[2] Calico Acquires ConnectInc.com.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Nov. 19, 1999-- Companies Join Forces to Power Digital Marketplaces with Sell-Side e-Commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. Solutions; New e-Commerce Functionality Broadens Calico eSales Offering Calico Commerce Inc., (Nasdaq:CLIC CLIC Centre Local d'Information et de Coordination (French) CLiC Climate and Cryosphere (World Climate Research Programme project, Norway) CLIC Compact Linear Collider CLIC Connecticut Licensing Information Center ) today announced that it has reached a definitive agreement to acquire ConnectInc.com (Nasdaq:CNKT), a leading provider of technology and services that dynamically connect buying and selling companies via the Internet. With today's acquisition, Calico strengthens the sell-side functionality of its eSales electronic commerce suite by adding new technology that will better serve the needs of eBusiness leaders in the Global 2000, while expanding its reach to the thousands of Net Market Maker companies that are building digital marketplaces. Calico's customer-focused electronic commerce solution, Calico eSales, is broadened by the addition of product catalog catalog, descriptive list, on cards or in a book, of the contents of a library. Assurbanipal's library at Nineveh was cataloged on shelves of slate. The first known subject catalog was compiled by Callimachus at the Alexandrian Library in the 3d cent. B.C. , order management and business-to-business e-commerce process automation capabilities from ConnectInc.com. This technology is key to Calico's strategy for providing best-of-breed e-commerce applications for companies that sell complex products over the web. "This acquisition is an important step in Calico's strategy to provide complete e-commerce solutions to our customers and expand our offerings to the "dotcom" Net Market Makers that will dominate the electronic commerce landscape in the years to come," said Alan Naumann, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Calico Commerce. "ConnectInc.com has successfully enabled a variety of innovators innovators people who will try new things. early innovators important figures in the farming or client community because they are the leaders in the introduction of new techniques and management systems. to establish early leadership in high-growth business-to-business e-commerce vertical segments with its technology. By integrating MarketStream within Calico eSales, we are well positioned to serve the most important growth segments of the business-to-business e-commerce market," said Naumann. Craig Norris Craig Norris is a Canadian rock singer and radio personality. He is the lead singer for The Kramdens, and is also a host on CBC Radio 3, including the network's weekly record chart show The R3-30. External links
About the Transaction The agreement is structured as a stock for stock merger and will be accounted for as a purchase transaction. Calico will issue approximately 1.2 million shares, at the rate of .081 per share of its stock for each share of ConnectInc.com, for a total consideration of approximately $90 million at current prices. The parties expect that the transaction will close in calendar Q1, 2000 after obtaining shareholder and various regulatory approvals. About eSales Calico eSales is an integrated suite of applications that enables companies to sell complex products over the web and turbo-charge their existing channels. Calico eSales unifies marketing content and product data to guide buyers through a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. purchasing process Purchasing Purchasing is the formal process of buying goods and services. The Purchasing Process can vary from one organization to another but there are some key elements that are common throughout The process usually starts with a 'Demand' or requirements based on their unique profiles. Calico eSales extends beyond the buying process to engage customers after the sale in an ongoing dialogue based on their expressed and implied needs. Unlike sell-side solutions designed to provide self-service buying of low-priced or standard products, Calico eSales drives big-ticket and custom product sales over the web direct to customers or through existing channels. Calico customers realize dramatic economic benefits from eSales deployments, while achieving significant competitive advantage and improved customer satisfaction. Calico has gained substantial experience providing e-commerce solutions to global leaders such as Dell, Gateway, Kodak, Nortel and Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. . About MarketStream ConnectInc.com's MarketStream 2.0 is a Java-based solution designed for business-to-business electronic commerce. Using MarketStream, companies are able to build direct, hub and exchange-based digital markets. MarketStream integrates all of the core elements required to construct "many-to-many" digital marketplaces including product catalog, order management and business-to-business e-commerce process functionality. MarketStream provides unique features to support the needs of buyers, sellers, market makers and the variety of roles found in business-to-business settings, such as approvers. MarketStream supports a wide range of e-commerce process rules related to contracts, pricing policy, approval processing, order management and a variety of others. By using its MarketStream 2.0 e-commerce application software, ConnectInc.com has enabled such companies as Home Depot's Maintenance Warehouse, GrowZone, HomePortfolio NextMonet, and Promedix to build leading edge digital market places. Calico and ConnectInc.com also signed an OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and agreement where Calico will resell re·sell tr.v. re·sold , re·sell·ing, re·sells 1. To sell again. 2. To sell (a product or service) to the public or to an end user, especially as an authorized dealer. MarketStream 2.0 as an integrated part of the Calico eSales Suite. Calico will market ConnectInc.com products under the name "eSales Market Maker". The product will be integrated into the Calico eSales Suite of applications and will ship in December, 1999. About Calico Commerce, Inc. Calico Commerce, Inc., headquartered in San Jose, Calif. and with offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe, is a provider of software and services that enable customers to engage in e-commerce by selling complex products and services over the Internet. Calico eSales is a personalized Web-based buying and selling solution that enables customers to create a unique process to interact with their customers to improve selling effectiveness and customer satisfaction. Calico eSales can be deployed across the Internet, intranets, extranets and corporate networks and can be accessed through desktop and mobile computers and retail kiosks. Calico Commerce, Inc. can be found on the World Wide Web at http://www.calico.com About ConnectInc.com ConnectInc.com is a leading provider of technology and services that dynamically connect buying and selling companies via the Internet. By using its "MarketStream" e-commerce application software, "URLe2Market.com" (early to market) practice for launching and hosting early stage dotcom startups, and "Your MarketStream" OEM branded version of MarketStream, ConnectInc.com enables companies to build open, e-business platforms to compete more effectively in the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. . For more information, access the ConnectInc.com World Wide Web site at http://www.connectinc.com This release may contain projections or other forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. regarding future events or the future financial performance of Calico and ConnectInc.com that involve risks and uncertainties. Readers are cautioned that these statements are only predictions and may differ materially from actual future events or results. The forward-looking statements in this release address a variety of subjects including, for example, the expected closing date and the potential benefits of the merger. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the inability of Calico and ConnectInc.com to integrate their businesses successfully; the failure to realize the synergies and other perceived advantages resulting from the merger; costs and potential litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. associated with the merger; the failure to obtain the approval of ConnectInc.com's stockholders; the inability to obtain, or meet conditions imposed for, applicable regulatory and tax requirements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the merger; the ability to retain key personnel both before and after the merger; and increased competition and technological changes in the industries in which Calico and ConnectInc.com compete. For a detailed discussion of these and other cautionary statements, please refer to Calico's and ConnectInc.com's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. of ConnectInc.com for the year ended December 31, 1998 and their respective Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. for the quarter ended September 30, 1999. |
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