E-Business Brief: Ascential buys Vality
[MARCH 13, 2002] - Ascential Software Corp., formerly Ardent Software, said it has entered into a definitive agreement to acquire privately held Vality Technology Inc., Boston, in a cash transaction valued at approximately $92 million. Vality specializes in data quality engineering. With 2001 revenue set at $21.2 million, Vality currently has more than 500 customers primarily in financial services, healthcare, manufacturing, telecommunications, retail and government markets. Vality customers include Bristol-Myers Squibb, Cingular Wireless, CMP, John Deere, Marks & Spencer and Motorola.