Month: August 2003 (Page 2 of 3)

Stellent, Inc. announced it has acquired select assets of privately held Ancept, Inc. In addition, Ancept is a Strategic Alliance Partner of IBM’s. Stellent will continue this partnership and continue to market Ancept Media Server in conjunction with IBM. Ancept Media Server, in combination with the Stellent Content Server, will enable Stellent customers to connect video content editing, management and reuse processes while allowing them to manage their digital assets in the same repository structure as the rest of their enterprise content. The initial product integration is scheduled for release in the fourth quarter of Stellent’s fiscal year 2004. As part of the acquisition, Stellent hired 18 Ancept employees, primarily in the product development and consulting services areas. Jeff Stromberg, Ancept’s founder and president, has joined Stellent as vice president of business development. Stellent acquired select assets of Ancept for $2.0 million in cash, 100,000 shares of Stellent common stock and a potential cash earn-out over a two-year period based upon revenue performance. www.stellent.com

Interwoven, Inc. and iManage, Inc. announced they have entered into a agreement to merge in a stock and cash transaction valued at $171 million. The two companies have a combined customer base of over 2500 companies. iManage’s strength in professional services and financial services complements Interwoven’s base in manufacturing and consumer goods. iManage will benefit from Interwoven’s presence in Europe and Asia Pacific, while Interwoven gains access to a network of over 150 partners, VARs, and systems integrators in North and Latin America. Both products have been developed with Java and J2EE. The combined companies plan to integrate iManage’s collaborative technology with Interwoven MetaTagger content intelligence server software, to improve the ability to personalize and find relevant content, and link iManage’s content repository with Interwoven OpenDeploy content distribution software, to distribute collaboratively developed documents and corporate knowledge. The new company will be named Interwoven and will be headquartered in Sunnyvale. iManage shareholders will receive $1.20 per share in cash and 2.0943 shares of Interwoven stock for each share of iManage stock. Following the expected closing in Q4 Interwoven shareholders are expected to own approximately 67% and iManage shareholders 33% of the combined company. The iManage product line is available today from Interwoven and can be purchased for an entry price of $75K. www.interwoven.com, www.imanage.com

JDA Software Group Inc. announced that it has acquired substantially all of the remaining assets of Engage Inc. for $3.0 million in cash. Using Engage’s digital asset management and ad layout capabilities, JDA clients will be able to produce localized customer communications in less time and at reduced costs. As the successful bidder in a Chapter 11 auction, JDA gained all intellectual property for Engage’s four current product lines that target retailers, agencies, newspapers and corporations as well as all equipment. JDA expects to spend up to an additional $800,000 for assumed liabilities, which will bring the total cost of the Engage acquisition to approximately $3.8 million. JDA has extended employment offers to approximately 30 former Engage sales, development, services and support associates. JDA will close Engage’s headquarters in Andover, Mass., and establish a more appropriately configured office in the nearby area. For the nine months ended April 30, 2003, Engage’s total unaudited revenues were $8.2 million, which included $2.3 million in software licenses, $3.1 million in maintenance revenue and $2.8 million in services revenue. www.jda.com