Omnis Technology has completed its merger with PickAx, the parent company of Pick Systems.
The companies received the approval of their stockholders for the merger and for the definitive merger agreement between Omnis and Pick. As a condition to the merger, Omnis has changed its name to Raining Data and will begin trading on the Nasdaq under the ticker RDTA.
With over 150 employees in five countries, Raining Data`s pro forma global revenues for the fiscal year ended 31 March 2000 exceeded $23 million.
Raining Data markets its products worldwide through a network of nearly 1 500 value-added resellers, who offer more than 1 000 commercially available applications.
Pick Systems Africa will be renamed Raining Data Africa and will assume distribution rights for Pick Systems and Omnis products in Southern Africa.
Adrian Oxborrow, MD of Raining Data Africa, has expressed confidence in the company`s future. "This is a major step forward in the history of Pick Systems. Pick Systems and Omnis products complement each other well, and I see great opportunities ahead of us."
"Integrating the rich technological and human assets of these two companies creates a truly special enterprise that is poised to take advantage of emerging trends in cross-platform, Web-enabled, data-intensive business applications," says Bryce Burns, Raining Data chairman.
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