Feeds

JDA saves (some of) Engage from the knackers

Bolt-on

  • alert
  • submit to reddit

High performance access to file storage

JDA has outbid rivals for "substantially all" of the assets of terminally ill Engage inc..

The enterprise software firm is stumping up $3m cash and assuming $800,000 in liabilities for Engage's advertising, marketing and promotion software. It is also taking on 30 Engage staff, but will move them to cheaper offices near the Engage HQ in Andover, Mass.

The price obtained by the bankruptcy court for the assets is markedly better than the offer announced by Engage on June 19, the day it filed for Chapter 11. It said then that it had accepted an offer of "$1.2m cash and the assumption of liabilities of approx. $650,000 to $850,000".

JDA will bolt on the Engage AMP software to its JDA Portfolio, a set of technologies pitched at retailers. Engage's customer list also takes the company into a new vertical - newspapers. JDA says it will continue to support all Engage customers.

Engage was formed through the merger of several companies acquired by CMGI, the dotcomglomerate. The company was set free from CMGI in September 2002, with $40m debt forgiven. Engage sold its ad serving software, now called Accipter, to a management team for the bargain basement price of $1.2m cash and liabilities of up to $850,000. ®

Related stories

And with one bound Engage is debt-free
MBO at Engage Ad-serving unit
Engage is now DisEngaged

High performance access to file storage

More from The Register

next story
Seagate brings out 6TB HDD, did not need NO STEENKIN' SHINGLES
Or helium filling either, according to reports
European Court of Justice rips up Data Retention Directive
Rules 'interfering' measure to be 'invalid'
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Cisco reps flog Whiptail's Invicta arrays against EMC and Pure
Storage reseller report reveals who's selling what
Bored with trading oil and gold? Why not flog some CLOUD servers?
Chicago Mercantile Exchange plans cloud spot exchange
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
IT bods: How long does it take YOU to train up on new tech?
I'll leave my arrays to do the hard work, if you don't mind
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.