TIBCO Software Inc announced it has agreed to acquire Extensibility, Inc. in a stock transaction valued at approximately $100 million. Extensibility software is used to design and process XML schemas, computer “vocabularies” that enable e-businesses to create and exchange complex digital documents and validate electronic commerce transactions. Combining TIBCO’s current XML and schema management capabilities with Extensibility’s leading technologies will allow customers to create entirely new types of software applications to more quickly and easily conduct business over the Internet. In addition to incorporating Extensibility’s technologies into its own products, TIBCO will continue to market and enhance stand-alone Extensibility products. Completion of the acquisition is subject to customary regulatory review. The acquisition will be accounted for under the purchase method of accounting. TIBCO is in the process of evaluating the allocation of the purchase price to the assets to be acquired, which will include in-process technology that will be written off in the fourth quarter of fiscal 2000, and goodwill and intangibles, which will be amortized over the benefit period. www.tibco.com, www.extensibility.com