Hummingbird Ltd. announced the acquisition of Valid Information Systems Limited (Valid). Founded in 1989, Valid is a privately held company that is in the compliance and records management market in the United Kingdom. Hummingbird acquired the shares of Valid for initial consideration of British Pounds 10 million (US dollar 16.5 million) in cash and additional consideration of British Pounds 8 million (US dollar 13 million) in cash payable over 2 years, based on performance targets. Valid will operate as a wholly owned subsidiary of Hummingbird, continuing to support and maintain all customer implementations. Hummingbird will continue to sell the Valid products in the UK without interruption. The existing Valid management team and employees will remain with their current responsibilities and positions. www.hummingbird.com
Day: June 30, 2003
eMotion, Inc. announced the acquisition of Artmachine. The company also announced the completion of a $2.5 million round of financing. Most of Artmachines current staff will be relocating to eMotions headquarters in San Francisco, California where eMotions CEO, Richard Fisher, and other key finance and marketing executives are based. eMotion plans to use the financing to facilitate the integration of eMotion and Artmachine technologies onto its next generation platform, to enhance customer support and marketing initiatives, as well as to expand the North American sales team. www.emotion.com, www.artmachine.com
Software AG, Inc.announced that version 4.1.4 of its Tamino XML Server includes a new indexing tool for performing metadata searches on non-XML documents such as Microsoft Office and Sun StarOffice. Other text retrieval enhancements in Tamino XML Server 4.1.4 include phonetic document searches and retreived text highlighting. Tamino’s Non-XML Indexer plug-in module works with Tamino to extend the set of searchable metadata – such as author, creation date, date last modified, or file size – that is associated with non-XML documents. The module can create indices for standard document formats such as Microsoft Office (including Word and Excel), StarOffice (including Writer and Calc), OpenOffice, Plain text files (UTF-8), MPEG Audio (often known as MP3 files), RTF (Rich Text Format) and ZIP files. Tamino XML Server 4.1.4 is available now for Windows 2000/XP Pro, Linux (Intel systems and S/390) HP-UX, Sun Solaris 8 and IBM AIX 5.1 and 5.2. Later this month Tamino will also run on Sun Solaris 9. Separately installable on Tamino, the Non-XML Indexer plug-in module can be downloaded from the Tamino Developer Community. http://developer.softwareag.com/tamino
