Without admitting or denying the commission's findings, California-based Informix agreed to the issue of an order requiring the firm to cease violations of securities laws and to cooperate in a continuing investigation.
The SEC found the firm had inflated revenues by US$295 million and earnings by US$244 million over the period, had violated antifraud provisions of federal securities laws, as well as reporting, book-keeping and internal control provisions.
In November last year, Informix got court approval for settlement of shareholder lawsuits related to the accounting irregularities.
