Ancept, Inc., a provider of digital asset management (DAM) solutions announced support for the Adobe Graphics Server 2.0 imaging software. Integration of the Ancept Media Server with Adobe Graphics Server 2.0 will help graphics professionals and business users reduce image production time by enabling graphic file manipulation from any standard Web browser. This combined digital asset management and dynamic imaging solution helps clients effectively locate, prepare and repurpose digital brand imagery assets. www.Ancept.com
Day: November 12, 2002
Verity Inc. and Inktomi Corp. jointly announced that they have entered into an agreement under which Verity will acquire from Inktomi the assets relating to Inktomi’s enterprise search software business, which includes basic search, categorization and content refinement capabilities, as well as its XML technology assets. Verity will pay a purchase price of $25 million in cash, and will also assume Inktomi’s obligations under certain existing enterprise search business contracts, including customer support obligations. The companies currently anticipate closing the transaction in the next 30 to 60 days, subject to the satisfaction of customary closing conditions. Verity anticipates the transaction will be accretive to earnings per share within the first six months following closing. Under the terms of the parties’ agreement, Verity will gain access to Inktomi’s customer base of 2,500 companies worldwide. www.inktomi.com, www.verity.com
Fidelio Acquisition Company, LLC, a company formed by Sony Corporation of America, a subsidiary of Sony Corporation, Royal Philips Electronics and certain other investors, has executed a definitive agreement to acquire InterTrust Technologies Corporation. As a result of the transaction, Fidelio will acquire all of the outstanding common stock of InterTrust for approximately $453 million on a fully diluted basis or $4.25 per share. InterTrust’s Board of Directors has unanimously approved the acquisition. All InterTrust board members owning shares have agreed to tender all their shares of InterTrust common stock, representing approximately 20% of the outstanding common stock, in favor of the transaction. The acquisition is expected to close in early 2003. www.sony.com/SCA/index.html, www.philips.com/newscenter
LightSpeed Software, Inc. announced that it has partnered with Entopia, Inc. to provide a classification engine that works with its Knowledge Builder tool. Entopia incorporated LightSpeed’s pre-classification engine in the Knowledge Builder in conjunction with its own development of a configurable document classification tool that enables users to customize the classification and taxonomy. The Knowledge Builder is coupled with Entopia Quantum to facilitate integration of legacy content by generating a taxonomy and extracting metadata from source documents and integrating them into Entopia Quantum, where they are searchable and part of the collaboration space. The LightSpeed Software classifier engine comes with a knowledge base of about a million topics or themes. LightSpeed uses its classification technology in its own suite of Business Information tools and licenses the software both OEMs and VARs. www.LSpeed.com, www.entopia.com
