Symphony Technology Group to buy Hummingbird

Symphony Technology Group has announced a definitive agreement to acquire Hummingbird in an all-cash transaction valued at $26.75 per share, or approximately $465 million.

In other Hummingbird news, its subsidiary RedDot has introduced Content Management Server (CMS) 7.0 and LiveServer 2.5. RedDot reports CMS and LiveServer allow business users to manage, edit, share, reuse and control the delivery of content to targeted audiences through corporate Web sites, intranets and extranets. The new version of RedDot CMS was developed on the .Net framework and provides customers with greater site management functionality. RedDot CMS 7.0 now features:

• an advanced archiving function--site managers can purge content from their Web sites, portals, extranets and intranets while complying with laws and guidelines on data storage; and
• analysis tools--enable users to instantly generate reports demonstrating how individual assets are being used throughout the Web site.

LiveServer 2.5 now offers secure access and contextual delivery of content from legacy enterprise content management (ECM) systems.

RedDot says CMS 7.0 with LiveServer 2.5's content delivery platform is the first personalization and integration platform offered specifically for the midmarket.