Alpnet, Inc. announced that it has signed a Letter of Intent with EP Electronic Publishing Partners GmbH in Nuremberg, Germany, which is expected to result in the acquisition of all shares of EP Electronic Publishing Partners by Alpnet before the end of May 1999. Completion of the transaction is subject to due diligence and the execution of a definitive acquisition agreement. EP designs and develops custom-built systems for document, information and translation management. During the past three years, EP has developed and implemented a sophisticated translation management system for a large European institution, providing a unified translation management tool for more than 2000 users. EP was created in 1993 and was formerly the research division of TA Triumph Adler. The company employs 15 people who are active in system integration and consulting projects for German publishing companies. EP also has ongoing projects for a large European institution developing and maintaining translation and information management systems. EP currently projects 1999 revenues, prior to being acquired by Alpnet, to be approximately $1.3 million with profitable operations. www.alpnet.com
Day: April 6, 1999
WavePhore, Inc. announced the availability of the beta release of WavePhore NewsPak. NewsPak enables easy integration of streaming real-time news, selected from more than 70 industry categories, into web sites. NewsPak includes both real-time news feeds and the NewsPak Software Developers Kit. The NewsPak SDK is based on XML, the new universal standard for information exchange. The SDK contains the tools necessary for web site owners to accept a real-time streaming XML news feed from WavePhore, store extracted content on their local server, then display this content in a style consistent with the rest of their site. The NewsPak architecture supports such enhancements as Internet broadcasting of streaming audio and video. www.wavephore.com, www.newspak.com
Akamai Technologies, Inc. announced that George H. Conrades has been named Akamai’s Chairman and Chief Executive Officer, effective immediately. He will spearhead the commercial launch of FreeFlow, Akamai’s Internet content distribution service. Mr. Conrades, who has been representing Akamai investor Polaris Venture Partners as a member of the Akamai Board of Directors since last December, will also continue in his position as a venture partner at the venture capital firm.Before joining Polaris in 1998, Mr. Conrades served as Chairman and Chief Executive Officer of BBN Corporation where he led the commercialization of this prestigious high-technology research and development company. After BBN was acquired by GTE in 1997, he led the integration of GTE’s overall Internet and data communications activities as Executive Vice President of GTE and as President of GTE Internetworking. Mr. Conrades began his career at IBM, rising to become the head of IBM United States, where he led the creation of IBM’s services business. www.akamai.com
Idetix, Inc., an Internet and new media company focused on developing content management products and services, announced the release of Revize v2.0. Revize is a client/server content management software system that enables Web developers to build content editing capabilities into new or existing Web sites quickly and easily. Priced at $895.00 U.S., the software is platform and web server- independent and enables content contributors to use any Java-enabled browser to edit content while site and page layout remain protected. Revize v2.0 is priced at $895 US per web site. Per web site licensing is defined by the base URL entered for each running copy of the Revize server, or each separate entity or organization using Revize. There are no additional costs for content contributors, but third party licensing is required to resell content management services. Revize v2.0 is available through the company’s network of resellers and VARs, or can be downloaded and purchased from www.revize.com
