NEWTON, MA – Rocket
Software and Seagull Software
announced an agreement for Rocket to acquire 100% of the shares of Seagull for
4.33 Euros per share, representing a 94% premium over the closing price of
Seagull shares on December 4, 2006.
Rocket Software builds enterprise infrastructure products
for OEM’s, networks and software companies.
Seagull Software develops technology that translates legacy applications
into SOA-compliant web service applications via its LegaSuite ® software
platform. Seagull claims its software
programs are in use by more than 10,000 businesses and governmental
institutions worldwide. Seagull has
offices throughout Europe, Asia and the United States.
Rocket Software is privately-held and has offices throughout
the US, China, Russia
and the UK.