| Deal Description | BGS Systems, Inc., used the net proceeds from this transaction for working capital and for possible acquisitions of software products or companies. The company initially intended to consider the acquisition of products (or companies that market products) that analyze and predict the performance of computer systems. At the time of the deal, no specific acquisition was being negotiated. The company received no proceeds from the sale of shares that were sold by the selling stockholders. The group of selling stockholders consisted of Dr. Harold S. Schwenk, Jr., Dr. Robert P. Goldberg, Dr. Jeffrey P. Buzen and all directors and officers as a group. |
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