1st July 1996, Boston, MA - INSO Corporation, a leading provider of proofing tools, information products and information management tools world-wide has agreed to acquire Electronic Book Technologies (EBT) of Providence, Rhode Island for $39.8 million in cash.
EBT will become a subsidiary of INSO and continue to focus on manufacturing and selling EBT products. INSO expects to close the transaction in July.
Established in 1989, EBT is a leading international provider of integrated CD-ROM/web publishing solutions, including DynaText and DynaWeb, for corporate and commercial publishers. EBT recently announced a new world-wide web site management system named DynaBase, confident that DynaText customers will benefit from the merger. INSO committed to supporting EBT in advancing the DynaText series which will include revisions to DynaTag, DynaWeb, and the delivery of a client server version of DynaText webmasters.
Many of INSO's component technologies, grouped within the categories of proofing tools, information products, and information management tools, are candidates to be incorporated in point releases of DynaText 3.0.
EBT has approximately 150 employees world-wide. Mr. Reynolds, EBT's President and CEO, will be available as an advisor to INSO. Kirby A. Mansfield, INSO's Vice President of Business Development, will head the new subsidiary of INSO, which will continue to be based in Providence, Rhode Island.
INSO's address on the World-Wide Web is:
www.inso.com.
EBT's address on the World-Wide Web is:
www.ebt.com
The DynaText/Word Processing Edition is intended for use in environments where the starting point for on-line publication are documents created with word processors such as Microsoft Word, Adobe FrameMaker or Interleaf. This package contains:
If you have purchased the following options, they will be enabled with this package:
On 29th April 1996, EBT announced the Beta release of the DynaBase Web Management System at Internet World. DynaBase is a complete, easy-to-use Web management system for corporate and commercial Webmasters who require robust management, development and production tools for Web site publishing.
For further information contact:
Markus Wachsmuth
Electronic Book Technologies S.A.
World Trade Center, PO Box 250
CH-1215 Geneva 15, Switzerland
Tel: +41 22 788 6550
Fax: +41 22 788 6551
Web: http://www.ebt.com
Email: mlw@ebt.com
Contact Robin Cover with corrections and updates, or to submit contributions to the ISUG online document database.
