Dataware Technologies, Inc. today announced that it has purchased the assets and assumed selected liabilities of Sovereign Hill Software, Inc. The total estimated transaction cost of approximately $4.0 million is currently anticipated to result in a one-time write-off of in-process research and development of between $2.0 to $3.0 million in the quarter ended December 31, 1998. The purchase price included 200,000 shares of Dataware Common Stock and warrants to purchase 40,000 additional shares of Dataware Common Stock priced at $6.00 per share. Although year-end results are not complete, Dataware currently estimates that earnings per share for the fourth quarter of 1998, prior to one- time charges, will be in line with analysts’ estimates. Final fourth quarter and year-end 1998 results will be announced on February 11, 1999. David Mahoney, Sovereign Hill’s current CEO, will join Dataware as president and CEO. Kurt Mueller will remain on the Dataware board of directors as chairman. www.dataware.com
Day: January 3, 1999
Adobe Systems Inc. has acquired the assets of GoLive Systems Inc., a privately-held company whose products include the GoLive CyberStudio professional Web publishing software. The acquisition gives Adobe a professional Web publishing platform to market alongside its graphics and imaging software. The acquisition also brings a number of high-profile clients, such as Aware Records, Music Boulevard, Cartoon Network, Warner Bros. Records, The Associated Press, NuSkin, MTV Networks, Virgin Records, The Chicago Tribune, Apple Computer and Iomega Corporation. www.adobe.com
CAP Ventures’ Dynamic Content Software Services group has signed-up two new experts to work with DSS clients in a variety of research and consulting projects.
RightDoc Company announced the immediate availability of RightDoc 1.0, an XML-based content management and publishing engine. RightDoc provides for the dynamic creation of XML documents in Enterprise or Web server based Visual Basic, C++, J++, Delphi, Excel, and Access applications. XML-based RightDoc(tm) dynamically creates personalized document content from applications to view, print, and generate HTML4, PDF, and PostScript formats with built-in variable text merging, conditional formatting and conditional processing. Evaluation software can be downloaded at www.rightdoc.com.
Object Design, Inc. today announced that the beta software for its eXcelon XML data server is now available free-of-charge from the company’s Web site at (www.objectdesign.com). eXcelon is an XML data server that enables companies to build Web applications using XML. eXcelon can be used as an XML application cache for existing data sources, or as a data management system for new XML-based applications.
