Macromedia Gains Time4 Development
Macromedia, 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