Eagle Point Software Corporation, Dubuque, Iowa, announced the completion of its previously announced merger with an entity formed by John F. Biver, a founder and director of Eagle Point and former Vice President of the Company's Civil Applications Division. All outstanding shares of Eagle Point prior to the merger (other than those held by Biver and two of his companies) were converted into the right to receive $6.40 per share in cash (except that two former officers of Eagle Point will receive a portion of their merger consideration in the form of subordinated promissory notes). In the near future, shareholders of record will receive instructions for submitting their shares and receiving the merger consideration. Eagle Point's stock will no longer be publicly traded. Biver sees Eagle Point's direction as focusing 100% on the land development automation industry, Eagle Point's core market since its inception in 1983. Prior to the merger, Eagle Point also developed applications for the residential building design and construction, architectural, and structural engineering markets. Those divisions of Eagle Point have been divested to another company.Visit http://www.eaglepoint.com