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NETMANAGE COMPLETES ARABESQUE ACQUISITION

CBR Staff Writer Published 21 September 1994

NetManage Inc, Cupertino, California, has completed its acquisition of Arabesque Software Inc for $6.0m in cash, of which $3.0m was paid at closing: the balance will be paid over time subject to achieving certain revenue levels and technical milestones; NetManage will record a charge to earnings in its current third quarter, but was not able to say how much that would be.

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