Ascential Software Corporation announced the second release and immediate availability of the Ascential Media360 Digital Asset Management solution. Media360 version 2.1 introduces improved functionality across several Media360 modules, in the areas of performance, integration and interoperability.
Media360 is a key part of Ascential’s product portfolio for Information Asset Management. With this release, Media360 offers advanced workflow management. It offers real-time access to video and audio data while it is being ingested. Media360 version 2.1 introduces improved functionality across several Media360 modules, in the areas of performance, integration and interoperability. www.ascentialsoftware.com
FpML.org has published Financial products Markup Language Version 2.0 as a working draft and is seeking comments from interested parties before issuing a last call working draft. Version 2 extends coverage to interest rate option and swaps. The working draft can be obtained via www.fpml.org/spec/index.html. Comments on the working draft are requested by Friday, 9th November 2001 via firstname.lastname@example.org. The final step in the progress of Version 2.0 is to be endorsed as a Recommendation by FpML.org. A Recommendation reflects consensus within FpML.org, as represented by approval from the Standards Committee. The Standards Committee considers that the ideas or technology specified by a Recommendation are appropriate for widespread deployment and promote the mission of FpML.org. FpML.org endorsed FpML version 1.0 in May 2001. It covers interest rate swaps and forward rate agreements. www.fpml.org
SilverStream Software, Inc. and Autonomy, Inc. announced they have entered into an OEM agreement to embed a core piece of Autonomy’s dynamic reasoning engine within SilverStream eXtendDirector 3.0 (eXtend Director). A key piece of the SilverStream eXtend product suite, eXtend Director 3.0 has a comprehensive set of capabilities for consuming and delivering dynamic content, data and Web Services in a relevant way to customers, partners and employees on any device. Available today in beta eXtend Director is J2EE compliant and runs on J2EE application servers including the SilverStream eXtend Application Server. Autonomy’s technology enhances eXtend Director’s content management subsystem by enabling computers to automatically analyze and rank concepts within unstructured information — including email, voicemail, Web pages and word documents — so that it can be categorized, linked to related information and delivered to the appropriate person. www.autonomy.com/, www.silverstream.com
divine inc. said it will buy Eprise Corp. for about $43 million in stock to expand further into Internet content management. Chicago-based divine, which has been snapping up low-priced Internet companies all summer long, said it would issue about 54 million shares of class A stock for all of Eprise’s shares. Eprise shareholders will get 2.4233 divine shares for every share of Eprise common stock. Based on divine’s closing Nasdaq stock price on Monday of 80 cents, those terms value Framingham, Massachusetts-based Eprise at $1.94 per share, more than double its closing price Monday of 71 cents, also on Nasdaq.
In early Tuesday trading, Eprise shares were up 43 cents, or nearly 61 percent, at $1.14. Shares of divine were down 9 cents, or more than 11 percent, at 71 cents. The company said the acquisition of Eprise would expand its market share in the business of providing software that manages Web content and would contribute significantly to revenue. www.divine.com