Mapics, which makes business software for mid-sized manufacturing companies,
has agreed to acquire software maker Pivotpoint. Mapics said the acquisition
will help expand its offerings beyond the AS/400 operating platform to
include Microsoft Windows NT, Unix and Linux. Under terms of the
acquisition, Mapics will purchase all Pivotpoint shares and pay off some
Pivotpoint debt for a total of $48 million in cash. The deal is expected to
close within 60 days, pending approval by Pivotpoint stockholders.