Curated content for content, computing, and digital experience professionsals

Day: May 11, 2005

Infodata to Be Acquired By McDonald Bradley Inc

Infodata Systems Inc. announced it has signed a Letter of Intent to be acquired by McDonald Bradley Inc. (MBI), a privately held information technology solutions provider to the government marketplace with headquarters in Herndon, Virginia. A definitive agreement is expected to be signed within the next two weeks. The cash offer is for 100% of the stock of Infodata. Based on a current estimate of 6.3 million outstanding shares on a fully diluted basis, the per share purchase price would be $1.20. Based on a current estimate of 5.3 million outstanding shares on a non-fully diluted basis, and on the closing market price of $1.18 per share on May 11, 2005, the purchase price is approximately $1.3 million above Infodata’s current market capitalization. The transaction, which is planned to close by July 31, 2005, is subject to approval by Infodata’s shareholders and other customary conditions of closing, including satisfactory completion of due diligence by MBI.

Interwoven Announces ECM Solutions on Microsoft Platform

Interwoven, Inc. announced they have become a Microsoft Gold Certified Partner. Interwoven, building on Microsoft technologies, will enable information workers-starting with professional services firms including legal, accounting, management consulting, corporate legal departments, and IT consulting-to manage the entire content lifecycle through the tight integration of the Interwoven WorkSite Collaborative Document Management, E-Mail Management, and RecordsManager solutions with the Microsoft platform including Office, SharePoint Portal Server, and Windows.