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Press Release
Viador Inc. Announces Completion of Company Privatization
Sunnyvale, Calif., March 17, 2003. At a special meeting of the shareholders of Viador Inc. today March 17th, 2003, a shareholder majority approved the merger of Viador with MASBC, a holding company established for the purpose of taking Viador Inc private. Terms of the offer were outlined in a proxy mailed to shareholders on February 14th, 2003. Shareholders of record Feb 12th, 2003 will receive $0.075 per each share of Viador stock held. The proxy is on file with the SEC and available for review at www.sec.gov. Viador Inc continues as the surviving company to service and support numerous existing and prospective customers and accounts in North America, Asia and Europe.
"As a private company, Viador is committed to continue building upon the Viador BI-Portal Suite as a complete Business Intelligence Portal solution," said Stan Wang, president and CEO, Viador Inc. "With the cost savings of being private and renewed management team focus we are optimistic that we will emerge as a leading Business Intelligence Portal provider going forward".
About Viador Inc.
Viador Inc. combines proven experience, technology and partnerships to deliver Business Intelligence for leading businesses and organizations worldwide. Viador offers the best BI development tools for SI/ISV partners and Enterprise customers by providing a platform that is highly customizable, allows the addition of new features on demand, requires zero client maintenance, offers quick and reliable deployment and the industry's lowest TCO. Viador is headquartered in Redwood Shores, Calif. For more information, contact Viador at calling (650) 551-6000, Fax (650) 551-1200, email press@viador.com, or visit the Viador website at www.viador.com.
SOURCE: Viador, Inc.
Media Contact for Viador:
Viador Inc.
650.551.6000
press@viador.com
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