their BTO initiatives.”
“We are excited to bring our expertise and technology in custom reporting and analytics to Mercury Interactive,” said Jed Putterman, founder of Allerez Corporation and recently appointed engineering director at Mercury Interactive. “The purchase of Allerez technology will greatly increase the flexibility of Mercury Interactive customers to make strategic BTO decisions from real-time data.”
ABOUT MERCURY INTERACTIVE CORPORATION Mercury Interactive, the global leader in business technology optimization (BTO), delivers Optane, a family of products for application delivery and management, that enables customers to optimize business processes and maximize business results. Customers worldwide use Mercury Interactive’s Optane to improve quality and performance, reduce costs, and align IT with business goals.
Founded in 1989, Mercury Interactive is headquartered in Sunnyvale, California, with offices in more than 25 countries. Further information is available at www.mercuryinteractive.com. The company's common stock trades on the Nasdaq National Market under the symbol MERQ.