Opnet to acquire NetMaker, a N.C. software firm

March 22, 2001|By Stacey Hirsh | Stacey Hirsh,SUN STAFF

Opnet Technologies Inc, a Bethesda software company, said yesterday that it agreed to buy a North Carolina software business, NetMaker, in a cash and stock deal.

NetMaker is a division of Make Systems Inc., a privately held software company in California. The deal is expected to close at the end of the month. Opnet's shares fell $1.63 yesterday to $12.44 after the announcement. At that price, the value of the deal - $5 million in cash and up to 675,000 shares of Opnet - would be as much as $13.4 million.

Opnet makes software that can "virtually" build networks or modify old ones. A company that wanted to modify its existing network or create a new one could use Opnet's software to run a test and make sure the changes would work smoothly with its existing computer systems.

"We are very excited about the synergies that this acquisition brings to our product suite," said Alain Cohen, president and chief technology officer of Opnet.

As part of the deal, Opnet will keep NetMaker's technical staff and senior technical management, as well as most of the assets of the division. Those assets include software products that have already been released and ones that are being developed, according a statement from Opnet.

"This is an excellent opportunity to rapidly attract and retain highly qualified technical staff with experience in our field," said Marc Cohen, Opnet's chief executive.

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