United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
_______________________
Date of report (Date of earliest event reported) August 10, 1998
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CATALYST INTERNATIONAL, INC.
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(Exact name of Registration as Specified in Charter)
Delaware 0-27138 39-1415889
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8989 North Deerwood Drive, Milwaukee, WI 53223
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code(414) 362-6800
Page 1 of 5
Exhibit Index on Page 2
Page 2
ITEM 5.OTHER EVENTS
On August 10, 1998, the Company purchased all of the outstanding
stock of Kearney Systems, Inc., an NT-based WMS developer with
corporate headquarters in Orlando, Florida. The total purchase
price was approximately $1.6 million, most of which was paid in
the form of Catalyst stock. The transaction was structured as a
merger in which a newly formed Catalyst subsidiary was merged
with Kearney Systems. The transaction will be accounted for as a
purchase.
ITEM 7.FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements of Business Acquired
Not applicable.
(b) ProForma Financial Information
Not applicable.
(c) Exhibits
99.1 Press Release dated August 12, 1998.
Page 3
Signatures
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
CATALYST INTERNATIONAL, INC.
Date: August 19, 1998 By:/s/ Sean P. McGowan
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Sean P. McGowan
President and Chief Executive Officer
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EXHIBIT INDEX
Sequentially
Numbered
Page Number
(c) Exhibits
99.1 Press Release dated August 12, 19985
Page 5
Exhibit 99.1
FOR IMMEDIATE RELEASE
For Additional Information Contact:
PR contact: Renee Truttmann, (414) 362-6870
IR contact: Sean P. McGowan, (414) 362-8958
CATALYST INTERNATIONAL COMPLETES ACQUISITION
OF KEARNEY SYSTEMS, INC.
Acquisition of NT-based WMS provider complements
Catalyst's existing suite of
logistics software applications
Milwaukee, WI, August 12, 1998... Catalyst International, Inc.
(NASDAQ/NMS: CLYS) today announced it has completed the
previously announced purchase of stock of Kearney Systems, Inc.,
an NT-based WMS developer with corporate headquarters in Orlando,
Florida. Total purchase price was approximately $1.6 million. The
transaction was structured as a merger in which a newly formed
Catalyst subsidiary was merged with Kearney Systems.
Kearney Systems is a fourteen-year-old supplier of warehousing
and distribution software with over 80 customers and 200
installations. Kearney's success can be attributed to their focus
on small and mid-sized manufacturers and distributors. Customers
include Carter-Wallace, Marcal Paper, Ryan Foods (a division of
Dean Foods), Sprint Communications, Citrus World and Johnson
Controls. Robert Kearney, President of Kearney Systems, will
remain actively involved in the new venture.
"We are pleased that the acquisition was completed quickly, as it
provides us with an immediately salable NT-based WMS. We are now
able to offer a premium WMS solution to companies regardless of
their technology preference - UNIX or NT," said Sean P. McGowan,
President and CEO.
Headquartered in Milwaukee, Wisconsin, Catalyst develops and
delivers Warehouse Management Systems (WMS) software solutions
for companies who are proactive in their efforts to improve the
efficiency, accuracy and value-added service capabilities of
their logistics operations. For over 19 years, Catalyst has
focused on providing a suite of warehousing solutions that
fulfill those needs. Catalyst WMS solutions are used by companies
around the world, in a wide variety of industries, including
consumer goods manufacturers, retailers and automotive parts
suppliers. Catalyst customers include leading companies such as
Dollar General, Family Dollar, General Motors, Panasonic, Nestle,
Reebok, Renault, Sony Music, and Tenneco Packaging.
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For more information on Catalyst, please see the
company website at www.catalystwms.com.