March 03, 2015 7:39 PM ET

Software

Company Overview of Intersolv, Inc.

Company Overview

As of September 25, 1998, Intersolv, Inc. was acquired by Merant plc. Intersolv, Inc. was engaged in the development, marketing, and support of computer software products and services in the area of automated software quality, data connectivity, and enterprise application renewal. Intersolv, Inc. was formerly known as Sage Software, Inc. and changed its name to Intersolv, Inc. in March 1991. The company was founded in 1982 and is based in Rockville, Maryland.

9420 Key West Avenue

Rockville, MD 20850

United States

Founded in 1982

1,073 Employees

Phone:

301-838-5000

Fax:

301-838-5054

Key Executives for Intersolv, Inc.

Intersolv, Inc. does not have any Key Executives recorded.

Intersolv, Inc. Key Developments

SEC Revokes Registration Of Securities Of Intersolv

The registrations of the registered securities of Intersolv, Inc. have been revoked. The company had repeatedly failed to file required annual and quarterly reports with the Securities and Exchange Commission (SEC). Thus, the company violated a crucial provision of the federal securities laws that requires public corporations to publicly disclose current, accurate financial information so that investors may make informed decisions. The revocations were ordered in an administrative proceeding before an administrative law judge.

SEC Orders Hearing On Registration Suspension Or Revocation Against Intersolv

On March 5, 2013, the Securities and Exchange Commission (SEC) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registrations of each class of the securities of Intersolv, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company is delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the Administrative Law Judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The Administrative Law Judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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