SECURITIES AND EXCHANGE COMMISSION
Washington DC 20549
FORM 6-K
REPORT OF FOREIGN ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
For the month of November, 1998
GENTIA SOFTWARE PLC
Tuition House
St George's Road
Wimbledon
London SW19 4EU
United Kingdom
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
----- -----
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
----- -----
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
82- N.A.
Page 1 of 3 Pages
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused the Report to be signed on its behalf by the
undersigned, thereunto duly authorized.
GENTIA SOFTWARE plc
By: /s/ George F Sprenkle
George F Sprenkle
Chief Financial Officer
Date: November 24, 1998
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EXHIBIT A
Press Release Announcing Acquisition of Compression Sciences
GENTIA SOFTWARE
Tuition House, St. George's Road
Wimbledon
London SW19 4EU
(Nasdaq: GNTIY)
AT THE COMPANY: AT THE FINANCIAL RELATIONS BOARD:
- --------------- ---------------------------------
George Sprenkle For Analyst Info: Julie Creed (312) 640-6724
Chief Financial Officer For General Info: Kelly Lofts (212) 661-8030
(781) 224-0750 For Media Info: Alicia Nieva-Woodgate (415) 986-1591
FOR IMMEDIATE RELEASE
- ---------------------
GENTIA ANNOUNCES ACQUISITION OF COMPRESSION SCIENCES
----------------------------------------------------
*Strategic Acquisition Provides Key Technology For Analytical
Application Delivery
BOSTON, November 10, 1998 -- Gentia Software (Nasdaq: GNTIY), a developer of
analytical applications for enterprise management, today announced that it has
acquired Compression Sciences in a cash transaction valued at $3.1 million.
Compression Sciences has developed K.wiz, a totally Java-based knowledge
discovery and data mining solution. Under terms of the agreement, Compression
Sciences, will become a wholly owned subsidiary of Gentia Software. The
acquisition will be treated as a purchase for accounting purposes. In connection
with the transaction, Gentia expects to record a one-time charge in the fourth
quarter of 1998 relating to in-process technology in the range of 30%-50% of the
purchase price.
Multidimensional databases are effective in providing summaries of data, which
is sufficient if users know what needs to be analyzed and have the time to
complete the analysis. K.wiz on the other hand can independently analyze large
quantities of data and automatically highlight key trends. K.wiz components
offer data transformation, visualization, and discovery algorithms that deliver
complementary value-added analytical capabilities to client/server and
Internet-deployed applications. With unmatched scalability, automation and
deployment capabilities, K.wiz's unique Java-based server technology and open
architecture make it especially appealing to today's growing corporations
looking for enterprise data mining capabilities across diverse and distributed
computing environments.
Paul Rolph, Chairman and Chief Executive Officer of Gentia, said "Customers
continue to demand faster ROI from their information technology infrastructure,
which has in turn, fueled the market for analytical applications. Integration of
knowledge discovery and data mining capabilities into these solutions takes them
to the next level by supporting predictive decision making and further enabling
optimization of business performance. This is especially critical for electronic
commerce applications.
(more)
<PAGE>
Gentia Software, page 2
"K.wiz's next generation data mining capabilities enables us to deliver real
competitive advantage to our clients. For example, a financial services company
may wish to identify which customers in its current base will purchase a new
product, or a telecommunications company may like to predict which customers are
most at risk to switching to a rival supplier. By extending our Gentia platform
for analytical applications with Compression Science's technology, we can
provide a new class of analytical applications that incorporates advanced
business intelligence. As a result, we plan to leverage K.wiz data mining
capabilities into our suite of Enterprise Performance Management applications,
including the Renaissance Balanced Scorecard powered by Gentia," concluded Mr.
Rolph.
K.wiz was launched in August at the 4th International Knowledge Discovery & Data
Mining Conference in New York and was very well received by the industry. This
K.wiz product is available today and will be showcased at the upcoming "Java
Business Expo" in New York on December 8th.
About the Company
Gentia Software (Nasdaq: GNTIY) is the leading supplier of analytical
applications that enable clients to maximize their competitive position through
enterprise-wide deployment of strategy management, performance measurement and
operational analysis solutions. By leveraging the only networked Business
Intelligence solution designed for enterprise-wide deployment, Gentia enables a
new class of analytical applications, such as the Balanced Scorecard, which
ensures information delivery to key decision makers' desktops and browsers
throughout an enterprise. Gentia Software's worldwide client list of more than
500 customers includes JP Morgan and Company, Volvo, McDonald's Restaurants,
Fortis, Swiss Reinsurance and Sun Microsystems. The Company has headquarters in
Boston and London and operates in more than 20 countries worldwide.
For additional information about Gentia, visit the Company's Web site at
www.gentia.com or call 1-888-4GENTIA or 1-781-224-0750. To receive additional
information via fax at no charge, dial 1-800-PRO-INFO and enter code GNTIY.
This news release contains statements of a forward-looking nature relating to
the financial performance of Gentia Software. Such statements are based upon the
information available to management at this time, and they necessarily involve
risk because actual results could differ materially from current expectations.
Among the many factors that could cause actual results to differ from those set
forth in the Company's forward-looking statements are changes in general
economic conditions, actions taken by customers or competitors, and the receipt
of more or fewer orders than expected.
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