Progress Software Corporation (PSC) and EasyAsk, Inc. jointly announced an agreement by which PSC will acquire substantially all of the assets of EasyAsk in an all cash transaction for a purchase price of approximately $9.2 million, net of cash acquired. Upon close of the transaction, EasyAsk will become a separate operating unit of PSC. EasyAsk provides an embedded natural language question/answer capability that allows non-technical users to ask ordinary English questions about the information created and maintained by business applications, and provides search, navigation and merchandising functions on the web sites of retailers and manufacturers. EasyAsk’s commerce solutions benefit both Business-to-Consumer (B2C) web sites and Business-to-Business (B2B) sites. Present and future EasyAsk eCommerce customers will benefit from the resources of Progress Software. The transaction is expected to close within fifteen days. http://www.easyask.com, http://www.progress.com

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