|
EveryWare
Development Canada Corp. and InContext
Systems Inc.
announced that they have executed a letter
of intent to merge their operations,
subject to regulatory approval and
approval of the board of directors and
shareholders of each of the companies.
InContext also announced an immediate
private placement of InContext shares to
be taken up by EveryWare, subject to
regulatory approval. The merger between
EveryWare and InContext will be by means
of either an amalgamation or a plan of
arrangement in which the shareholders of
the companies will exchange their shares
for shares of a yet to be named new
company. The new company will offer
corporate clients a complete suite of
rapid development, maintenance and
administration tools for departmental and
enterprise Web applications.
Final terms of the
amalgamation will be released upon the
signing of a definitive agreement which
will be included in a joint information
circular to be mailed to the shareholders
of each of the companies. Shareholders
will be asked to vote to approve the
amalgamation at special shareholders
meetings to be held by each of the
companies.
"Today the Webmaster
is at the crossroads of corporate
information services," said Dan McKenzie,
president of EveryWare. "The challenge is
to build, deploy, and maintain critical
Internet, Intranet, and Extranet
applications on multiple platforms. The
open protocol interfaces to HTML, HTTP,
ODBC, and SQL allow our customers and
Value-Added-Resellers to easily construct
complete solutions by combining our
products or mixing and matching them with
products from other vendors," added
McKenzie. "Complete solutions without any
proprietary strings attached is what the
corporate customer wants and what,
together, we will deliver."
Dr. Robert Arn,
President of InContext, explained: "The
merger will provide compelling
organizational, marketing, technology and
product synergies. The combination of
technical expertise and solid product
offerings of InContext and EveryWare will
enable us to position ourselves as the
one-stop shop for
Internet, Intranet
and Extranet applications on three
platforms. Adding EveryWare's
corporate-focused marketing and sales
force to InContext's channel access will
allow us to address the broad Webmaster
community more efficiently. By leveraging
our respective client lists and
partnerships, we can generate sales which
go beyond what we might achieve
separately. A single administrative
infrastructure will reduce costs and send
more of those increased sales to the
bottom line."
"We expect the
combined company to be much more visible
in the marketplace," said McKenzie,
"InContext will provide us increased
exposure in the Windows market with the
superior brand and name recognition they
have been building with MIS departments
and Webmasters alike since 1993. In
combination with EveryWare's leading
position in the Macintosh market, the
amalgamated company will be able to
aggressively market the joint product
lines in both markets with strong brand
recognition."
The merger will
exploit the open-systems approach of both
companies to combine an impressive array
of award-winning products that provide
best-of-breed answers to challenging
Webmaster's needs. The new company will
offer six key Internet/Intranet
technologies:
- Tango
Enterprise: Tango Enterprise is
EveryWare's Web-based development tool
providing webmasters and developers
with the easiest and fastest way to put
their databases on the Web. Receiving
outstanding recognition from industry
press, Tango Enterprise is recognized
as an industry leader;
- Tango Merchant:
Tango Merchant is EveryWare's
electronic commerce application that
enables companies to quickly set-up and
operate Web-based electronic
store-fronts; Bolero: Bolero,
EveryWare's Web tracking tool, is
targeted towards Web administrators
looking to gain valuable statistics on
the usage of their Web sites;
- InContext
WebAnalyzer: WebAnalyzer checks
your Web site for broken links, missing
images, duplicated files and other Web
site problems. The application allows
Web administrators to keep their sites
operating at peak performance. It
received the Most Valuable Product of
the Year award from PC
Computing;
- InContext
FlashSite: Flashsite enables
individuals to download all or any part
of a Web site to a hard drive for a
customized, off-line, power-browsing
experience. It received an Editor's
choice award from PC Magazine;
- InContext
SiteCommand: Soon to be
released, SiteCommand is a Web site and
Intranet management solution, combining
multiple site, server and log analysis
in a single integrated package.
|
