AltaVista Acquires E-Navigation Firm
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Financial terms of the agreement were not disclosed.
Transium will become part of the newly-formed AltaVista Business Solutions Group, which offers global Net search services to e-commerce and portal sites. Transium is AltaVista's latest step in offering search solutions to e-commerce companies, portals and global enterprises.
AltaVista will use this technology to create and host a custom index of a company's Web site or other content and to provide quick, relevant search results to its users.
"Transium's hosted search technology helps companies to realize a more rapid return on investment, with no additional internal resources required to implement and support the application," said Paul Sutter, chief executive officer of Transium Corp. "This strategic acquisition will create a powerful search solution with the benefits of custom hosted services."
AltaVista became the child of CMGI (CMGI) last June after the EcoNet paid Compaq Computer Corp. (CPQ) $2.3 billion for the search engine. AltaVista has since gone on to make a number of content deals with companies such as HealthCentral.com and DoubleClick Inc. (DCLK).