DataMirror Buys SmartSales AssetsDataMirror, Toronto, a provider of software solutions that manage and monitor corporate data in real time, said this month that it intends to acquire certain assets of SmartSales Inc. from the trustee in bankruptcy of the estate of SmartSales.
The assets include computer equipment, accounts receivable, software and other intellectual property and customer lists.
DataMirror expects to market its tools to SmartSales' CRM software customers, which include The Royal Bank, Rogers, AT&T, Fujitsu and Qunara.
About 1,700 companies use DataMirror software, including Debenhams, Energis, GMAC Commercial Mortgage, the London Stock Exchange, OshKosh B'Gosh, Priority Health, Tiffany & Co. and Union Pacific Railroad.
It will be a cash transaction, but additional terms were not disclosed. It is subject to certain conditions, including court approval under the Bankruptcy and Insolvency Act (Canada) and is expected to close in early January.
Nigel Stokes, DataMirror's president, chairman and CEO, is a former director and chairman of SmartSales. He holds about 20 percent of the common shares of SmartSales.