Author: NewsShark (Page 271 of 744)

Akiva Corporation announced the first commercial release of Silk. This software, which has been available in beta release since late 2004, is an open source collaboration solution built to enterprise J2EE software standards. Silk is designed to provide seamless integration of collaborative applications such as email clients, IM programs and meeting applications while providing a centralized web portal into an enterprise’s content and the collaboration surrounding it. As a framework for “collaboration enabling the enterprise”, documents and applications are presented along with the related collaboration such as participants, discussions, surveys, meeting notes and emails. Silk “competes functionally with applications such as IBM’s WorkPlace framework and the Microsoft Sharepoint technology.” Silk is built on J2EE, JBOSS, MySQL and Linux among others and is being distributed under the GNU Public License (GPL). As of today, the same software is also available under a commercial license, along with support, from Akiva for enterprise customers.

Hummingbird Ltd. (NASDAQ:HUMC) announced the acquisition of RedDot Solutions AG. Hummingbird acquired the shares of RedDot Solutions for an initial cash consideration of Euro 39.1 million (US dollar 47.5 million) and an additional cash consideration estimated at approximately Euro 4.5 million (US dollar 5.5 million) payable after December 31, 2005, based upon performance targets. RedDot Solutions will function as a subsidiary of Hummingbird and will continue to serve all its existing clients globally. The executive management of RedDot will remain in charge of operations. , http://www.hummingbird.com

ILOG (Nasdaq: ILOG) announced that EMC Documentum has selected ILOG as its preferred business rule technology provider for the EMC Documentum Business Process Management (BPM) product suite. By combining ILOG’s ILOG JRules with the EMC BPM solution for its enterprise content management (ECM) platform, business users can make policy changes within any BPM application without IT involvement. Business users can take advantage of ILOG’s BRMS to deploy and apply policy changes using EMC’s new “Documentum Process Connector for ILOG JRules.” This connector provides integration between ILOG JRules and the EMC Documentum BPM product suite. The Documentum Process Connector for ILOG JRules consists of two parts. One integrates with Business Process Manager, enabling the design of processes invoking external business rules, and the other integrates with Documentum Process Engine, enabling real time rule validation for each running instance of the process. Using ILOG’s BRMS, business policies defined by sub-processes or services can be managed or changed separately from the rest of the application. http://www.ilog.com

Infodata Systems Inc., (OTCBB:INFD) announced it has signed a Definitive Merger Agreement to be acquired by McDonald Bradley Inc. (MBI), a privately held information technology solutions provider to the government marketplace with headquarters in Herndon, Virginia. The acquisition will be a cash transaction for 100% of the stock of Infodata. The transaction, which is planned to close during the third quarter of 2005, is subject to approval by Infodata’s shareholders and other customary conditions of closing.

Stellent, Inc. (Nasdaq:STEL) announced it has acquired select assets of privately held e-Onehundred Group, a financial compliance solutions provider, for $5.0 million in cash, approximately 274,000 shares of Stellent common stock valued at $2.0 million and a potential $2.0 million cash earn-out over a one-year period based upon revenue performance. The transaction is not anticipated to have a material effect on Stellent’s revenues or expenses for the quarter ending June 30, 2005. e-Onehundred provides products and consulting services for financial compliance applications. The company’s domain expertise and product set will enable Stellent to more quickly capitalize on the growing financial compliance market by building a portfolio of applications on top of its compliance platform. e-Onehundred has been a strategic Stellent partner for approximately two years, and its technology is a key component of their Stellent Sarbanes-Oxley Solution. http://www.stellent.com

JBoss, Inc. released JBoss Portal 2.0, a significant upgrade of its open source, standards-based portal offering. A core piece of the JBoss Enterprise Middleware System (JEMS), JBoss Portal 2.0 embraces the Java portlet API specification (JSR-168) and provides an extensible portal framework that integrates dynamic Web pages and applications within standardized and reusable portlets. JBoss Portal can incorporate Web Services and J2EE-based components into the portal as portlets. JBoss Portal enables the user to combine applications and content into a unified presentation, simplifying access to these applications. Portals developed with JBoss Portal can be customized based on users, roles, security needs and administrative settings. By providing an integrated and secure user interface across applications, JBoss Portal makes it easier for users to leverage existing applications. http://jboss.com

The Board of SDL PLC announced proposals to acquire for a maximum aggregate consideration of $60.0 million, certain intellectual property in TRADOS and all of the outstanding issued shares of TRADOS. This includes $7.8 million for intellectual property, $52.2 million for the outstanding shares in TRADOS which include a $7.8 million TRADOS Management Incentive Plan. The above transactions will be satisfied by a cash consideration of $50 million to be funded from new bank facilities and the balance from the existing cash resources of the Company and by the issue of Ordinary Shares in SDL with a value of up to $10.0 million. The acquisition is conditional upon the approval of SDL Shareholders at an Extraordinary General Meeting to be convened for this purpose. By combining the technology, R&D, customer relationships and sales and marketing capabilities, the Enlarged Group will offer a stronger and more competitive offering in the Global Information Management (“GIM”) market. The Directors believe that the Enlarged Group will have an increased market presence and the Enlarged Group will be better placed to serve the GIM market. http://www.sdl.com,