Vignette Corp. announced that it has entered into a definitive agreement to acquire privately held Intraspect Software, Inc., a provider of enterprise collaboration solutions. Under the terms of the agreement, Vignette will pay $20 million, comprised of $10 million in cash and approximately 4.2 million shares of Vignette stock, for Intraspect. The transaction is subject to approval from the Intraspect stockholders and customary closing conditions. The Intraspect product line includes Java-based collaboration functionality and a complete collaborative applications framework so users can customize the user interface and collaboration services flow. Services provided by the core Intraspect platform include indexing and search, security, communications, data management and subscription notification. In addition to the core Intraspect 5 platform, Intraspect offers several packaged horizontal and vertical solutions that help customers solve more complex collaborative business process needs. As part of Vignette, the Intraspect 5 platform will continue to be sold, supported and enhanced as well as offered in an integrated suite. Vignette also will integrate Intraspect technology with its content management and portal solutions. www.intraspect.com. www.vignette.com
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