|Wednesday, February 11, 1998||< Prev||Next >|
Visio Corp. of Seattle, a developer of business diagramming and technical drawing software, has completed the acquisition of substantially all assets of InfoModelers Inc., based in Bellevue. InfoModelers is a privately held supplier of database and data warehouse visual design, access and query tools. Visio intends to incorporate portions of InfoModelers' technology into future product offerings. Under the terms of the agreement, Visio has acquired InfoModelers for unregistered Visio stock at a value of about $7.8 million. Fifteen of InfoModelers' current employees, including the entire engineering team, are accepting employment positions with Visio as part of this purchase.
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