Tuesday, September 16, 2003

Vignette to Acquire Collaboration Leader Intraspect Software, Inc.

Vignette to Acquire Collaboration Leader Intraspect Software, Inc. ""Vignette Corp. today announced that it has entered into a definitive agreement to acquire privately held Intraspect Software, Inc., a leading provider of enterprise collaboration solutions. The acquisition will bring together the acknowledged market leader in content management and portal solutions with the award-winning Intraspect technology to deliver the most advanced unified solution to power the enterprise Web. Under the terms of the agreement, Vignette will pay $20 million, comprised of $10 million in cash and approximately 4.2 million shares of Vignette stock, for Intraspect. The transaction is subject to approval from the Intraspect stockholders and customary closing conditions."
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"The combination of Vignette's content management and portal products with Intraspect's collaboration offerings will provide organizations worldwide with the industry's most advanced enterprise software foundation to increase the competitive advantage for today's leading enterprises. "More and more organizations are turning to vendors that offer integrated content management, portals and collaboration to fulfill their vision of Smart Enterprise Suite," said Gene Phifer, vice president of research at Gartner Group. "As industry consolidation continues, software vendors that can offer organizations an integrated set of best of breed applications such as content management, portals and collaboration are well positioned to meet and exceed customer demand and capture market share."

Documentum + eRoom, Interwoven + iManage, Vignette + Intraspect -- any major content/doc mgmt vendors yet to acquire a collaboration/workflow partner?
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