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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)
January 30, 1997
ON Technology Corporation
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(Exact name of registrant as specified in its charter)
Delaware 0-26376 04-3162846
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
One Cambridge Center, Cambridge, MA 02142
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 374-1400
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Not Applicable
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(Former name or address, if changed since last report)
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ON TECHNOLOGY CORPORATION
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Item 5. Other Events
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(a) Attached hereto is a copy of the Registrant's press
release relating to the Registrant's acquisition of all
of the outstanding securities of Purview Technologies,
Inc., a Pennsylvania corporation ("Purview"), from the
stockholders of Purview.
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SIGNATURE
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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.
ON TECHNOLOGY CORPORATION
By:/s/ Christopher A. Risley
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Christopher A. Risley
President and Chief Executive Officer
Dated: February 5, 1997
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EXHIBIT INDEX
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(a) Copy of the Registrant's press release relating to the Registrant's
acquisition of all of the outstanding securities of Purview Technologies,
Inc., a Pennsylvania corporation.
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EXHIBIT 99
ON
Technology NEWS RELEASE
Contacts: Investor Relations Media Relations
John M. Bodgan Steven Guthrie
Chief Financial Officer Director of Public Relations
617-692-3160 617-692-3106
[email protected]
ON TECHNOLOGY SIGNS AGREEMENT TO ACQUIRE
INTERNET MANAGEMENT SOFTWARE COMPANY
CAMBRIDGE, MASS., JAN. 24, 1997 - ON Technology Corporation (Nasdaq: ONTC)
today announced that it has signed a definitive agreement to acquire Purview
Technologies Inc. of Sewickly, Penn., for cash and stock with an estimated value
of $2.2 million.
Purview Technologies is a leading provider of Internet management software,
which allows MIS and network administrators to establish Internet access
controls, monitor workstation usage patterns and identify the Internet sites
that users access. Its leading product, Purview Internet Manager, can be used to
record each URL that a user visits and also can be used to block access to
specific URLs. In addition to helping organizations control access to
inappropriate Web sites, such as pornographic or leisure sites, Internet
management software helps make it easy to analyze Internet use, manage network
performance and optimize employee productivity.
ON Technology expects to complete the acquisition and take a one-time
charge for incomplete research and development in the first quarter.
ON Technology is a leading provider of network security, network management
and group communications software that helps people work together on LANs and
across the Internet. ON Technology products operate on customer's NetWare,
Windows NT, LAN Manager, and Internet networks that include combinations of
Windows, Win95, WinNT, Macintosh, DOS, OS/2, and Unix workstations using IP,
IPX, NetBIOS, and Appletalk protocols.
A $50 million publicly held company trading under the symbol ONTC, ON
Technology's worldwide headquarters are in Cambridge, Mass. To receive
information about ON Technology or any of its offerings, browse the company's
World Wide Web site at http//www.on.com, send an e-mail inquiry to [email protected],
or call 617-374-1400.
