Exhibit 99.1
FOR IMMEDIATE RELEASE
Media Contacts:
| Kathleen Greene | Melissa Muscio |
| Centura Software Corporation | Sterling Communications, Inc. |
| Senior Public Relations Manager | Tel: 415/439-5371 |
| Tel: 650/596-4770 | Fax: 415/439-5372 |
| Email: kathleen.greene@centurasoft.com | Email: mmuscio@sterlingpr.com |
Michael Gaynes
Centura Software Corporation
Manager, Investor Relations
Tel: 650-596-4776
Email: investor.relations@centurasoft.com
Centura Software Secures $12.5 Million in Additional Funding to Fuel Organizational Focus on Information Appliance and e-Business Markets
- --Newly formed Information Appliance and e-Business business units positioned to rapidly expand on securely extending enterprise data to the Web and Information Appliances --
Redwood Shores, Calif.-January 3, 2000 - CenturaTM Software Corporation
(NASDAQ: CNTR), leader in e-Business and Information Appliance databases
and development solutions, announced today the issuance of $12.5 million
in convertible preferred stock to a group of New York based
institutional investors. Centura plans to use the net proceeds primarily
to fund strategic activities related to its newly formed Information
Appliance (IA) and e-Business (EB) strategic business units, and for
general working capital. The preferred stock is convertible into common
stock at the option of Centura for a period of ten months from the date
of issuance and has a ceiling conversion price of $5.82 per share.
Rochon Capital Group, Ltd. acted as placement agent in the transaction.
"The incremental financing will help us to accelerate a number of
objectives we have set out to accomplish in 2000, in addition to
augmenting general working capital," states Ric Lucien, Centura chief
financial officer. "We are very pleased to have completed the financing
at this point in time, as we enter a new and exciting year for Centura."
"Our newly created IA and EB strategic business units will address the
growing needs of our customers to extend their enterprise systems and
will help us to immediately capitalize on new business opportunities with
leading-edge companies such as SAP and Nocom." said Scott Broomfield,
Centura chairman and chief executive officer. "This investment supports
our strategy and market focus and gives us the ability to accelerate our
business plans as we move into FY2000."
Mr. Len Strickler will lead the IA business unit sales teams in North
America and Japan. During the past year at Centura, he successfully
targeted the US sales team into the enterprise resource planning and
healthcare markets. Based in Germany, Mr. Heinz Hoerth will lead the
European IA business unit sales team. During the past three years, he
has led the revitalization of Centura's Central European operations
including development of an extensive distribution and sales channel
throughout the region. Worldwide, the IA business unit will focus on
enabling and delivering solutions for the mobile workforce in the areas
of field force and sales force automation.
Mr. Larry Stefonic will lead the North American EB business unit sales
team, focusing on maximizing the sales of Centura Products and Services
into Centura's extensive customer base and into creating new e-Business
opportunities. Prior to his new assignment, Mr. Stefonic led worldwide
sales at Raima Corporation (now part of Centura) and was instrumental in
establishing working relationships with industry leaders such as
WindRiver (NASDAQ: WIND) and Red Hat (NASDAQ: RHAT).
Centura Software Corporation Headquartered in Redwood Shores, CA, Centura is a leading provider of e-
Business and Information Appliance solutions. Centura's product
offerings address the growing demand for complete and secure integration
capabilities, which enable successful mobile computing. Developers and IT
decision makers worldwide have relied on Centura's rich and innovative
technology offerings and its world-class professional services since
1984. The company integrates their solutions in various business systems
worldwide including the healthcare, manufacturing, telecommunications and
financial industries. Centura has 19 offices worldwide, including
locations in North America, Latin America, Asia/Pacific, Europe, the
Middle East and Africa. For more information about Centura, visit
http://www.centurasoft.com
Centura, the Centura logo and all Centura products are trademarks or
registered trademarks of Centura Software Corporation, or are trademarks
and/or registered trademarks exclusively licensed to and used by Centura
Software Corporation. All other products are trademarks or registered
trademarks of their respective owners. Copyright © 1999 Centura Software
Corporation, all rights reserved.
