PRESS INFORMIX AND DAOU TECHNOLOGY TO FORM JOINT VENTURE
Posted in 1995
INFORMIX AND DAOU TECHNOLOGY TO FORM JOINT VENTURE Informix Expands Leadership in Korean Market SEOUL, Korea (Apr. 3, 1995) -- Informix Corporation (NASDAQ:IFMX) today announced that it has agreed to form a joint venture to acquire the database division of Daou Technology, Inc. of Korea. The joint venture, to be called Informix Daou Korea Ltd., will be owned 80 percent by Informix and 20 percent by Daou. The formation of the joint venture and the acquisition of the division, a part of Informix's continued efforts to expand its leadership in the Korean market, are expected to be completed today. Ik Rae Kim, president and CEO of Daou Technology, Inc., will act as chairman of Informix Daou Korea Ltd. S. I. Lee, the general manager of Informix Software Korea, Ltd., has been named general manager of Informix Daou Korea Ltd., and will be responsible for managing day-to-day operations of the new joint venture. Daou has been very successful in establishing Informix as one of the top relational database management system (RDBMS) vendors in the Korean market. As the leading Korean distributor of open systems products, they have had the rights to market, sell, and support Informix's full suite of RDBMS products throughout Korea since 1986. "Informix and Daou have had a mutually beneficial partnership in Korea for nearly a decade, " said Phillip E. White, chairman and CEO, Informix. "We anticipate tremendous growth in the Korean database market, and the joint venture between Informix and Daou will position us to greatly expand our distribution and provide better support to our partners and customers." "This joint venture will combine Informix's industry-leading technology with the technical strength and experience Daou has built over the last decade," said Mr. Kim. "I am confident that this new relationship will enable Informix to maintain leadership in the Korean market and will enhance service and support for our current and future customers. " Results of the Transaction Informix Daou Ltd. will expand Informix's resources to meet the anticipated growth in the Korean open systems database market. The expansion will include increasing the staff by 150 percent, acquiring larger offices, and establishing a new customer education center to provide training for end users and partners. "This is the right time for us to expand our resources," said Mr. Lee. "Customer support is becoming a key success factor in the Korean market and with our new support facility we will provide far better support than any other DBMS vendor in this market." Informix Daou Korea Ltd. also plans to expand its presence in key vertical industries such as banking and finance, telecom, government, manufacturing and retail. About Daou Daou Technology Inc. is the leading software company in Korea and in addition to Informix products, distributes CASE tools, multimedia software and other software products for UNIX, MS/DOS and Windows. Since 1986, Daou has promoted Informix products and has succeeded in positioning Informix as one of the prominent RDBMS in the Korean market. About Informix Informix Software, Inc., the operating subsidiary of Informix Corporation, is the leading supplier of high performance, parallel processing database technology for open systems. The company's database servers are the number one choice of computer hardware manufacturers for publishing Transaction Processing Council (TPC) benchmarks for UNIX-based systems. Informix products also include application development tools for creating client/server production applications, decision support systems and ad-hoc query interfaces, and connectivity software that allows information to be shared transparently from PCs to mainframes within the corporate computing environment. The company's corporate headquarters is in Menlo Park, California. ### INFORMIX is a registered trademark of Informix Software, Inc. Al other companies mentioned or other names indicated by a (R) or (TM) are registered trademarks of their respective manufacturer. -- %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% William Daul Advanced Support INFORMIX SOFTWARE INC. 4100 Bohannon Dr. (415) 926-6488 - wk Menlo Park, CA. 94025 uunet!infmx!billd or billd@informix.com