On July 12, 2001, Eagle Point Software Corporation (Nasdaq: EGPT) announced that it had entered into a definitive merger agreement with an entity formed by a founder and current director of the company. Duff & Phelps, LLC, served as financial advisor to the special committee to the Board of Directors of Eagle Point and issued a fairness opinion.

Eagle Point, headquartered in Dubuque, Iowa, develops, manufactures and markets application software utilized by professionals in the architecture, engineering and construction industries. Eagle Point has an installed base of more than 40,000 customers worldwide.