J.M. Dutton & Associates

Independent Equity Research

Corporate OfficeSuite 3, 4989 Golden Foothill Pkwy
El Dorado Hills, CA 95762

(916) 941-8119

Issuer-paid independent researchCoverage universe as of 12/23/2005Buy · Neutral · Sell/Avoid rating scheduleOffices: El Dorado Hills · Redondo Beach · Zichron Yaacov

Merant plc

MRNTLSE (ordinary shares)

3445 NW 211th Terrace
Hillsboro, OR 97124
Phone: (503) 617 2753

Merant (NASDAQ: MRNT), with a market cap of $212 million, develops software

and provides services that give companies flexible control of code, content

and workflow, enabling them to better view, track, protect and re-use

these business-critical assets. More than 90 of the Fortune 100 rely on

Merant's cost-effective solutions to automate business processes, significantly

boosting productivity, visibility and overall ROI. Merant's product line

includes the PVCS family of products for software configuration management

and Merant Collage for web content management. With approximately 600

employees and a global presence, Merant is publicly traded on the London

Stock Exchange (LSE) under the symbol MRN in addition to the NASDAQ National

Merant is dedicated to delivering software and services that enable organizations

to control and manage business-critical information assets, including

packaged and proprietary software applications, web content, product and

customer data, and more. The Company has a 20-year heritage and proven

track record for meeting customers' needs for complete software configuration

management (SCM) solutions, regardless of the size or complexity of their

projects or processes. Its PVCS product line is considered by many to

Merant’s acquisition of web content management (WCM) pioneer NetObjects

in 2001 has enabled the Company to bring its expertise in best practices

process and workflow to the WCM market. Its WCM offering, Merant Collage,

not only provides enterprise-scalable WCM capabilities at an affordable

price, it seamlessly integrates with Merant’s SCM tools to create

With a customer base of more than 16,000, Merant is known throughout the

industry for offering solutions unmatched in flexibility and affordability.

The Company is headquartered in Hillsboro, Oregon, with development centers

in Hillsboro; Mountain View, Calif.; St. Albans, U.K.; and Allerod, Denmark.

Published Research