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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): JUNE 3, 1998
BARRA, INC.
(Exact Name of Registrant as Specified in Charter)
CALIFORNIA 000-19690 94-2993326
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
2100 MILVIA STREET, BERKELEY, CA 94704-1113
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (510) 548-5442
NONE
(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
Reference is made to the press release of the Registrant issued on June 4,
1998, which contains information meeting the requirements of this Item 5, and
which is incorporated herein by this reference. A copy of this press release is
attached to this From 8-K as Exhibit 99.1.
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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.
BARRA, INC.
Date: June 8, 1998 By: /S/ JAMES D. KIRSNER
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Name: James D. Kirsner
Title: Chief Financial Officer
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EXHIBIT INDEX
EXHIBITS PAGE NUMBER
99.1 Press Release dated June 4, 1998.
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EXHIBIT 99.1
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FOR IMMEDIATE RELEASE
CONTACT:
Aamir Sheikh
Director, Enterprise Wide Risk Management Services
BARRA, Inc.
510.548.5442
Richard Moran
President and Chief Executive Officer
Redpoint Software, Inc.
508.870.0070
Jennifer Hinchman
Manager, Corporate Communications
BARRA, Inc.
510.649.4548
Pamela Nezil
Director of Marketing
Redpoint Software, Inc.
508.870.5796
BARRA ANNOUNCES PLANS TO ACQUIRE THE ASSETS OF ENTERPRISE RISK MANAGEMENT FIRM
REDPOINT SOFTWARE, INC.
Berkeley, Calif., June 4, 1998--BARRA, Inc. (NASDAQ: BARZ), a leading
provider of innovative analytical software and data, consulting, and money
management services, today announced the signing of a definitive agreement
to acquire substantially all of the assets and certain liabilities of
Redpoint Software, Inc., a leading supplier of integrated risk management
solutions and enterprise wide data management systems. The purchase will
be for approximately $5.5 million in cash, plus contingent payments of up
to an additional $12.5 million over a period of two years following the
closing, based upon the financial performance of the acquired assets. The
acquisition will be accounted for using the purchase method of accounting,
and is subject to certain terms and conditions to closing described in the
definitive agreement.
BARRA is a leader in providing risk management services to the investment
management community. In November of 1997, BARRA released Total Plan
Risk--the first available software application capable of multi-asset
class portfolio analysis for the investment management community. While
the strength of BARRA's analytical models provides the backbone of Total
Plan Risk, investment managers further require the ability to aggregate
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and integrate data from disparate databases and systems. Redpoint Software
is a leading supplier of this application-focused advanced technology,
facilitating event driven data management and high performance analysis.
This planned acquisition will offer complete enterprise wide risk
management solutions combining Redpoint Software's second generation multi
- -tiered platform with BARRA's advanced risk models.
"There are tremendous opportunities for us to grow this business because
enterprise wide risk is a global issue," said Aamir Sheikh, director of
BARRA's enterprise wide risk management services business unit. "BARRA's
worldwide sales and support infrastructure provide the means for
delivering this new set of complete solutions," he added.
"This is an exciting development which will enable BARRA to serve its
clients in the most comprehensive way. We can now offer the most advanced
enterprise wide risk management solutions to the full range of financial
institutions," commented Andrew Rudd, BARRA's chief executive officer.
Redpoint Software began marketing its comprehensive enterprise wide risk
management application, Redpoint TotalRisk, late in 1996 to banks,
brokerages, insurance companies, and corporate treasuries.
Notes Richard Moran, president and chief executive officer of Redpoint
Software, "This deal builds upon great synergies. BARRA is the ideal
partner to leverage our progress to date in enterprise wide risk, into
both the asset management sector and the international marketplace. With
Redpoint, BARRA acquires application products and technology that
positions them to compete across industry sectors within the enterprise
wide risk market."
The business acquired from Redpoint Software, Inc. will become a part of
BARRA's Enterprise Wide Risk Management Services. Richard Moran will be
the vice president of the Redpoint business unit at BARRA, and will remain
responsible for the marketing and sales of the Redpoint products acquired
by BARRA.
BARRA's risk advisory board, announced in February of this year, will
continue to guide the development of BARRA's Total Plan Risk System, as
well as future enterprise wide risk services for investment managers.
Redpoint Software, Inc. develops and markets next generation software for
corporations requiring enterprise wide risk and data management solutions.
The Redpoint approach includes solving the most difficult technology
problems, which stand as a barrier to effective risk solutions. Complete
performance, data integration across disparate systems, systems
availability, and systems management are all addressed by Redpoint's
innovative technology. Additional Information on Redpoint Software is
available online at http://www.rpsi.com.
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BARRA, founded in 1975, provides innovative analytical models, software,
consulting, investment data and money management services that enable its
clients worldwide to make superior investment and trading decisions.
Based in Berkeley, Calif., BARRA also has offices in major financial
centers throughout the world. Information on BARRA is also available
on-line at http://www.barra.com.
BARRA and Total Plan Risk are trademarks of BARRA, Inc. Redpoint TotalRisk
is a trademark of Redpoint Software, Inc. All other company and product
names used herein may be trademarks of their respective owners.
Each statement in this news release containing any form of the words
"plan" or "will" is a forward-looking statement that may involve a number
of risk factors and uncertainties. Among other factors that could cause
actual results to differ materially are the following: the failure to
achieve certain conditions to closing necessary to consummate the
definitive agreements and/or difficulties or delays in integrating the
BARRA and Redpoint product lines or planned product releases. For more
information on potential factors, please refer to the Company's SEC
filings, copies of which are available from the Company without charge or
which can be found on-line at the Company's URL listed above.
