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): March 6, 1997
MAI SYSTEMS CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-9158 22-2554549
(Commission file number) (I.R.S. employer identification number)
9600 Jeronimo Road, Irvine, California 92718
(Address of principal executive offices) (Zip code)
(714) 580-0700
(Registrant's telephone number
including area code)
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Item 5. Other Events
On March 6, 1997 MAI Systems Corporation acquired the CIMPRO division of
Oracle Corporation's wholly-owned subsidiary, Datalogix International Inc.
Located in Valhalla, New York, CIMPRO develops and markets process manufacturing
Enterprise Resource Planning (ERP) solutions for food, chemical and
pharmaceutical manufacturers world-wide. Process manufacturing generally
involves the conversion of bulk raw materials into a finished, packaged,
product, such as milk into cheese or chemicals into a pharmaceutical product.
MAI paid $5.9 million in cash for CIMPRO.
MAI will actively support both its CIMPRO and MANBASE customers. MAI has
retained key CIMPRO personnel to ensure continuity of development, support and
customer service for both product lines.
In connection with the acquisition, MAI completed previously announced
financing with Canyon Capital Management, LLP, pursuant to which it issued $6
million of its 11% Notes due 2004 with warrants to purchase 750,000 shares of
Common Stock at $8.00.
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Signature
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 thereunto duly authorized.
Dated: March 18, 1997
MAI Systems Corporation
(Registrant)
By:/s/ Stanley P. Witkow
Name: Stanley P. Witkow
Title: Vice President, Corporate and
Legal Affairs and Secretary
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