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Wednesday, August 27, 2003
 
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Acero gift will advance genomics research at Ohio University

ATHENS, Ohio (June 3, 2004) -- Acero Inc., a knowledge discovery software company located in Cleveland, Ohio, has made a gift-in-kind of its Genomics Knowledge Platform (GKP) software, technical support and maintenance valued at $1.275 million to Ohio University's Bicentennial Campaign. Acero's chairman and CEO, C. David Snyder, earned his bachelor's degree in business administration from Ohio University in 1974. Snyder serves on the Ohio University Board of Trustees, is a trustee of The Ohio University Foundation and serves on the College of Business Executive Advisory Board.

The GKP software will be used primarily to advance research in the Life Sciences in partnership with the Edison Biotechnology Institute. The study of genomics can impact the understanding of disease, can save time and money in drug discovery, and can facilitate new and more effective ways to diagnose, treat and prevent disease.

"We are most grateful for this gift of cutting-edge software," Ohio University President Robert Glidden said. "This valuable resource will enable researchers such as John Kopchick - who is studying growth, obesity and diabetes - to make new discoveries. This research has the potential to impact not only the health and wellness of individuals in the region but also the economic growth of our part of Ohio."

"We are pleased to provide to Ohio University our Genomics Knowledge Platform and acknowledge our full support of Ohio University's commitment to research, science and education," said Acero President James K. Holt. "The GKP is the intersection of science and technology. It will provide a 'common knowledge infrastructure' for the university. This infrastructure will enhance, expand and integrate the computational, research and knowledge bases currently at the institution as well as provide the basis for collaboration within the university and with other state and private educational organizations."

Acero is the combination of Secant Technologies, known for its award-winning model-driven infrastructure software and services, and the team of scientists and developers that initiated the GKP at Incyte Genomics, the leading provider of genomic-based research tools. The GKP is the industry's first science-intelligent enterprise software platform designed to unify the drug discovery process. Acero represents a unique blend of science and technology combining expertise in object-oriented enterprise software, biology, and informatics. Acero's mission is to provide the software and expertise to help organizations eliminate the barriers to research by unifying the points of discovery.

The Bicentennial Campaign - which has raised more than $203 million, surpassing its goal of raising $200 million to celebrate the university's bicentennial in 2004 - will provide money for scholarships, endowed professorships, technological enhancements, innovative programs, and select capital improvements.

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Media Contact: Director of Corporate and Foundation Relations Jim Geiger, (740) 593-9149, or Director of Development Communication Jennifer Bowie, (740) 597-1793

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