Author: NewsShark (Page 750 of 750)

Adobe Systems Inc. has acquired the assets of GoLive Systems Inc., a privately-held company whose products include the GoLive CyberStudio professional Web publishing software. The acquisition gives Adobe a professional Web publishing platform to market alongside its graphics and imaging software. The acquisition also brings a number of high-profile clients, such as Aware Records, Music Boulevard, Cartoon Network, Warner Bros. Records, The Associated Press, NuSkin, MTV Networks, Virgin Records, The Chicago Tribune, Apple Computer and Iomega Corporation. www.adobe.com

Dataware Technologies, Inc. today announced that it has purchased the assets and assumed selected liabilities of Sovereign Hill Software, Inc. The total estimated transaction cost of approximately $4.0 million is currently anticipated to result in a one-time write-off of in-process research and development of between $2.0 to $3.0 million in the quarter ended December 31, 1998. The purchase price included 200,000 shares of Dataware Common Stock and warrants to purchase 40,000 additional shares of Dataware Common Stock priced at $6.00 per share. Although year-end results are not complete, Dataware currently estimates that earnings per share for the fourth quarter of 1998, prior to one- time charges, will be in line with analysts’ estimates. Final fourth quarter and year-end 1998 results will be announced on February 11, 1999. David Mahoney, Sovereign Hill’s current CEO, will join Dataware as president and CEO. Kurt Mueller will remain on the Dataware board of directors as chairman. www.dataware.com