Fremont, Calif., Sept. 15, 1999 - Accrue Software, Inc. announced that it has signed a definitive agreement to merge with Marketwave Corporation, a privately held company that develops the Hit List family of scalable solutions for analyzing Web traffic on Internet and intranet sites. Upon closing of the transaction, Marketwave will become a wholly owned subsidiary of Accrue Software. The closing of the deal is expected to occur on, or prior to, September 30, 1999.
The combined company will have more than 300 enterprise-class customers. The merger also expands the platform and database options from which customers can choose to include Microsoft Widows NT and Sun Solaris operating systems with SQL Server, DB2, Informix/Redbrick or Oracle databases.
"Accrue's Insight is the e-business analysis leader in the Solaris world, and Marketwave's Hit List is the leader in the Windows NT world," said Steve Podradchik, founder and CEO of Marketwave, who will take a seat on Accrue's board of directors. "Combined, the two companies create a very strong unified force in the market, being the leading vendor of Web site analysis solutions."
For more information, visit www.accrue.com.
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