Sweetening the smart suite

In another move to advance its “real-time enterprise” initiative, Vignette will acquire privately held collaboration provider Intraspect. Vignette reports it will pay $20 million for Intraspect--$10 million in cash and approximately 4.2 million shares of Vignette stock. The transaction is subject to the standard approvals and closing conditions.

The Intraspect product line includes Java-based collaboration functionality and a complete collaborative applications framework so users can customize the user interface and collaboration services flow, says Vignette. Services provided by the core Intraspect platform include indexing and search, security, communications, data management and subscription notification. In addition to the core Intraspect 5 platform, Intraspect offers several packaged horizontal and vertical solutions that help customers solve more complex collaborative business process needs.

Vignette explains the Intraspect 5 platform will continue to be sold, supported and enhanced as well as offered in an integrated suite. Vignette also will quickly integrate Intraspect technology with its content management and portal solutions, enabling customers to work with a single vendor for the key technologies required to power its vision of the enterprise Web. The Intraspect acquisition will enhance the Vignette V7 software platform with a number of enterprise collaboration solutions that allow people to share knowledge and collaborate on projects.