Macromedia acquires Elemental
San Franciso-based Macromedia, Inc. has announced an agreement under whichMacromedia will acquire Elemental Software for $24 million in a stock forstock transaction. Elemental Software is a privately held company thatdevelops and markets software that enables corporate users to build Webapplications for e-business solutions. Elemental's products includeDrumbeat 2000, Drumbeat 2000 JavaServer Pages Edition, and eStore Builderfor Drumbeat 2000. Upon completion of the acquisition, the Elemental