Opnet to Acquire Altaworks

An all-cash transaction would make Altaworks a subsidiary of the network-software firm

September 14, 2004

1 Min Read

BETHESDA, Md. -- OPNET Technologies, Inc. (NASDAQ:OPNT), a leading provider of management software for networks and applications, today announced plans to acquire Altaworks Corporation.

On September 3rd, 2004, OPNET Technologies, Inc. entered into an agreement and plan of merger to acquire Altaworks Corporation. Under the terms of the definitive agreement OPNET will acquire Altaworks in an all cash transaction and the company will become a wholly-owned subsidiary of OPNET. OPNET will pay the cash purchase price from its working capital. The merger is subject to customary closing conditions.

Founded in 1999 and based in Nashua, New Hampshire, Altaworks develops advanced correlation and analysis technologies that are designed to enable enterprises to improve the performance and quality of mission-critical applications.

Opnet Technologies Inc.

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