Saturday, February 07, 2004

CRN : Breaking News : Corel Sells XMetal, Exits Web Services Tool Market : 3:40 PM EST Fri., Feb. 06, 2004

CRN : Breaking News : Corel Sells XMetal, Exits Web Services Tool Market : 3:40 PM EST Fri., Feb. 06, 2004 "Corel Corp. on Thursday exited the web services tool market with the announcement that it has sold its XMetal division to consulting company Blast Radius.
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Terms of the deal, which is expected to be completed in several days, were not released. Both companies are privately held.
XMetal, which Corel acquired in 2001 with the purchase of SoftQuad Software, is an authoring tool that uses extensible markup language to define data elements on a Web page and create business-to-business documents. XML is a key technology in web services, an umbrella term for a set of emerging specifications for building applications that can communicate over the Internet using standardized interfaces.
The need for standalone XML tools has narrowed over the last several years, as makers of full-featured integrated development environments, such as IBM, Borland, Sybase, Sun Microsystems and Microsoft, have added authoring capabilities."

A subtle sign of the times...
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