BOSTON (03/15/2000) - E.piphany Inc. today said it will buy privately held Octane Software Inc.
E.piphany makes real-time analytical applications, and Octane makes multichannel customer interaction applications and infrastructure software for sales, service and support.
Under the terms of the agreement, E.piphany will issue approximately 12.8 million shares of its common stock to Octane shareholders, according to a statement from E.piphany. Based on yesterday's closing price for E.piphany stock, the transaction would be valued at approximately US$3 billion. Today, however, E.piphany shares slid by $14.94 to $234 in late morning trading, an indication that investors think E.piphany is paying a lot for Octane.
The companies will host a conference call at noon EST, which can be accessed by calling +1-800-553-0326 within the U.S. or +1-612-332-0718 outside of the U.S., according to the companies.
E.piphany is based in San Mateo, California, and can be reached at +1-877-764-4163 or at http://www.epiphany.com/. Octane, also in San Mateo, can be reached at +1-650-295-6200 or at http://www.octane.com/.