Year: 1999 (Page 88 of 97)

Interleaf, Inc. announced the company has closed the private placement investment of $4.2 million, part of Interleaf’s previously announced capital improvement initiatives. In this private placement, major stockholders and members of Interleaf’s senior management team purchased 1,761,167 shares of common stock at $2.40 per share for total proceeds to the Company of $4,226,800. The transaction closed on February 16, 1999. All shares will be registered for resale pursuant to a Registration Statement on Form S-3 filed with the SEC. www.interleaf.com

Inso Corporation today announced the formation of a new Product Data Management (PDM) Division. Headquartered in Milpitas, California, Inso’s new PDM Division was created after the company’s recent acquisition of Sherpa Systems Corporation, the developers of SherpaWorks. Paul R. Anderson, formerly vice president of corporate development at Inso, has been named vice president and general manager of the new PDM Division. As vice president and general manager, Mr. Anderson will oversee the continued development of the SherpaWorks product line and other PDM solutions, as well as the integration of Sherpa technology into Inso’s Enterprise Information Platform. Prior to joining Inso, Mr. Anderson held various senior management positions at Adobe Systems Incorporated. Stephen Baunach, Sherpa’s former chief technology officer, assumes the role of vice president and chief technology officer for the PDM Division. In this role, Mr. Baunach will continue to manage PDM product development, aid in extending Inso’s expertise in managing and publishing product-related information and lead the evolution of Inso’s PDM strategy. Inso has also appointed Stephen Schreifer as the vice president of worldwide sales for PDM products. Prior to joining Inso, Mr. Schreifer held senior sales positions at SDRC. www.inso.com

Entrust Technologies Inc., supplier of managed public-key infrastructure (PKI) solutions, has partnered with Doumentum, Inc., to authenticate web access and to deliver integration of digital signatures using X.509 certificates into Doucumentum’s EDMS 98. This integration provides security to the pharmaceutical industry and other process manufacturing companies for the management of documents, policies and procedures. The two companies also plan to work together to integrate Entrust/PKI features with industry-specific applications built upon Documentum’s EDMS ’98.The joint solution leverages Doucumentum’s EDMS and Entrust public-key infrastructure technology to solve some of the business problems facing process manufacturing: streamlining document approvals, managing records and reports for good manufacturing practice compliance, and improving the exchange of information between departments and organizations. This solution ensures that only those who are authorized to see and change the files are allowed access to the document. www.documentum.com, www.entrust.com

Forte Software, Inc., announced the formation of an Enterprise Application Integration (EAI) Business Unit to accelerate business opportunities and provide focused expertise to the integration market. The company also announced the promotion of Jonathan McKay as vice president of the EAI Business Unit.The formation of the EAI Business Unit will encompass Forte’s comprehensive integration line, which includes business process integration, technology adapters, open middleware, and application deployment, as well as the Forte Adapter Series, which are Forte’s XML-based application package adapters. The company recently announced Adapters for SAP R/2 and R/3, as well as Vantive Enterprise with additional Adapters planned later in the year. www.forte.com

Lockheed Martin today announced the integration of Formtek, A Lockheed Martin Company into its Integrated Business Solutions Company (IBS). Lockheed Martin’s Integrated Business Solutions Company will create a new business area focused on Formtek’s commercial software product FORMTEK:ORION, and services focused on the Integrated Document Management market. The new business area will be headed by Dennis M. Scanlon, vice president for Integrated Document Management Solutions, and will report to Gary P. Mann, president, Integrated Business Solutions Company. www.formtek.com

PC DOCS/Fulcrum announced it will re-focus its current organization into six different operating Business Units to address the Professional Services (including Legal), Financial Services, Manufacturing, Government, OEM, and ISO markets. www.pcdocs.com

Dataware Technologies, Inc. announced its financial results for the fourth quarter and year ended December 31, 1998. For the fourth quarter of 1998, Dataware reported net income of $946,000, or $0.10 per share, on revenues of $8.6 million, excluding one-time charges totaling $1.6 million taken in the fourth quarter. These results compare to net income of $252,000, or $0.03 per share, on revenues of $7.8 million in the fourth quarter of 1997, excluding a one-time charge totaling $2.2 million. For the year ended December 31, 1998, Dataware reported net income of $1.9 million, or $0.20 per share, on revenues of $33 million, excluding one- time charges related to the acquisition of Green Book in the first quarter of $450,000 and the other one-time charges taken in the fourth quarter of $1.6 million. This compares to a 1997 loss of $5.8 million, or $(0.76) per share, on revenues of $37 million. After the accretion of preferred stock totaling $677,000, the net loss available to common stockholders for 1997 was $6.5 million, or $(0.85) per share. After the one-time charges, Dataware reported a net loss of $699,000, or ($0.08) per share, for the quarter which compares to a $1.9 million loss, or ($0.21) per share, for the fourth quarter of 1997. The Company reported a net loss of $207,000, or ($0.02) per share for the year, which compares to a loss of $5.8 million, or ($0.76) per share, for 1997 before the accretion of preferred stock. www.datware.com