Interwoven Acquires Optimost for $52 million
17th Oct 2007
Interwoven, Inc. a global leader in content management solutions, today announced that it has entered into a definitive agreement to acquire Optimost, a pioneer of software and services for Website optimization.
Optimost's innovative solution - delivered via a software-as-a-service model - helps companies with one of their biggest challenges: creating a compelling, engaging, and relevant online experience that delivers measurable business results. Interwoven's acquisition of Optimost will strengthen Interwoven's offerings by adding real-time multivariable testing and Website optimization to its portfolio and enhances Interwoven's recently announced capabilities for delivering targeted content to Website visitors.
Under the terms of the agreement between Optimost and Interwoven, Interwoven will pay approximately $52 million in cash for all outstanding shares of Optimost and assume certain existing employee stock options.
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