INSCI Corp. announced the acquisition of WebWare. The acquisition was made for cash and stock. Further terms of the transaction will be disclosed on Form 8K to be filed with the SEC by the end of the month. This transaction is anticipated to accelerate the development of the next generation of ActiveMedia SOAP/J2EE platform. WebWare ActiveMedia software brings INSCI a digital asset management platform for integrating rich media contentsuch as images, illustrations, layouts, slide presentations, video and animationinto content management systems, web publishing systems, and e-commerce portals. This complementary technology is expected to broaden INSCI’s product suite, which is designed for the capture, long-term preservation and web presentment of such content as banking and financial statements, explanations of benefits (EOBs), claim images, and e-mail. The resulting expanded enterprise solution manages wide-ranging business contentfrom documents to e-mail, graphic images to video. www.webwarecorp.com, www.insci.com

Share