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.

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