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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) SEPTEMBER 24, 1998
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INFORMATION ADVANTAGE, INC.
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(EXACT NAME OF REGISTRATION AS SPECIFIED IN CHARTER)
DELAWARE 000-23475 41-1718445
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(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION FILE NUMBER) IDENTIFICATION NO.)
7905 GOLDEN TRIANGLE DRIVE, SUITE 190, EDEN PRAIRIE, MN 55344-7227
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (612) 833-3700
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS
The information which is set forth in the Registrant's News Release dated
September 24, 1998 is incorporated by reference.
ITEM 7. EXHIBITS
(c) EXHIBITS:
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<CAPTION>
Exhibit
Number
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99.1 Text of Press Release dated September 24, 1998.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Information Advantage, Inc.
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(Registrant)
Date: September 24, 1998 By: /s/ Donald W. Anderson
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Donald W. Anderson
Vice President and Chief Financial
Officer
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INFORMATION ADVANTAGE, INC.
EXHIBIT INDEX
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<CAPTION>
Exhibit
Number
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<S> <C>
99.1 Text of Press Release dated September 24, 1998.
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EXHIBIT NUMBER 99.1
FOR IMMEDIATE RELEASE
INTEGRATION OF THE COMPANIES WELL UNDERWAY WITH THE LAUNCH OF DECISIONSUITE
EUREKA!
EDEN PRAIRIE, Minn., and NORCROSS, Ga., Sept. 24 /PRNewswire/ -- Information
Advantage Inc. (Nasdaq: IACO), a leading provider of Web-based Business
Intelligence software, and IQ Software Corporation (Nasdaq: IQSW), a leader in
enterprise reporting solutions, today announced that they have completed the
merger of IQ Software into Information Advantage, following approval yesterday
by the shareholders of both companies.
Information Advantage issued 1.96 shares of its stock in exchange for each share
of IQ Software stock. IQ Software has 4,682,466 shares of common stock
outstanding. The number of shares to be issued to IQ shareholders is 9,177,633.
"This acquisition is an important milestone for Information Advantage as it
greatly expands our product line, market share and company size, and elevates
Information Advantage to become a stronger competitor and leader in the
worldwide Business Intelligence market," commented Larry Ford, president and CEO
of Information Advantage. "The companies have already made considerable progress
in integrating the two product lines, sales channels, and business cultures.
Since the announcement of the acquisition in June, we have delivered a joint
user meeting to our users in North America and Europe and launched an integrated
product, DecisionSuite Eureka!(TM), the first Web portal to Business
Intelligence."
"Eureka! can be a product that can offer significant advantages to users.
Leveraging the concept of a Web portal, it can bring more BI information to more
users of more types more easily than conventional BI approaches," said Mitch
Kramer, senior consultant at Patricia Seybold Group. "Eureka! can also offer
significant advantages to Information Advantage. It will integrate a newly
diverse product line. It can distance and differentiate the company from a
crowded and increasingly competitive market."
About Information Advantage
Information Advantage Inc. is a leading provider of Business Intelligence
solutions that are designed to accelerate and improve the decision making of all
knowledge workers throughout the world. Its DecisionSuite Eureka! is the first
Web portal to Business Intelligence to apply the same visualization, navigation,
agent, delivery and search principles popularized by consumer Internet portals,
such as Yahoo! and AOL, to all secure corporate business intelligence
information. The company has over 450 professionals, 27 offices worldwide and
products licensed to over 1.7 million individuals. For more information, contact
Information Advantage at 612-833-3700.
DecisionSuite, DecisionSuite Server, DecisionSuite Eureka!, MyEureka!,
Eureka!Server, Eureka!Workbench, and WebOLAP are trademarks or registered
trademarks of Information Advantage, Inc. Other products are trademarks or
registered trademarks of their respective holders and should be treated as such.
For more information: Curt Swenson of Swenson NHB Investor Relations,
612-371-0000, for Information Advantage, Inc., or Don Anderson of Information
Advantage, Inc., 612-833-3838.
SOURCE Information Advantage, Inc.
CONTACT: Curt Swenson of Swenson NHB Investor Relations, 612-371-0000, for
Information Advantage, Inc., or Don Anderson of Information Advantage, Inc.,
612-833-3838.
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