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Authoria's Strong Performance Exceeds Post-Acquisition Milestones; Progress Report Highlights Team Integration, New Customers, New Integrated Products.

Publication: Business Wire
Publication Date: 31-AUG-04
Format: Online - approximately 690 words
Delivery: Immediate Online Access

Article Excerpt
WALTHAM, Mass. -- Authoria, Inc., a leader in strategic Human Capital Management (HCM) solutions, today released a progress report on its business since the acquisition of Advanced Information Management, Inc. (AIM). The acquisition of AIM was announced in May 2004 and completed in mid-June. During the past 60 days, Authoria has exceeded its operating plan, including revenue forecasts; integrated the AIM and Authoria teams; released three new products, and acquired numerous new customers.

"Merger and acquisition activity can always be disruptive for a company, however our acquisition of AIM quickly added value," said Tod Loofbourrow, Authoria's chief executive officer. "We benefited particularly...

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