Vitria, an integration server provider, is acquiring XMLSolutions Corp., a developer of extensible mark-up language applications. The total purchase price will be approximately $15 million, of which $7 million will be paid at the closing in cash to preferred shareholders and the remaining $8 million will be used to retire XML Solution’s short-term debt and other liabilities.
“The acquisition will add approximately $4.5 million in expense to our second fiscal quarter and approximately $3.5 million per quarter thereafter,” said Paul Auvil, Vitria’s chief financial officer. According to AMR Research, a Boston- based e-business research firm, the merger is good for both companies. “For a relatively modest sum, Vitra adds XML translators to its bag of integration products,” AMR says. For more information, please visit www.vitria.com.
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