News
In Brief: Yahoo! snags Inktomi, Progress closes eXcelon deal and more
- By ADT Staff
- December 31, 2002
Yahoo! Inc. and Web search provider Inktomi Corp. have signed a definitive
agreement under which Yahoo! will acquire Inktomi for an aggregate cash purchase
price of about $235 million, adjusted for Inktomi's expected cash balance net of
debt, as of December 31, 2002 ... Metrowerks has signed an agreement to acquire
key assets of Linux tool maker Embedix Inc. ... NetIQ Corp. has agreed to
acquire anti-spam and enterprise content security software house Marshal
Software Ltd. of Auckland, New Zealand ... Cisco Systems Inc. has completed the
acquisition of privately held Psionic Software Inc. of Austin, Texas. Psionic
Software develops network security software designed to increase the efficiency
of intrusion detection systems (IDS) by reducing false alarms ... Progress
Software Corp. has completed its $24 million acquisition of eXcelon Corp., which
is designed to strengthen the technology offered by the Progress Sonic Software
unit ... The non-profit Charles Babbage Foundation has appointed Luanne Johnson
as the organization's first full-time president. A 35-year industry veteran,
Johnson comes to the Foundation from the Software History Center, which she
co-founded with Burton Grad in 2000 ... Portfolio management software maker
Pacific Edge Software has added Borland President and CEO Dale Fuller to its
board of directors ... Mercator Software Inc. said it has received final
approval from the federal district court of an agreement to settle the
consolidated stockholder litigation initially filed against the company in
August 2000.