October 26, 2016 6:38 AM ET

Internet Software and Services

Company Overview of Daegis Inc.

Company Overview

Daegis Inc., an enterprise software company, delivers offerings for information governance, application migration, data management, and application development worldwide. The company offers Daegis AXS-One archiving for managing the preservation, collection, review, and disposal of structured and unstructured data; Daegis Edge, a hosted eDiscovery software for the processing, search, review, and production of data; and Daegis Acumen technology-assisted review. It also provides managed document review, project management, search analytics consulting, and data collection and hosting services. In addition, the company offers Team Developer, which minimize the cycle for developing and deploying M...

600 East Las Colinas Boulevard

Suite 1500

Irving, TX 75039

United States

Founded in 1980

128 Employees





Key Executives for Daegis Inc.

President, Treasurer and Director
Chief Technology Officer and Vice President
Senior Vice President of Operations
Executive Vice President of Product House
Age: 50
Secretary and Director
Age: 54
Compensation as of Fiscal Year 2016.

Daegis Inc. Key Developments

Daegis Inc. Announces Amendments to Articles of Incorporation

Pursuant to the terms of the Merger Agreement, Daegis Inc. certificate of incorporation and bylaws were amended and restated in their entirety, effective as of the Effective Time.

Daegis Inc. Announces Management Changes

Daegis Inc. announces management changes with the terms of the merger agreement and effective as of the effective Time on November 23, 2015. Timothy P. Bacci, Darrell B. Montgomery, Richard Brooks, Robert Bozeman, and Steven Whiteman resigned as members of the company's Board of Directors, and Gordon A. Davies and John M. Doolittle, the directors of purchaser immediately prior to the effective Time, became the directors of the company. At the time Messrs. Davies and Doolittle assumed the roles of directors, it had not yet been determined on which committees, if any, of the Board of Directors of the company Messrs. Davies and Doolittle would serve. In addition, effective as of the effective time on November 23, 2015, Timothy P. Bacci was removed from the position of President and Susan K. Conner was removed from the positions of Chief Operating Officer, Secretary and Treasurer, and John M. Doolittle became the President and Treasurer of the company and Gordon A. Davies became the Secretary of the company. After the effective time, as of 5:00 p.m., New York City time, on November 23, 2015, Timothy P. Bacci and Susan K. Conner were removed from the positions of Chief Executive Officer and Chief Financial Officer, respectively, of the company.

Daegis Inc. Terminates its Existing Credit Agreement Dated as of June 30, 2011

Open Text Corporation (OpenText) and Company D Merger Sub Inc. (purchaser), entered into an Agreement and Plan of Merger (the Merger Agreement) with the company. In connection with the completion of the Merger, on November 23, 2015, Daegis Inc., a Delaware corporation (the company or Daegis) terminated its existing credit agreement dated as of June 30, 2011, as amended (the Credit Agreement), among the company, as borrower, and Wells Fargo Capital Finance, LLC, as a lender and administrative agent (Wells Fargo), and the lenders and guarantors set fourth therein and terminated all commitments thereunder. In connection with such termination, the company paid Wells Fargo approximately $9,742,587.32 in aggregate principal, interest and fees that were outstanding and payable under the Credit Agreement at the time of its termination, and all liens on assets of the company and its subsidiaries guaranteeing such facility, together with such subsidiary guarantees, were released and terminated.

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