Plumtree Software, Inc. announced that it has received an unsolicited conditional offer from the Sutter Opportunity Fund 2, LLC to acquire all outstanding shares of Plumtree common stock in exchange for $2.00 in cash and a promissory note due in five years. The offer came in the form of a letter dated September 3, 2002 from Sutter Capital Management of San Francisco to Plumtree CEO John Kunze. Plumtree’s Board of Directors will evaluate the terms of the offer in due course. Prior to receiving the letter, Plumtree had no contact with Sutter Capital Management. www.plumtree.com
Day: September 3, 2002
Software AG, Inc. and Active Data Exchange, Inc. announced a strategic sales and technology alliance to provide a content distribution management solution across multiple enterprises. Active Data Exchange’s content distribution management solution, Active Data Syndicator version 4, embeds Software AG’s Tamino XML server. The result of the Software AG – Active Data Exchange alliance is an end-to-end solution that enables companies to create new revenue streams by taking advantage of existing content. Software AG’s Tamino XML server and Active Data Syndicator both store, process and deliver XML. The time required to aggregate and transform existing content is decreased, resulting in faster distribution of vital information to internal and external customers. Software AG has agreed to distribute Active Data Syndicator in North America. www.softwareagusa.com, www.activedataX.com
