Activant Solutions completed its tender offer to acquire the outstanding common shares of Speedware Corp. About 35 million common shares (including those subject to notices of guaranteed delivery), representing approximately 96% of its outstanding common shares, were tendered and not withdrawn pursuant to the offer. Activant has accepted for payment all validly tendered shares. Activant said the acquisition will help its company grow in the vertical Enterprise Resource Planning (ERP) market.

Speedware Ltd. will become Activant's Productivity Tools Group focusing on business intelligence and migration solutions.

The current Activant senior executive team will continue to run the combined business, and the company does not anticipate any office closings as a result of the integration process.