News Article

Monday, July 13, 1998 < Prev Next >

Visio Acquires Oregon's Kaspia, Maker Of Network Software

SEATTLE - Visio, a producer of diagramming and technical-drawing software, has acquired Kaspia Systems, a privately held developer of automated network-auditing software based in Beaverton, Ore.

Visio acquired Kaspia for 482,985 shares of Visio stock, valued at about $23.3 million, in the pooling-of-interests transaction. The acquisition is expected to affect profits in the next two quarters. The company said it will take a one-time charge of about $1.2 million in the quarter ending in September.

Fifteen Kaspia employees, including the entire development team, will be retained as Visio incorporates Kaspia technology into a future product, code-named Venice, which is expected to be shipped before the end of the year.

The Seattle Times

Source page: http://community.seattletimes.nwsource.com/archive/?date=19980713&slug=2760998