INSCI Acquires WebWare

Sep 12, 2003

INSCI Corp., a provider of Enterprise Content Management (ECM) solutions has announced the acquisition of WebWare, a provider of digital asset management (DAM) solutions. The acquisition, made for cash and stock, is intended to offer INSCI growth capability through a broader suite of products, new market opportunities, additional management talent, and expanded worldwide distribution. Further terms of the transaction will be disclosed on Form 8K to be filed with the SEC by the end of the month. This transaction is anticipated to accelerate the development of the next generation of WebWare'sActiveMedia SOAP/J2EE platform.

WebWare ActiveMedia software brings INSCI a digital asset management platform for integrating rich media content-such as images, illustrations, layouts, slide presentations, video and animation-into content management systems, Web publishing systems, and ecommerce portals. This technology is expected to broaden INSCI's product suite, which is designed for the capture, long-term preservation and Web presentment of such content as banking and financial statements, explanations of benefits (EOBs), claim images, and email.

A venture-backed, privately held company based in Sausalito, California, WebWare was founded in 1996. Its ActiveMedia software is deisnged to help Global 2000 firms securely manage, re-use, and distribute media assets locally or globally, and is available as either a stand-alone product or fully hosted outsourced service.  

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