In May 1999, ULTRADATA Corporation entered into an Agreement and Plan of Merger with CFI ProServices, Inc., and its wholly owned subsidiary, UFO Acquisition, Inc. Pursuant to the terms of the Merger Agreement, UFO would be merged with and into ULTRADATA and ULTRADATA would become a wholly owned subsidiary of CFI. ULTRADATA Corporation provided information management software and solutions for relationship-oriented financial institutions, as of March 31, 1999. These solutions allowed the company’s customers to engage in cross-selling, relationship pricing, data mining, and workflow control; and to provide financial services, such as checking, savings and investment accounts, home banking, credit and debit cards, Automated Teller Machine access, and consumer lending.