TopicalNet Acquires WEGO Systems, Inc.; Acquisition Enables TopicalNet to Provide Full Business Content Solution.Business/Technology Editors WOBURN, Mass.--(BUSINESS WIRE)--June 12, 2002 TopicalNet, Inc., a leader in automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. content classification technology for business to business applications, has agreed to purchase substantially all of the assets of WEGO WEGO Wide-Band Exhaust Gas Oxygen Sensor Interface Systems, Inc. of Redwood City Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif. The deal combines TopicalNet's unique ability to gather, understand and classify clas·si·fy tr.v. clas·si·fied, clas·si·fy·ing, clas·si·fies 1. To arrange or organize according to class or category. 2. To designate (a document, for example) as confidential, secret, or top secret. electronic content with WEGO Systems' world-class portal development solution. Financial terms of the acquisition were not disclosed. "With the acquisition of WEGO and its portal development technology, TopicalNet can provide a complete, pre-integrated solution for content management and delivery," said TopicalNet 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. Ray Kingman. "WEGO's portal framework and built-in communication and collaboration applications provide us with the final components of our content management/delivery suite. This portal framework will work with our Search, Classification, Content Management and Analytics technologies to enable our customers to handle their content from creation through delivery." WEGO Systems' flagship ReadyPortal(TM) is a next generation web platform that enables enterprises to develop and manage world-class online destinations in a fraction of the cost, time and complexity of traditional approaches. WEGO Systems clients include Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , Procter & Gamble and dozens of other major organizations in the corporate, media, government and non-profit sectors The nonprofit sector, also called the third sector, civic sector or voluntary sector, is a third area of an economy, distinct from the public sector and the private sector. It is made up of all of the non-profit organizations in the economy. . "Companies need a better way to manage and distribute their information," said Anjai Gandhi, VP of Marketing at WEGO Systems. "Combining our content delivery and collaboration solution with TopicalNet's ability to organize and manage massive amounts of information will offer companies a one-stop-shop to resolve their content problems." WEGO Systems will be based at TopicalNet's San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden offices, also home to the I/PRO web analytics and audit division. About TopicalNet, Inc. TopicalNet, Inc.'s patented classification technology provides businesses with the solution to classify their massive amounts of electronically stored data into easily accessible "topics." TopicalNet's automated and scalable software accurately classifies pages on the Internet, within corporate Intranets and Extranets, and within online advertising networks. By providing a roadmap of the content, TopicalNet allows its customers to better manage, disseminate dis·sem·i·nate v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates v.tr. 1. To scatter widely, as in sowing seed. 2. and utilize their assets, thereby improving user satisfaction and increasing revenues. TopicalNet will be the standard in classification systems for content management and contextual commerce by delivering the right information to the right person at the right time. For more information about TopicalNet, visit www.TopicalNet.com or contact TopicalNet at 781-932-8400, extension 400, or send e-mail to press@TopicalNet.com. TopicalNet is a trademark and service mark of TopicalNet, Inc. TopicalNet, Inc. has applied for registration of TopicalNet before the U.S. Patent and Trademark Office. All other products and services mentioned may be trademarks or service marks of their respective owners. |
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