Click Commerce, Inc. announced it has agreed to acquire the operating assets of Webridge, Inc., a provider of secure extranet portal solutions. The acquisition of Webridge will extend Click Commerce’s presence into the healthcare market and add content and compliance management to its product offering. The Webridge operating assets will be acquired for approximately 600,000 shares of Click Commerce stock subject to working capital adjustments to be determined at the closing date of the transaction. Other terms of the acquisition are not being disclosed at this time. The acquisition is expected to be completed by the end of April subject to a number of conditions. www.clickcommerce.com, www.webridge.com
Leave a Reply
You must be logged in to post a comment.