Macromedia Gains Time4
By rdemott2
Created 02/09/2000 - 01:00
files/pictures/picture-35.jpgMacromedia, Inc. announced its acquisition of Time4.com, a
Minneapolis-based Net application development firm. The privately-held
business, which created a Web-based reservation system, was acquired for an
undisclosed amount. Time4.com's president and chief executive officer
Douglas K. Olson will become vice president of engineering for the
Macromedia eBusiness Solutions Group. In his new role, Olson will lead the
development of Macromedia's eBusiness Infrastructure, one of the first
comprehensive, integrated solutions for content creation, content
management, personalization and analysis of corporate Internet, intranet
and extranet sites. Previously, Olsen served as senior director of
engineering for Adobe Systems, Inc., where he was responsible for the
development of products including Photoshop, Illustrator, ImageReady,
ImageStyler and components for InDesign. Time4.com's seven-person
engineering team will help create additional Web application development
features to Macromedia Dreamweaver, the market-leading professional Web
authoring environment.
