Verity buys FTP Software lineup
By Tim Clark
May 28, 1997, 6:55 a.m. PT
update Verity (VRTY), which markets software for
online searches, announced today that it is acquiring
the Keyview product line of FTP Software (FTPS)
for $1.5 million cash.
As previously reported yesterday by CNET's
NEWS.COM, Verity will incorporate Keyview,
which FTP Software acquired several years ago,
into Verity's Search97 product line. It will replace
QuickView from Inso as its viewing technology.
Keyview technology lets Internet users quickly
view, compress, convert, and secure formatted files
received over the Internet through email, browser,
file transfer protocol (FTP), or Gopher. It can
handle data from word processing programs and
graphics, image, and spreadsheet files.
Verity has been developing a combination of search
and push technologies for company intranets, both
as its own product line and incorporated into other
OEM's software for searches.
Today's acquisition, expected to close in several
weeks, will be accounted for as an expense in
Verity's results for the quarter in which it is
completed.
In January, Verity acquired Cognisoft for $10
million to combine Cognisoft's IntelliServ
application server software with Verity's search
engine, joining the rush to Internet "push"
technology. |
