"This acquisition is key to MITEM's worldwide growth strategy. We have carefully nurtured and supported Alchemy for six years. This effort has resulted in a 'tailor-made' subsidiary that enjoys a strong, loyal customer base and truly exceptional staff. Our customers and partners will continue to enjoy the personal care and attention of the Alchemy team, along with full and direct access to MITEM's internal resources."

Aurel Kleinerman

CEO

MITEM Corporation


 
Press Release Home  
Return to the 2000 press release home page
Press Release Home Page

PDF Version
Download the PDF version of this release
Download PDF Version

 

 

MITEM Corporation Acquires European Sales & Support Center

Creates single powerful brand to expand MITEM's business in Europe, Middle East & Africa

MENLO PARK, CA (20 April, 2000) - MITEM Corporation today announced the purchase of Alchemy Computing Ltd. MITEM has acquired all of the outstanding shares in Alchemy for an undisclosed sum. Alchemy, located near Cambridge, England, has served as MITEM's exclusive European distributor for six years, and boasts considerable experience with MITEM's flagship product - MitemView. Immediately following this announcement, the Alchemy business will become an integral part of MITEM, and the Alchemy name will be changed to MITEM (Europe) Ltd.

Alchemy has established a solid reputation for MITEM in Europe, perhaps more so than any other EAI vendor. Alchemy has successfully licensed MitemView to numerous blue-chip organizations in the Automotive, Business Services, Consumer Electronics, Financial Services, Manufacturing, Petrochemical, Telecommunications, Transportation and Utility industries. In geographic terms, MitemView has already been deployed in more than half of the European Union countries, as well as Egypt and South Africa.

"Since 1993, we have pioneered the distribution of middleware and EAI tools to the European market. We are recognized as the 'thought-leader' for non-invasive integration in Europe, and our MITEM relationship has enabled us to deliver world-class legacy integration solutions," said Martin D. Fincham, Founder and Managing Director of Alchemy Computing Ltd. "We look forward to continuing our commitment to 100% customer success, and using the resources of an enlarged MITEM organization to better serve old and new customers alike," he stated.

"This acquisition is key to MITEM's worldwide growth strategy. We have carefully nurtured and supported Alchemy for six years. This effort has resulted in a 'tailor-made' subsidiary that enjoys a strong, loyal customer base and truly exceptional staff," said Aurel Kleinerman, CEO of MITEM Corporation. "Our customers and partners will continue to enjoy the personal care and attention of the Alchemy team, along with full and direct access to MITEM's internal resources." continued Kleinerman.

Contact:


MITEM Corporation
Andy Nelson
650.323.1500
pr@mitem.com

###



home
| contact us | company | products | solutions | customers | news & events | site map

© Copyright 2004 MITEM Corporation. All Rights Reserved
Privacy Policy