SAN MATEO, Calif., Nov. 2 /PRNewswire/ -- Enlighten Software Solutions,
Inc. (Nasdaq: SFTW), a leading provider of integrated event monitoring and
system management software for Linux, Unix and Windows, today announced that
it has retained the investment banking firm of Houlihan Lokey Howard & Zukin
("HLHZ"), San Francisco, California to advise the Board of Directors regarding
its strategic alternatives for maximizing shareholder value which could
include strategic investment, merger or acquisition.
There is no assurance that a transaction will be consummated. If a
transaction is consummated, there can be no assurance as to the price or other
terms at which such a transaction might be concluded.
Enlighten management will hold a conference call today at 2pm PST to
discuss this announcement and the company's financial results for the third
quarter. Interested parties may access a free Webcast over the Internet via
Enlighten's Website at http://www.enlightendsm.com and through StreetEvents at
http://www.streetevents.com . If you are unable to participate for the live call, a
replay will be available through the Webcast the addresses above, or through
November 9 by dialing 703-925-2435, code #4666712.
About Enlighten
Enlighten Software Solutions, Inc. is a leading provider of single point
workgroup administration and event monitoring solutions for Linux, Unix, NT
and Windows in open systems, distributed and Internet computing environments.
The company's award-winning EnlightenDSM product suite provides cost-effective
systems administration solutions for Linux (Red Hat, SuSE, Mandrake-Linux and
TurboLinux), Sun Microsystems, IBM, Hewlett-Packard, SGI, SCO, NT and Windows
95/98. The EnlightenDSM product suite provides comprehensive functionality
with unprecedented ease of installation and use. The EnlightenDSM product
suite conforms to industry standard frameworks yet allows seamless integration
with other vendors' point solutions. For more information, please visit the
company's web site at http://www.EnlightenDSM.com .
Enlighten is a registered trademark and EnlightenDSM is a trademark of
Enlighten Software Solutions, Inc. All other product and company names may be
registered trademarks or trademarks of their respective owners.
About Houlihan Lokey Howard & Zukin
Founded in 1970, Houlihan Lokey Howard & Zukin is an international
investment bank providing a wide range of services, including mergers and
acquisitions, private placements of debt and equity capital, business and
securities valuations, financial opinions, litigation support, financial
restructuring and merchant banking services. In 1999, the firm served more
than 1,100 clients from its 10 offices across North America and Asia.
HLHZ advised on more than $39 billion in announced domestic mergers and
acquisitions in 1999, and has been ranked in the "Top 20" M&A advisors in each
of the last eight years. In addition, HLHZ acted as agent in more than
$1 billion in financings in 1999 for the third straight year, and as advisor
or investor in over $1 billion of merchant banking capital. For further
information, please visit the Houlihan Lokey Web site at http://www.hlhz.com .
SOURCE Enlighten Software Solutions, Inc.
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Related links:
http://www.enlightenDSM.com
CONTACT:
Bill Bradley, President and CEO, or Steve
Giusti, VP Finance and CFO, both of Enlighten Software Solutions,
650-578-0700; Stephen P. Mark, Vice President of Houlihan Lokey
Howard & Zukin, 415-974-5888, email, smark@hlhz.com; or General,
Lisa Horn Chainey, Investors, Karen Keating, or Media, Dawn
Swidorski, all of Financial Relations Board, 415-986-1591
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