On April 7, Gores Technology Group (GTG), a leading international technology and management company, and System Software Associates, Inc. (SSA) announced that SSA has agreed to sell substantially all of its assets to a newly formed subsidiary of Gores Technology.
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software and services, and significant international operations. We intend to focus on the future growth and development of the company. This transaction is the result of an intense and thorough evaluation of all of SSA's strategic alternatives by our advisors, Houlihan, Lokey, Howard & Zukin, senior management and the SSA Board, said Robert R. Carpenter, Chairman and Chief Executive Officer of SSA. We believe that the Gores Technology Group capital resources, technical and business expertise and