BOSTON (05/24/2000) - Looking to expand its customer base and rapidly move into the business-to-business e-commerce market, software maker Vignette Corp. in Austin, Texas, plans to acquire San Ramon, California-based OnDisplay Inc. in a $1.7 billion stock-swap deal, the companies said Monday.
According to the companies, Vignette will integrate OnDisplay's XML-based infrastructure products into its new V/5 e-business platform. XML is a content-tagging scheme designed to make it easier for organizations to share data.
The combination of OnDisplay's XML technology with Vignette's business-to-business offerings will allow companies to more effectively coordinate their business operations and exchange critical business information with customers and suppliers, the companies said.
In a similar announcement Monday, WebMethods Inc. in Fairfax, Virginia, a maker of business-to-business e-commerce software, said it would buy Santa Clara, California-based Active Software Inc., a developer of XML-based e-business infrastructure software.