Inso Corporation announced that it has sold the Company’s Information Exchange division (“IED”) to IntraNet Solutions, Inc. for approximately $55 million in cash. The exact net cash proceeds to the Company and net gain from the transaction will not be finalized until both parties have agreed to the post-closing balance sheet for IED. However, based upon the Company’s preliminary post-closing balance sheet for IED, estimated transaction-related costs and income taxes, the Company’s net cash proceeds are expected to approximate $48 million, and the Company’s net gain from the transaction is expected to be approximately $38 million. www.ebt.com.

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