Open Market, Inc. announced that it entered into a definitive agreement to acquire FutureTense, Inc. Under the terms of the agreement, Open Market expects to issue approximately 7,226,000 shares of its common stock to the holders of outstanding FutureTense stock. In addition, Open Market will assume options to acquire FutureTense stock, which will convert into options to acquire approximately 1,118,000 shares of Open Market common stock. A portion of these options will be exercisable immediately upon the closing of the transaction. As of the close of trading yesterday, these shares had an aggregate market value of approximately $125 million. The companies expect that the transaction will be accounted for as a pooling of interests. The transaction is subject to shareholder approval and is expected to close in Q4 1999. Open Market believes that the combination of its products and those from FutureTense will provide customers with the potential to: Deploy e-business solutions more quickly and reduce the cost of vendor selection, integration and ongoing support, Create e-business Web sites with increased revenue potential because integrating content and commerce management helps maximize the value of on-line customer relationships, Extend and expand systems more easily because of FutureTense’s open application server architecture. Upon closing the transaction, Gary Eichhorn will continue as CEO of Open Market. Ron Matros, president and CEO of FutureTense, will join Open Market as president and chief operating officer. BC Krishna, co-founder and chief technology officer of FutureTense, will join as Open Market’s chief technology officer. A demonstration showing what a dynamic, personalized web site created with the two integrated products looks like is available on the Web at