Network Associates buys TIS and Employees buy ORA Canada

Network Associates, Inc. and Trusted Information Systems, Inc. (TIS) announced on February 23rd that they have signed a definitive agreement where Network Associates will acquire TIS in a stock-for-stock pooling of interest merger valued at over $300 million. The full press release is available from TIS at the URL:

On April 3rd, 1998, ORA Canada (Ottawa, Ontario) and Odyssey Research Associates (Ithaca, New York), closed an agreement in which an ORA Canada employee group acquired full control of ORA Canada. Terms of the agreement were not publicly disclosed. As of closing, ORA Canada becomes a Canadian Controlled Private Corporation. Further information is available at the URL: or by email from