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Calico Expands E-Commerce Software Line

E-commerce software provider Calico Commerce Inc. Friday bought e-commerce technology provider ConnectInc.com for about $90 million in stock.

Calico (CLIC) will issue approximately 1.2 million shares at the rate of .081 share of its stock for each share of ConnectInc.com (CNKT).

Calico's eSales e-commerce suite will improve with the addition of product catalog, order management and business-to-business e-commerce process automation capabilities from ConnectInc.com. Calico said the technology is key to its strategy of providing e-commerce applications for companies that sell complex products over the Web.

"The demand for complete business-to-business e-commerce solutions is exploding. We are excited to join forces with a proven leader such as Calico who is a key supplier to e-commerce pioneers," said Craig Norris, ConnectInc.com's president and chief executive officer.

"We believe that Calico and ConnectInc.com's customers will be well served by our joint electronic commerce offerings and we look forward working together to expand our solutions into new markets."

The companies expect the transaction to close in the first quarter of 2000.