Interwoven, Inc. (NASDAQ:IWOV) announced that it has acquired Scrittura, a provider of document automation technology and straight-through-processing for the complex non-exchange based trading operations of financial services institutions. The acquisition maps to Interwoven’s strategy to deliver targeted ECM solutions, and positions Interwoven as an ECM provider in the market for trading of non-exchange based financial instruments. As a result of the acquisition, Interwoven now offers a complete solution for the automation of Over-the-Counter (OTC) Derivatives trading. Under the terms of the agreement, Scrittura shareholders will receive initial cash consideration of approximately $16.3 million and up to $2.0 million of additional cash consideration if certain revenue and operating contribution goals are achieved by December 31, 2005. In addition, Interwoven will assume certain Scrittura stock options in the acquisition. Designed to enable financial services customers to more quickly and easily conduct complex non-exchange based trades with other financial institutions, the new Interwoven OTC Derivatives solution will provide: business process management; document management; records management; fax and paper capture; and messaging brokering. The Interwoven OTC Derivatives solution is available now.
Day: August 16, 2005
Xenos Group, Inc.(TSX: XNS) announced the launch of GoXML.com, a new Web site
providing resources, tools and tips to help developers solve data integration challenges, accelerate data transformation projects and streamline the conversion of transactional information from existing disparate systems. Xenos’ GoXML Transform engine is deployed within a Java application, as a Web service, or as a transactional server. GoXML Transform Designer provides advanced visual data mapping and allows users to graphically configure data transformations without the need for custom programming. GoXML Transform Designer runs on Windows NT, 2000 and XP, as well as Solaris, OS 390 and Linux platforms, and is available now starting at $699US per user. ,
Content Management Professionals (CM Pros), the international content management community of practice announced its new member-driven committee process including a framework for the formation of regional chapters. The CM Pros committee process which enables members to formally organize in groups based on geographic location or common interest in a particular topic empowers any group of at least three members to form a committee by issuing a call for participation to the entire membership. Within thirty days, the group hosts its first official meeting at which attendees elect a steering committee populated by at least three members of the group, one of whom serves as chair. The steering committee oversees the creation and progress of subcommittees and strives to advance the mission of the committee. CM Pros committees may host events and meetings as well as engage in working activities, such as by publishing newsletters or contributing white papers to CM Pro’s growing Knowledge Resource library. Named “The CM Pros [REGION] Community” or “The CM Pros [TOPIC] Community, the program is supported by CM Pros increasingly robust portfolio of services, including mailing lists, community-specific web pages, and support for events such as meetings and CM Pros Summits. Participation in CM Pros committees offers members the opportunity to build professional networks through face-to face-interaction and intensive collaboration. More than twelve regional groups plan to organize by the end of 2005, a number that is anticipated to double within a year. Founded in 2004, CM Proswhich has grown from a founding group of 30 content management experts to more than 400 membersprovides information, expertise and support to content management professionals and the organizations they serve. Join CM Pros on the Web at http://www.cmprofessionals.org.
