San Franciso-based Macromedia, Inc. has announced an agreement under which
Macromedia will acquire Elemental Software for $24 million in a stock for
stock transaction. Elemental Software is a privately held company that
develops and markets software that enables corporate users to build Web
applications for e-business solutions. Elemental's products include
Drumbeat 2000, Drumbeat 2000 JavaServer Pages Edition, and eStore Builder
for Drumbeat 2000. Upon completion of the acquisition, the Elemental
products will continue to be sold and supported as part of Macromedia's
industry-leading suite of Web publishing solutions, and will be key
components of Macromedia's overall solution for creating dynamic Web
applications.
Read about Macromedia's newest versions of Dreamweaver and Fireworks in
Jeff Williams'
"Macromedia's Latest: Making the Web Easy" .
