Wednesday, April 9, 2008

Vignette to Acquire Vidavee for $6.6M

Web content management software developer Vignette announced Wednesday that it has agreed to acquire Vidavee, a provider of Internet video publishing applications. Vignette said it will pay some $6.6 million in cash for all outstanding Vidavee shares. Once the acquisition is complete, Vignette said it plans to offer Vidavee's video publishing technologies through a software-as-a-service model, which will be integrated with Vignette's Digital Services Hub to provide organizations with a single unified framework for content monetization and delivery needs. Vignette is headquartered in Austin, Texas.