Macromedia, Inc. announced a definitive agreement under which Macromedia will acquire Elemental Software for $24 million in a stock for stock transaction. Elemental’s products Drumbeat 2000 and eStore Builder combined with Macromedia’s products like Dreamweaver and Generator, will enable Web developers to create dynamic Web sites for e-commerce, corporate intranets and personalized content. The addition of the Elemental products to Macromedia’s Web publishing product family provides a standards-based end-to-end solution of software for efficiently creating, producing and maintaining dynamic Web sites that automate the process of linking database information to Web applications with reusable code. In the transaction, Macromedia will exchange approximately 625,000 shares of its stock for all of the outstanding equity of Elemental, for a total purchase price of approximately $24 million. The transaction will be accounted for as a pooling of interests, and is expected to close within 45 days, subject to satisfaction of customary closing conditions and regulatory approvals. Macromedia expects to take a one-time charge of approximately $3.0 million for expenses related to the acquisition in the current quarter. www.macromedia.com
Category: Content technology news (Page 598 of 638)
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.
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IntraNet Solutions, Inc., announced that the underwriters of its public offering have exercised their option to acquire an additional 552,000 shares of its common stock, including 484,500 shares sold by the Company and 67,500 shares sold by selling shareholders, at a price of $8.00 per share to the public. The managers of the offering were Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and U.S. Bancorp Piper Jaffray, Inc. The Company plans to use the net proceeds of the offering for working capital and general corporate purposes. www.intranetsol.com
Plumtree Software announced it has shipped a new release of the Plumtree Corporate Portal. Enhancements include: A new Active Portal architecture for embedding third-party corporate tools and Internet services in the portal using modular components called Plumtree Portal Gadgets; Self-service personalization, for empowering users to choose the corporate content and services that they use every day for inclusion in a single portal page; Multi-server enterprise scalability, with support for more than 100,000 users; Web administration, with a sophisticated submission and approval process for enabling a wide range of users to contribute to the portal in a controlled way; and Security for the extranet and Internet, with complete access control for all portal contents, including search results. Pricing for the Plumtree Corporate Portal 3.0 begins at $100,000. The Plumtree Corporate Portal is available immediately. www.plumtree.com
Verity, Inc. announced it has filed a registration statement in connection with a proposed underwritten public offering of 1,775,000 shares of its Common Stock, plus an over-allotment option of 266,250 shares. 1,500,000 of the shares (plus the shares in the over-allotment option) are being offered by Verity in a new financing, and 275,000 of the shares are being offered by certain stockholders. SG Cowen Securities Corporation, Banc of America Securities LLC, Dain Rauscher Wessels, a division of Dain Rauscher Incorporated, and SoundView Technology Group, Inc. are the underwriters of the offering. A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State. www.verity.com
OASIS, the Organization for the Advancement of Structured Information Standards, announced the restructuring of its membership requirements, widely expanding access to its XML interoperability technical work. The non-profit consortium, which was previously open only to companies who use or provide products or services based on structured information standards such as XML, SGML and CGM, added new membership categories for individuals and associate XML industry groups. Interested parties may apply for membership online at www.oasis-open.org. OASIS membership levels now include Sponsors, Contributors, Individuals and Associates. Organizations participate in OASIS as either Sponsors or Contributors, based on the level of benefits they wish to receive. Sponsors, who take advantage of comprehensive technical and marketing benefits, support the consortium for 9500 USD annually. Contributors, who also benefit from OASIS marketing and technical work, pay 5000 USD (companies with ten or more employees) or 2500 USD (companies with fewer than ten employees). The new Individual Membership, at 250 USD per year, is offered to those who wish to participate in OASIS technical activities. Like all members, Individuals have the right to attend all OASIS general meetings, and they can fully participate in all working groups. At this level, membership is on an individual basis and is not transferable to other individuals. OASIS supports the development of XML specifications by offering an Associate Membership to individuals representing application or industry standards bodies. Associates, who pay 250 USD annually, are individuals appointed by an industry consortium or standards body (recognized as such by the OASIS Board of Directors) to represent the interests of that body in OASIS. Representatives enjoy the same rights and level of service as Individuals; the difference is that representation is transferable between individuals if the designated contact person for the represented organization gives notice. This allows continuity of participation by an organization even when it is necessary to change designated representatives. www.oasis-open.org
Webb Interactive Services, Inc. announced a technology partnership with Switchboard, Inc., focused on bringing Webb’s XML-based community publishing and commerce platform to Switchboard’s network of merchants, users and distribution partners. Switchboard, Inc., a majority-held subsidiary of Banyan Worldwide is a leading Internet directory that represents thousands of merchants nationwide. Webb’s XML-based Internet publishing and advertising platform will strengthen online business/consumer interaction in areas such as offer management and comparison-shopping. This will allow consumers to easily find merchants who best fit their needs, and merchants will be able to interact with targeted consumers more effectively. Switchboard will integrate Webb’s technology into its merchant services on Switchboard.com and through its distribution network. No financial terms of the partnership were disclosed. The partnership with Switchboard is the first deployment of Webb’s e-commerce platform using XML. www.webb.net
Interleaf announced the establishment of “the e-content company. ” Recognized as a separate business segment, the e-content company is dedicated to the development of XML-based content management solutions for e-business applications. The e-content company develops and delivers BladeRunner, the division’s solution that provides end-to-end content management solution for e-business applications. BladeRunner enables companies to create, manage, and publish e-content – targeted, timely, personalized, intelligent business information – for web-enabled applications using XML as its technology backbone and Microsoft Word for content creation. Companies are able to apply intelligence, structure and style to their business information, generate output in a variety of formats, and dynamically integrate that information with other electronic and business processes in support of their e-business initiatives. BladeRunner enables organizations to leverage information content and facilitate business transactions through the information chain, connecting companies with their customers, suppliers and distributors. In addition to the establishment of the new business segment, the e-content company will launch their own website, www.xmlecontent.com when it goes live on July 12, 1999. www.interleaf.com
OASIS announced that in response to recent announcements including the XML.org industry portal, record numbers of XML users and vendors have joined OASIS, the Organization for the Advancement of Structured Information Standards. In this, its sixth year since being founded as SGML Open, OASIS has seen membership increase 300 percent. New OASIS Sponsor members include Documentum, Interwoven, Microsoft, Object Design, Reuters, and Wavo. IBM, NIST and Synthbank have upgraded their previous membership to Sponsor-level status. Also joining OASIS as Contributor members are Bluestone Software, CourseNet Systems, Extensibility, GE Information Services, Hynet, iMediation, Novell, ProcureNet and Sequoia Software. www.oasis-open.org
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