Segue Software, Inc. Acquires SQLBench International, Inc.

Segue Software, Inc. (Newton Centre, MA) announced that it has acquired SQLBench International, Inc. and its affiliate, privately-held developers of Web-based load testing software with operations in Austria and Atlanta, Ga. Segue will pay approximately $10,000,000 in cash, notes and stock for the acquisition. The acquisition will be accounted for as a purchase and it is expected that a substantial portion of the purchase price will be charged to operations in the fourth quarter of 1997 as purchased research and development.

With the purchase, Segue acquires technology and product that will enable it to further differentiate its Web load testing tool, SilkPerformer, from competition. SilkPerformer ensures the performance and capacity of Web servers. SQLBench International technology focuses on the predictive and design aspects of load testing, which give users greater ability to perform load testing early in the development phase instead of waiting until deployment. It is anticipated that the acquired technology will enable Segue to further develop the predictive and early-testing capabilities of its load testing tools.