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Content Management Acquires Vertical Knowhow
2001-07-22 admin
Strategic move expands IntraNet Solutions' reach in vertical markets
23 July 2001, 4 pm GMT
IntraNet Solutions, a provider of Web content management solutions, has acquired select assets of RESoft, a wholly-owned subsidiary of Stonehaven Realty Trust and a leading provider of end-to-end content management solutions for the real estate and legal industries, for 200,000 shares of IntraNet Solutions common stock valued at approximately $5.5 million.
IntraNet Solutions will integrate RESoft's SmartCabinet content management product, which is built on IntraNet Solutions' Xpedio Content Management system and designed for vertical markets such as real estate and legal, into its own product line.
This move will strengthen IntraNet Solutions' position in these verticals and also enable the company to utilize SmartCabinet's specialized functionalities for other key vertical markets, such as financial services and insurance.
Since October 2000, RESoft has used the Xpedio Content Management system as the foundation of its content management software.
The first integrated product with RESoft technology is scheduled for the third quarter ending December 31, 2001 of its fiscal year 2002.
www.intranetsolutions.com
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