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Subject: OASIS MEMBER NEWS: Enigma Completes Acquisition of Inso Corporation's Technical Publ ishing Business
-----Original Message----- From: Anne Shannon [SMTP:AnneS@enigma.com] Sent: Monday, November 01, 1999 10:39 AM Subject: Enigma Completes Acquisition of Inso Corporation's Technical Publ ishing Business This press release crossed the wire at 9:50am. Enigma Completes Acquisition of Inso Corporation's Technical Publishing Business DynaWeb/Text and Synex Now Included in Enigma's Comprehensive e-Publishing for e-Business Product Offering Burlington, Mass., November 1, 1999 -- Enigma, Inc., the leading provider of intelligent content publishing for the Web and offline media, announced today that it has completed the acquisition of Inso Corporation's DynaWeb/Text and Synex product lines. This acquisition further strengthens Enigma's commitment to providing customers with a comprehensive e-publishing solution for e-business. The technical publishing component of Inso's Product Data Management division was purchased for approximately $15.5 million in cash and assumption of liabilities. Two-thirds of the payment was completed on October 29, 1999, the remaining third will be paid within the next 180 days. The transaction was a stock purchase between Enigma Inc. and its affiliate Enigma Information Systems Ltd. of all the outstanding stock of Inso's subsidiaries, Inso Providence Corporation and ViewPort Development AB of Stockholm. In support of the transaction, Enigma has also completed a follow-on round of financing from BankBoston, GE Equity, Walden Funds and Mofet. "We are looking forward to establishing a positive and mutually beneficial relationship with DynaWeb/Text and Synex users," noted Jonathan Yaron, chief executive officer at Enigma. "Our goal is to ensure that their e-publishing requirements are fulfilled, and that we deliver a compelling offering of complementary technologies that enables them to succeed in e-business, specifically the B2B e-commerce of spare parts. We feel strongly that we have the right team to support the DynaWeb/Text and Synex customer base and plan to visit all active customers over the next few months." As part of our commitment to meeting all of our new customers, Enigma will sponsor a user group reception at the XML '99 conference in Philadelphia this December. For more information, or to register to attend the reception, please contact Enigma's marketing team at info@enigma.com. About Inso Inso Corporation is a leading provider of solutions for the management, exchange and dynamic delivery of critical business information. Inso's award-winning technology enables large corporations to manage, exchange and publish all types of information, from the simplest memo to the most complex multimedia document. For more information, visit the Inso Web site at http://www.inso.com. About Enigma Enigma, Inc. (http://www.enigma.com) is the leading provider of intelligent content publishing solutions to corporate, government and commercial publishers. The company's flagship product, INSIGHT, fully automates the publishing process by turning electronic source documents into intelligent electronic publications for simultaneous distribution on the Internet and CD-ROM. Enigma's knowledge management solution, Xtend, enables the customization of these publications by allowing end-users to seamlessly add their own information to the original data. Typical applications of INSIGHT include technical documentation, reference publications, electronic textbooks, policy and procedure manuals, and catalogs. Enigma's rapidly expanding list of customers includes GE Aircraft Engines, United Technologies, Rolls-Royce, Rolls-Royce Allison, GaSonics International, SAP and Standard and Poor's. Enigma is a privately held company, headquartered in Burlington, Mass. with offices in London, Paris, Munich, Amsterdam, Toronto, Tokyo and Tel Aviv. #### Anne Shannon Enigma Inc. 781/273-3600 x3606
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