Safeguard Scientifics Inc – ‘8-K’ for 9/30/94 – EX-99.1

As of:  Monday, 10/17/94   ·   For:  9/30/94   ·   Accession #:  86115-94-15   ·   File #:  1-05620

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         3±    14K 
 2: EX-2.1      Asset Purchase Agreement                              29±   109K 
 3: EX-2.2      Service Agreement                                      4±    16K 
 4: EX-99.1     New Release                                            2±    10K 

EX-99.1   —   New Release

2 of 2                
NEWS RELEASE                

Premier Solutions Acquires                
MAXIMIS Business Unit               

FOR MORE INFORMATION CONTACT:                                                   
Douglas S. Clauson                                                              
Premier Solutions, Ltd.                                                         
(215) 251-6622                                                                  

FOR IMMEDIATE RELEASE                                                           

MALVERN, PA, October 3, 1994--Premier Solutions Ltd. today                      
announced that it has signed a definitive agreement to acquire                  
the MAXIMIS software business unit of Texas Instruments.  As a                  
result, MAXIMIS will now become a product line of Premier                       
Solutions.                                                                      

G.R. (Rick) Bodson, currently manager of product development and                
support for MAXIMIS, will serve as general manager of the new                   
product line.  Bodson will report directly to Jay Mossman,                      
president and chief executive officer of Premier Solutions.                     
Premier will maintain MAXIMIS as a standalone operation based in                
Texas.                                                                          

"The addition of MAXIMIS enables Premier to diversify into new                  
vertical markets of the financial industry, while still retaining               
clear focus on providing asset management software solutions,"                  
said Mossman.  "The strength of MAXIMIS' technology and its blue                
chip customer base, which includes firms such as Aetna, ITT                     
Hartford, Allstate and the State Teachers Retirement System of                  
Ohio, combines with Premier's experience in the asset management                
software and service business, to firmly position our company to                
capitalize on the strong opportunities in these new markets."                   

"We are very excited about being part of the Premier Solutions                  
team," commented Bodson.  "The combination of MAXIMIS' powerful                 
technology with Premier's proven track record in developing,                    
marketing and servicing asset management software provides the                  
focus and resources to further build on the success of MAXIMIS in               
the marketplace."                                                               

MAXIMIS is used by leading insurance companies and state pension                
funds for a wide range of asset management and investment                       
accounting applications.  Its comprehensive and innovative design               
surpasses other systems to provide maximum functionality and data               
accessibility for all investment disciplines, including:                        
portfolio analysis/investment management; trade processing;                     
cashflow processing; accounting; operations; and analysis and                   
inquiries.  MAXIMIS has been developed using Texas Instruments'                 
Information Engineering Facility (IEF) software application                     
development tool.  The IEF solution provides for platform                       
portability, enabling MAXIMIS to be run on multiple computer                    
platforms, including IBM/MVS running the DB2 relational database                
and Hewlett Packard/Unix (HP/UX) running Oracle.                                

Premier Solutions Ltd. of Malvern, PA is an industry-leading                    
supplier of asset management solutions.  The company's flagship                 
GLOBALPLUS product is the system of choice to meet the trust                    
accounting and securities processing needs of top financial                     
institutions in countries around the world, including the United                
States, Canada, United Kingdom and Japan.  Fifteen of the top 100               
banks in the world use GLOBALPLUS as the technology platform for                
managing their trust, global custody and private banking                        
businesses.                                                                     

Premier is a Safeguard Scientifics, Inc. (NYSE:SFE) partnership                 
company.  Safeguard is a unique partnership of entrepreneurial                  
companies focused on the information technology market.  Other                  
Safeguard Scientifics partnership companies include Sanchez                     
Computer Associates, Cambridge Technology Partners and CompuCom.                

NOTE:     GLOBAL (bullet)PLUS is a registered trademark of                      
Premier Solutions Ltd.                                                          

All other products and product names mentioned are          
trademarks of registered trademarks of their respective     
companies.                                                  

j:\subs\nz\psi\maxmispr.rel                                                     

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed on:		10/17/94
		10/3/94
For Period End:		9/30/94		10-Q
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