Verity Inc. announced the signing and closing of its acquisition of Dralasoft Inc. for an all cash payment of approximately $8 million. Dralasoft became a wholly-owned subsidiary of Verity as a result of the transaction. Dralasoft’s ongoing business includes its customer base and sales pipeline as well as its technology portfolio, consisting of component-based business process management solutions and business activity monitoring (BAM) software. It includes Dralasoft Workflow, an enterprise BPM suite that features an orchestration engine with a suite of graphical tools including Dralasoft Workflow Studio, a visual design tool. In addition, Dralasoft Workflow is an embedded application found in many software products used in several vertical markets. As part of the transaction Verity is offering continued employment to all Dralasoft employees, including its founder, president and chief technology officer, Suresh Ramaswamy. Verity intends to utilize Dralasoft’s BPM technology as a means to better unify the capabilities of Verity’s Intelligent Content Services and Content Capture/Process Automation offerings. Verity expects the Dralasoft acquisition to be accretive within the fourth quarter of its current fiscal year. The company will offer details on re-branding initiatives as well as service and maintenance programs shortly. Verity will immediately market the Dralasoft products through both its direct and OEM sales organizations. www.verity.com
Day: December 15, 2004
Infodata Systems Inc. announced the general availability of its new Infodata Annotation Suite 2.0 product, built from its AnnoDoc technology. Annotation Suite 2.0 delivers the functionality organizations require to ensure the integrity of content as it relates to compliance mandates such as 21 CFR, Sarbanes-Oxley, HIPPA, DoD 5015.2 and others. Annotation Suite 2.0 offers organizations the means to implement a single annotation technology across any content repository (ECMs, databases, or line of business applications) while providing individual businesses units control over their unique content review processes in a manner that ensures compliance. Annotation Suite 2.0 specifically addresses the business processes around document reviews by allowing distributed teams of colleagues to review and comment (i.e., “annotate”) documents in parallel. Annotations are stored separately to maintain the document’s original source structure. All changes to annotations are tracked by a complete audit trail. Infodata Annotation Suite 2.0 provides compatibility to a broad set of environments, including EMC/Documentum (4.x, 5.x, DCM 4 and 5, and numerous client types). Third party integrations also include Adobe Acrobat 5 and 6, and Liquent’s PDFAqua 4 and 5. In addition, this release includes the integration to IBM’s DB2 Content Manager for Multi-Platforms v8.2 thus providing the opportunity for multiplied thousands of additional users to incorporate and leverage Infodata’s annotation technology for improved management of compliance documents. www.infodata.com
