Category: Content technology news (Page 443 of 637)

divine and Open Market announced that they have signed a definitive agreement for divine’s acquisition of Open Market in a stock-for-stock merger. Open Market’s technology will provide an environment for deploying applications that address a range of information-rich e-business initiatives such as portals, marketing campaigns, B2B catalogs, and publications. Under the terms of the merger agreement, divine will acquire all of the outstanding shares of Open Market common and preferred stock in exchange for approximately 44,285,000 shares of divine Class A common stock. Based upon divine’s closing price on August 14, 2001, the transaction would have an aggregate value of approximately $59.3 million. Open Market stockholders are expected to receive between approximately 0.8230 and 0.8598 shares of divine Class A common stock in exchange for each share of Open Market common stock. The Board of Directors of each company has approved the transaction and recommended it to their respective stockholders. The transaction is expected to close during the fourth quarter of 2001. divine and Open Market also signed a reseller agreement that enables the divine sales force to immediately begin selling Open Market products. www.divine.com, www.openmarket.com

IntraNet Solutions, Inc. announced that it will change its name to Stellent, Inc., effective August 29, 2001. The company’s ticker symbol will change to Nasdaq: STEL. The name “Stellent” is derived from a combination of word parts: “Stell” comes from the word “stellar” meaning of the stars, and “ent” is derived from the words “excellent” and “intelligent.” “Stars” and “stellar” have several connotations such as intelligence, superiority and enlightenment. They are associated with navigation and discovery, conveying themes of leadership, cutting edge innovation and choosing the right path. With only two syllables, the name “Stellent” speaks very quickly, suggesting rapid deployment, which is representative of the company’s Xpedio Content Management system. IntraNet Solutions’ Information Exchange Division (IED), which is responsible for the company’s wireless, conversion and viewing technology, will become the Stellent Software Components Division (SCD) beginning August 29. IntraNet Solutions’ Web site address will also change to www.stellent.com, and the company will launch a new logo. www.intranetsolutions.com

FileNET Corp. announced the availability of Panagon Content Services version 5.2, a cornerstone of the Panagon ECM offering and part of FileNET’s broader ECM initiative. The latest version supports the Windows 2000 cluster environment. As a result, Panagon Content Services 5.2 enables companies to optimize the availability of business-critical content. With its Web-based system administration tools, the solution can be managed from any Internet-enabled workstation. With this capability, remote administrative staff can complete essential tasks such as adding and maintaining users and groups; adding, selecting and deleting storage categories, customer properties and objects; and starting and stopping library services. Another benefit of this release is its ability to utilize an RDBMS running on an existing central server that supports other business applications. By leveraging resources in this way, hardware and software investments can be better utilized. Panagon Content Services 5.2 is available immediately from FileNET and its ValueNET Partners. www.FileNET.com

The World Wide Web Consortium (W3C) released the SMIL (Synchronized Multimedia Integration Language) 2.0 specification as a W3C Recommendation, representing cross-industry agreement on an XML-based language that allows authors to write interactive multimedia presentations. Web authors are in search of ways to deliver rich content, including video, audio, and text, and to synchronize those components as they see fit. It’s no longer simply television on the Web that end users are seeking; people are looking for information and experiences that take full advantage of the Web’s technical capabilities – interoperability, flexibility, device choice, and searchability. With SMIL 2.0, producing reusable audio-visual presentations is easy; as SMIL 2.0 is an XML application, one may use a simple text editor to create engaging multimedia experiences for the Web. SMIL allows the author to incorporate a wide range of data (audio, video, or text), which may be locally or remotely stored. SMIL 2.0 has been produced as a set of modules which, individually or in combinations, may meet the needs of a Web author, and build on the guiding principles of interoperability at the core of W3C work. In addition to full incorporation of the successful SMIL 1.0 features, SMIL 2.0 Modules provide functionalities including animation; content control; layout; linking; media objects; metainformation; structure; timing and synchronization; time manipulations; and transition effects. This gives authors the ability to create sophisticated animation, event-based interaction with a presentation, and graceful transition effects based on nearly 100 predefined options. Because a SMIL presentation is written as a text file, it can include metadata components, which make a SMIL presentation searchable. www.w3.org/

Documentum announced that its 4i Web Content Management (WCM) Edition Rapid Deploy is now available for $75k through September 30, 2001. This package, as its name implies, is specifically designed to facilitate rapid implementation and deployment with a pre-defined set of products, integrations, training and maintenance all bundled at a single price. This content management solution shortens time to Web for critical content, enables more effective selling and lowers site management costs. Documentum WCM Rapid Deploy uses the same content management engine that drives the Documentum WCM Edition Global Deploy packages. This promotional discount is a competitive value aimed at offering companies some relief from the pressure placed on IT budgets during this economic squeeze. www.documentum.com

Corel Corporation and SoftQuad Software, Ltd. announced that they have signed a definitive agreement whereby Corel will acquire SoftQuad in a stock-for-stock transaction to be accounted for as a purchase transaction. This acquisition will enable Corel to enrich the existing XML capabilities within its WordPerfect product line. The company does not expect any significant negative impact on cash flow as a result of this acquisition. Over the next several weeks, Corel and SoftQuad will work together on a comprehensive plan outlining how best to integrate the two companies. Following the closing of the deal, expected in the fourth quarter of Corel’s fiscal 2001, the companies will announce further details related to the integration plan. The transaction will be a stock-for-stock transaction. Each common share, or equivalent, of SoftQuad will be exchanged for .4152 of a Corel common share on closing, being the ratio of $1.50 to $3.6129. The $1.50 value for each SoftQuad share equals an approximate 34 per cent premium over the closing price of SoftQuad on August 6, 2001. The $3.6129 value for Corel common shares represents the prior 10 day volume weighted average share price of Corel common stock. At current values, Corel would issue approximately 9.85 million shares if all in-the-money options and warrants of SoftQuad are exercised prior to closing. All figures are expressed in US currency. www.corel.com, www.softquad.com