Ask Jeeves, Inc. has entered into a definitive agreement under which Kanisa, Inc. will acquire Jeeves Solutions, the enterprise software division of Ask Jeeves. Jeeves Solutions’ search technology and analytics will enable Kanisa to offer a larger, more robust suite of customer service solutions. With the sale, Ask Jeeves will focus solely on its growing Web-wide search business. Under the terms of the agreement, Kanisa will acquire substantially all assets of Jeeves Solutions including the JeevesOne technology and its approximately 40 corporate customer accounts. Kanisa will pay a purchase price of $4.25 million, of which $3.5 million will be paid in cash on closing and the remaining in a one-year promissory note for $750,000, which is subject to certain conditions. The sale is expected to close in July 2003.
www.AskJeevesInc.com
Day: May 27, 2003
Inxight Software, Inc. announced the general availability of adaptors to multiple enterprise information management systems, including Documentum, Lotus Notes, Microsoft SQL Server and Plumtree. These adaptors enable Inxight SmartDiscovery customers to access data stored in these disparate systems for processing and delivery through SmartDiscovery. SmartDiscovery Enterprise Adaptors offer Inxight customers a means of integrating content inside existing information management systems into a single point-of-access solution. SmartDiscovery Enterprise Adaptors allow users to schedule updates and retrieve documents and emails from these systems. This information is then analyzed and relevant metadata is extracted to enable search, classification, entity extraction, summarization and visualization of the data. The resulting metadata can be populated back into the original system for display in existing portals or other interfaces, or can be stored in a dedicated repository and accessed by Inxight’s user environment. SmartDiscovery includes Web and file crawlers that enable users to access information stored on hard drives, internal networks, and Web sites. www.inxight.com
