UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: July 8, 1999
(Date of earliest event reported)
Commission File No. 000-21375
ONTRACK DATA INTERNATIONAL, INC.
(Exact name of business issuer as specified in its charter)
MINNESOTA 41-1521650
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
6321 BURY DRIVE, SUITES 13-21, 55346
EDEN PRAIRIE, MINNESOTA (Zip Code)
(Address of principal executive office)
www.ontrack.com (612) 937-1107
(Web address) (Issuer's telephone number)
Item 5. Other Events
On July 19, 1999 Ontrack Data International, Inc. announced it had completed its
acquisition of Mijenix Corporation. Further details of this action are contained
in the press releases of Ontrack Data International, Inc. dated July 8, 1999 and
July 19, 1999 attached hereto as Exhibits 99.1 and 99.2, respectively, and are
incorporated herein by reference.
<PAGE>
Item 7. Financial Statements and Exhibits
(C) Exhibits.
99.1 Press release dated July 8, 1999
99.2 Press release dated July 19, 1999
Signatures
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ONTRACK DATA INTERNATIONAL, INC.
By /s/ Michael W. Rogers
-------------------------------------
Michael W. Rogers
Chairman and Chief Executive Officer
July 26, 1999
EXHIBIT 99.1
For more information:
Joan M. Schimml
ONTRACK Data International, Inc.
800-752-1333
[email protected]
Matt Kucharski/Danielle Engholm
Padilla Speer Beardsley
612-871-8877
[email protected]
[email protected]
ONTRACK ACQUIRES MIJENIX CORPORATION
SUPPORTS COMPANY STRATEGY TO BECOME LEADING SINGLE-SOURCE DATA
AVAILABILITY SUPPLIER
MINNEAPOLIS, July 8, 1999 - ONTRACK Data International, Inc. (NASDAQ: ONDI), the
world leader in data recovery services, today announced an acquisition that
furthers the company's strategy to become the premier single-source provider of
data availability solutions.
Ontrack has signed a definitive agreement to acquire Boulder,
Colo.-based Mijenix Corporation. Privately held Mijenix is a leading supplier of
system software products for enhancing the use of Windows-based computer
systems. The purchase price consists of approximately $7 million in combined
cash and stock plus an earnout that is contingent upon the satisfaction of
certain financial performance goals. The transaction will be accounted for as a
purchase and is expected to close in July 1999.
According to Michael Rogers, Ontrack CEO, the acquisition expands the
company's offerings beyond data recovery to include products for improved PC
performance and failure prevention. "There's no disputing that data has become
the lifeblood of every corporation," he said. "Ontrack has built a reputation as
the expert in recovering lost and damaged data. With the addition of Mijenix, we
can now help prevent problems from occurring in the first place."
<PAGE>
ONTRACK Data International
Page 2
Mijenix, which had $4 million in revenues in 1998, is known in the PC
industry as the developer of several award-winning software products, including
ZipMagic 98 and FreeSpace compression tools, the PowerDesk Utilities 98 file
manager and Fix-It Utilities 99, a general purpose utility for Windows 95, 98
and NT operating systems. The company's products have won numerous awards from
leading industry trade publications, including PC WORLD, WINDOWS MAGAZINE, PC
WEEK and PC MAGAZINE.
Mijenix's 30 employees will remain at their present location in
Boulder, and Mijenix President and CEO Jennifer Kronenberg and Chief Technology
Officer Pierre-Michel Kronenberg will join Ontrack as consultant and chief
technology officer, respectively.
"Ontrack and Mijenix are a natural fit," Jennifer Kronenberg said.
"This agreement combines our expertise in Windows system software and retail and
Internet marketing with Ontrack's reputation as the best source for data
recovery. Now individuals and corporations have a single source for protecting
and recovering their valuable data," she added.
Statements in this release concerning the future prospects of
Ontrack are "forward-looking statements" under the Federal securities laws.
There can be no assurance that future results will be achieved, and actual
results could differ materially from forecasts, estimates, and summary
information contained in this press release. Important factors that could cause
actual results to differ materially are included but are not limited to those
listed in the Ontrack Annual Report on Form 10-K for the year ended December 31,
1998, under the caption "Management's Discussion and Analysis of Financial
Condition and Results of Operations - Forward Looking Statements."
Ontrack, the world leader in data recovery, specializes in services
and software that help computer users access and recover their valuable data.
Using hundreds of proprietary tools and techniques, Ontrack is able to recover
lost or corrupted data from all operating systems and types of storage devices.
Ontrack can be reached through its World Wide Web site at http://www.ontrack.com
or by calling 800/872-2599 (612/937-5161). In addition to its Minneapolis
headquarters, Ontrack operates data recovery centers in Los Angeles, Washington
D.C., New York, Tokyo, London, Paris and Stuttgart. Mijenix Corporation can be
reached through its World Wide Web site at http://www.mijenix.com or by calling
800/645-3649 (303/245-8000).
###
ONTRACK is a registered trademark of ONTRACK Data International, Inc. in the
United States and/or other countries. All other brands or product names are
trademarks or registered trademarks of their respective holders.
EXHIBIT 99.2
For more information:
Joan M. Schimml
ONTRACK Data International, Inc.
800-752-1333
[email protected]
Brian James/Danielle Engholm
Padilla Speer Beardsley
612-871-8877
[email protected]/[email protected]
ONTRACK COMPLETES MIJENIX ACQUISITION
MINNEAPOLIS, July 19, 1999 -- ONTRACK Data International, Inc., (NASDAQ: ONDI),
a leading single-source provider of data availability solutions, announced today
that it has completed its previously announced acquisition of Mijenix
Corporation. Mijenix is a leading supplier of system software products for
enhancing the use of Windows-based computer systems.
This is the company's first significant step in its strategy to expand Ontrack's
offerings beyond data recovery to include all aspects of the data availability
market. "We are excited at the speed with which we were able to execute our
acquisition of Mijenix," said Mike Rogers, Ontrack CEO. "With Mijenix, we are
well on our way to adding the products and services to make Ontrack the
single-source for customers seeking to protect, backup or recover their data.
With today's announcement of our licensing agreement with Connected Corporation,
we have further expanded our product offerings in the data availability
marketplace."
<PAGE>
ONTRACK Data International
Ontrack Completes Mijenix Acquisition
Page 2
Mijenix, which had $4 million in revenues in 1998, is known in the PC industry
as the developer of several award-winning software products, including ZipMagic
98 and FreeSpace compression tools, the PowerDesk Utilities 98 file manager and
Fix-It Utilities 99, a general purpose utility for Windows 95, 98 and NT
operating systems. The company's products have won numerous awards from leading
industry trade publications, including PC WORLD, WINDOWS MAGAZINE, PC WEEK and
PC MAGAZINE.
Ontrack, a leading single-source provider of data availability solutions, helps
customers protect, backup and restore, and recover their valuable data. Using
its hundreds of proprietary tools and techniques, Ontrack is able to recover
lost or corrupted data from all operating systems and types of storage devices
through its do-it-yourself, remote and in-lab capabilities. With its acquisition
of Mijenix, Ontrack provides award-winning software tools to prevent critical
data loss. Ontrack also licenses Connected Corporation's leading Internet
protocol PC backup and restore solutions. Ontrack can be reached through its
World Wide Web site at http://www.ontrack.com or by calling 800-872-2599
(612-937-5161). In addition to its Minneapolis headquarters, ONTRACK operates
data recovery centers in Los Angeles, Washington, D.C., New York, Tokyo, London,
Paris and Stuttgart and maintains Mijenix headquarters in Boulder, CO.
# # #
ONTRACK and all of its registered products are trademarks or registered
trademarks of ONTRACK Data International, Inc. All other brand or product names
are trademarks or registered trademarks of their respective holders.
Statements in this release concerning the future prospects of Ontrack are
"forward looking statements" under the Federal securities laws. There can be no
assurance that future results will be achieved, and actual results could differ
materially from forecasts, estimates, and summary information contained in this
press release. Important factors that could cause actual results to differ
materially are included but are not limited to those listed in the Ontrack
Annual Report on Form 10-K for the year ended December 31, 1998, under the
caption "Management's Discussion and Analysis of Financial Condition and Results
of Operations - Forward Looking Statements."
