Verity, Inc. announced it has filed a registration statement in connection with a proposed underwritten public offering of 1,775,000 shares of its Common Stock, plus an over-allotment option of 266,250 shares. 1,500,000 of the shares (plus the shares in the over-allotment option) are being offered by Verity in a new financing, and 275,000 of the shares are being offered by certain stockholders. SG Cowen Securities Corporation, Banc of America Securities LLC, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and SoundView Technology Group, Inc. are the underwriters of the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. www.verity.com
Day: July 11, 1999
Plumtree Software announced it has shipped a new release of the Plumtree Corporate Portal. Enhancements include: A new Active Portal architecture for embedding third-party corporate tools and Internet services in the portal using modular components called Plumtree Portal Gadgets; Self-service personalization, for empowering users to choose the corporate content and services that they use every day for inclusion in a single portal page; Multi-server enterprise scalability, with support for more than 100,000 users; Web administration, with a sophisticated submission and approval process for enabling a wide range of users to contribute to the portal in a controlled way; and Security for the extranet and Internet, with complete access control for all portal contents, including search results. Pricing for the Plumtree Corporate Portal 3.0 begins at $100,000. The Plumtree Corporate Portal is available immediately. www.plumtree.com
IntraNet Solutions, Inc., announced that the underwriters of its public offering have exercised their option to acquire an additional 552,000 shares of its common stock, including 484,500 shares sold by the Company and 67,500 shares sold by selling shareholders, at a price of $8.00 per share to the public. The managers of the offering were Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and U.S. Bancorp Piper Jaffray, Inc. The Company plans to use the net proceeds of the offering for working capital and general corporate purposes. www.intranetsol.com
Macromedia, Inc. announced a definitive agreement under which Macromedia will acquire Elemental Software for $24 million in a stock for stock transaction. Elemental’s products Drumbeat 2000 and eStore Builder combined with Macromedia’s products like Dreamweaver and Generator, will enable Web developers to create dynamic Web sites for e-commerce, corporate intranets and personalized content. The addition of the Elemental products to Macromedia’s Web publishing product family provides a standards-based end-to-end solution of software for efficiently creating, producing and maintaining dynamic Web sites that automate the process of linking database information to Web applications with reusable code. In the transaction, Macromedia will exchange approximately 625,000 shares of its stock for all of the outstanding equity of Elemental, for a total purchase price of approximately $24 million. The transaction will be accounted for as a pooling of interests, and is expected to close within 45 days, subject to satisfaction of customary closing conditions and regulatory approvals. Macromedia expects to take a one-time charge of approximately $3.0 million for expenses related to the acquisition in the current quarter. www.macromedia.com
Extensibility Inc. announced the first commercial product for BizTalk Framework schema validation. XML Authority 1.1 will provide import and output support for BizTalk Framework compatible schemas and for the XDR schema format and for the W3C schema specification when it becomes available. It will also provide advanced support for XML namespaces. The test version of XML Authority 1.1 will be made available free of charge to XML Authority 1.0 customers in late July. A special trial version of XML Authority 1.1 will be accessible for download from the BizTalk.org site at www.biztalk.org in August. Using XML Authority 1.1, developers can create and exchange schemas compliant with the BizTalk Framework specifications. XML Authority is $99.95, multiple user x-Packs are available: 5-user, $449.95; 10-user, $849.95; 50-user, $3,995.00. A 10-use trial version may also be downloaded from the Extensibility site. www.extensibility.com
Managed Object Solutions, Inc. (MOS) today released Formula version 1.2. This new release integrates with Tivoli Systems TME/10 NetView, Tivoli Enterprise Console (TEC) and Hewlett-Packard OpenView Network Node Manager, and provides XML support, business-centric views, and centralized automation. Formula makes it easy for service providers and IT departments to manage complex, heterogeneous networks, while allowing them to keep their existing management applications in place. Developed entirely in 100 percent pure Java, Formula integrates data from multiple management applications, and then delivers a secure, customizable enterprise view through any standard Web browser. The new HP and Tivoli adapters add to the list of management systems supported by Formula. All Formula adapters are CORBA-based and bi-directional, providing a greater scope of visibility and tight integration with the underlying platforms. They dynamically learn what the management system knows and therefore require no configuration. Formula’s new XML support simplifies customization of business-centric views. Already capable of providing a universal management console for operations managers, Formula now can take disparate information and organize it on business-centric lines, supplying a specific, valuable view to businesspeople, line-of-business managers and service provider customers. www.mos.cc
