Vignette Corp. announced the completion of its acquisition of privately held Intraspect Software Inc. Vignette is now uniquely positioned as an independent enterprise software vendor that offers organizations a unified, award-winning content management, portal and collaboration solution that incorporates business processes and delivers the most-advanced capabilities to power the enterprise Web.
Vignette also is announcing general availability of three solutions based on Intraspect technology: Vignette Business Workspaces, Vignette Strategic Account Management and Vignette Project Delivery. These new solutions were built using former Intraspect technology to help organizations improve communication and coordination across workgroups and members. Additional product integrations with Vignette Application Portal and Vignette Content Management will be available during the first quarter of 2004.
As a long-time Intraspect customer, Hill & Knowlton Inc. has reaped the benefits of a unified collaboration strategy. "As a company, we realize the value of tight integration between critical enterprise information technology applications," said Ted Graham, director of knowledge management at Hill & Knowlton. "We look forward to working with Vignette in the future to continue to drive improvement in its collaboration and other product functionality. The product vision Vignette has unveiled is compelling to Hill & Knowlton, and we are eager to explore how it can help drive increased value for our employees and clients. Hill & Knowlton believes that these technologies are helping our worldwide consultants innovate and collaborate around shared information more readily. Intraspect's unrivalled ability to deal very well with unstructured, work-in-progress content will be well matched with a company like Vignette that understands how to readily transform this content to be published in a variety of different formats."
By integrating Intraspect's leading collaboration functionality into the Vignette V7 family of products, Vignette has strengthened its product portfolio to give the company a sustainable competitive differentiation as an enterprise Web solution provider. Vignette collaboration solutions integrate seamlessly with the desktop productivity tools of today's business user, while providing all the under-the-hood scalability, security, extensibility and standards support that Web-based enterprise solutions demand.
Organizations can now purchase from a single vendor an entire enterprise Web solution with a modular architecture that allows them to complement existing infrastructure or solve pressing business problems, and have the option to easily expand a Vignette deployment with additional modules as business needs evolve.
The Vignette V7 Collaboration Services, one of the seven key services provided in Vignette V7 to power the enterprise Web, help organizations unlock the critical information stored in e-mail and siloed applications. The result is a paradigm shift that makes information accessible to all team members in a secure, time-protected manner. The significant amount of out-of-the-box functionality provided by Vignette allows organizations to focus their time and energy on improving their business, rather than on coding applications.
"As organizations continue to consolidate the list of enterprise software vendors they do business with, organizations that offer a broad and diverse product portfolio are well-positioned to succeed," said Lou Latham, analyst at Gartner Inc. "The portal is the natural place for organizations to conduct business and for workgroups to collaborate, and the integration of core information technology functionality such as collaboration, portals and content management is a plus for organizations worldwide."
Under the terms of the agreement announced September 15, 2003, Vignette paid $20 million for Intraspect, composed of $10 million in cash and approximately 4.2 million shares of Vignette stock. The Intraspect transaction is the third successful acquisition Vignette has completed in the past 13 months. In November 2002 Vignette acquired the intellectual property of Revenio Inc., which is incorporated into Vignette Dialog and in December 2002, Vignette acquired portal leader Epicentric Software.
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