Toronto, Canada, October 16, 2000 Delano Technology Corporation, a provider of interaction-based e-business solutions for the enterprise, announced it has acquired Kansas-based Digital Archaeology Corporation, a provider of advanced analytics for e-business, in a deal valued at US$87 million based on Delano's closing share price on October 13, 2000. The acquisition enables Delano to bring to market a single solution that tightly integrates Digital Archaeology's analytical products with Delano's industry leading e-business platform and electronic customer relationship management (e- CRM) applications, providing enterprises with a one-stop-shopping opportunity for intelligently managing interactions across the enterprise with customers, partners, suppliers and employees.
"This acquisition is a result of Delano's aggressive strategy to broaden our product footprint and provide intelligence to the interactions our products enable, placing us even further ahead of our competitors in the market for customer and extended enterprise communications," said John Foresi, president and CEO of Delano. "Essentially, what we will be able to accomplish through this transaction is the seamless and very rapid integration of two robust technology platforms-Delano's collaborative interaction platform and Digital Archaeology's analytics platform-as well as the packaged operational and analytic applications from both companies. The compatibility of the two underlying technologies represent significant opportunities, not just for Delano and Digital Archeology, but also for our customers who now have access to a single, comprehensive solution that sets them apart from their competitors."
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