In Brief: Yahoo! snags Inktomi, Progress closes eXcelon deal and more

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.


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