Merant to Buy The Marathon Group
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Merant, a global organisation quoted on the London Stock Exchange (MRN) and Nasdaq (MRNT), says the acquisition is a fundamental part of its strategy to help its customers "e-enable" their enterprises.
Merant will pay $15 million in cash to Marathon shareholders. However, the deal has not been finalised, and is still subject to "certain closing conditions," according to the parties concerned.
"The Marathon team clearly understands how the Internet can be used to create business value," said Gary Greenfield, Merant's president and chief executive officer.
Recent projects by The Marathon Group include an extranet for Wrangler, an intranet for Glaxo Wellcome and two sites for Healthtex -- a business-to-business site at www.healthtexBtoB.com and a business-to-consumer site at www.healthtex.com.
If the deal goes through, Marathon will become the major part of Merant Interactive Services, a new arm of Merant Consulting, previously formed to deliver e-commerce, Internet, intranet and extranet solutions.