Engage Technologies, Inc. announced it has signed a definitive agreement to acquire AdKnowledge Inc, in an all stock transaction valued at approximately $193 million. By integrating Engage’s profile based targeting, AdKnowledge customers will be able to target and analyze campaigns based on profiles of their target audience. AdKnowledge has become a widely used source for marketers targeting online advertising. To date, nearly all such targeting has been based on content specific ad buying. With Engage, AdKnowledge will be able to broaden its offering to include profile based targeting to its customers. Under the terms of the merger and contribution agreement, CMGI will initially acquire control of AdKnowledge through the issuance of approximately $170 million of CMGI common stock, followed by a contribution of AdKnowledge shares held by CMGI and AdKnowledge shareholders to Engage in exchange for approximately $193 million of Engage common stock. The transaction, which will be accounted for as a purchase, is subject to certain conditions, regulatory approval and the shareholder approval of Engage and AdKnowledge. AdKnowledge, which recently filed its S-1 with the SEC, is privately held and will become a wholly-owned subsidiary of Engage. The transaction is expected to be completed in late 1999 or early 2000. www.adknowledge.com, www.engage.com, www.cmgi.com.
Category: Content technology news (Page 578 of 637)
Curated information technology news for content technology, computing, and digital experience professionals. News items are edited to remove hype, unhelpful jargon, iffy statements, and quotes, to create a short summary — mostly limited to 200 words — of the important facts with a link back to a useful source for more information. News items are published using the date of the original source here and in our weekly email newsletter.
We focus on product news, but also include selected company news such as mergers and acquisitions and meaningful partnerships. All news items are edited by one of our analysts under the NewsShark byline. See our Editorial Policy.
Note that we also publish news on X/Twitter. Follow us @gilbane
Document Technologies, Inc. (dTech) announced that Todd K. Andersen has joined the company as President and Chief Operating Officer. Mr. Andersen began his career as a Marketing Manager with General Mills, then spent over 5 years as a Management Consultant with McKinsey & Company. Most recently, he spent 2 years as the CEO of Oriental Emporium Ltd. in Singapore. Todd will take over the daily management of the company to allow the current President, Scott A. Theis, to focus on continuing technology development. Mr. Theis will take the title of Chairman and Charles D. Weeden will move from Chairman to Vice Chairman. www.dtech-net.com
XMLSolutions Corporation announced the availability of XMLZip for the Windows NT and Linux operating systems. XMLZip provides a compression tool for use with XML documents. XMLSolutions developed XMLZip to provide an efficient solution for handling large XML files. These large XML files use a disproportionate amount of transmission time over the Internet as well as large amounts of storage on both the server and client equipment. XMLZip reduces the size of XML files without adding undo-processing time to access portions of the files. XMLZip’s compression technique allows users to determine the level at which they want to compress XML files, thus allowing continued utilization of the DOM API without performance degradation. XMLZip is currently offered at no cost to the public. XMLZip supports the Windows NT and Linux platforms and will support UNIX in the near future. To download the latest release,please visit www.xmlzip.com, www.xmls.com
Akamai Technologies announced the development of a protocol that facilitates communications between caches and Akamai’s global network of servers. In separate announcements, the Company also released that leading cache vendors are implementing the new protocol. The added functionality will be derived by the development of a new standard for communications called the Cache Interface Protocol. The development of this protocol will enable caches to report on their performance – such as the number of hits served – to Web site owners through Akamai’s content delivery services. This development will expand the level of functionality in the caching market for the benefit of both ISPs and Web site owners. Akamai will make the protocol available to third parties at no cost. Caching and Internet content delivery are separate and complementary products. Caches are hardware and/or software systems sold to ISPs and enterprises for the purpose of reducing bandwidth expense and improving Internet performance. Akamai’s FreeFlow service is sold to major Web sites to improve speed and reliability, and is built upon a global network of servers deployed at ISPs’ points-of-presence (POPs) and data centers. Today, many ISPs which have installed caches also have Akamai’s servers located alongside them. Whenever Internet users request popular content from Akamai’s Web site customers, these ISPs’ caches transparently retrieve it from Akamai servers, even when it is marked uncacheable, ensuring that only fresh content is delivered. www.akamai.com
InterTech announced it is now a software and application service provider for electronic document management and workflow solutions that enable document-centric commerce over the web. InterTech offers enterprise and departmental document management solutions along with extranet trading partner solutions that can be deployed onsite or outsourced depending on individual client needs. www.intertech.com
Verity, Inc. announced the promotion of Anthony J. Bettencourt III to president and his election to its Board of Directors. Bettencourt joined Verity two years ago, and has served as Verity’s senior vice president, worldwide sales and product marketing for the past eighteen months. With nineteen years of high-tech sales and marketing experience, Bettencourt will now be responsible for all of Verity’s sales, marketing, professional services and product development activities. Bettencourt will continue to report directly to Gary J. Sbona, Verity’s chairman and CEO. Verity also announced the promotion of Joseph J. Lawless to the position of vice president, North America and Rest of World Sales. Lawless joined Verity in July 1996, and most recently served as vice president, Eastern Sales Region. www.verity.com
Webridge, Inc. announced the signing of a technology alliance agreement with AGENCY.COM. The alliance will allow Webridge’s Express applications for e-commerce, partner relationship management and knowledge portals to be offered to AGENCY.COM clients. In addition to recommending and deploying Webridge solutions for clients, AGENCY.COM has launched its corporate knowledge management portal built on Webridge’s Express Framework. The intranet site, which is the central repository for the storage and retrieval of AGENCY.COM knowledge assets, is based upon the concept of “rooms,” which are information portals centered around well-defined topics or classifications. Rooms will provide the foundation for organizing all of the Intranet content and for creating communities of people who share information, common interests, and needs with one another. www.agency.com, www.webridge.com
Tumbleweed Communications Corp. announced IME Developer, a product that enables enterprise developers and systems integrators to create customized, integrated, secure communications applications that run on the Tumbleweed Integrated Messaging Exchange (IME) platform. In addition, the company announced the Tumbleweed Developer Program, created to certify and provide support for developers who build and deploy secure communications applications in enterprises. Developers can use IME Developer to integrate secure communications applications with legacy data and systems, to customize the look and feel of those applications, and to develop new features and functions to run on the Tumbleweed IME platform. Tumbleweed IME is a software and services solution that leverages existing e-mail systems and networks to create a new e-business communication channel. With IME Developer as a resource, developers can rapidly create online applications optimized for e-business. www.tumbleweed.com
Subscribe to the Gilbane Advisor
