Yellowbrix to Acquire iSyndicate

Posted on June 20, 2001

YellowBrix, Inc., a provider of content management software, announced that it has entered into an asset purchase agreement governing the acquisition of iSyndicate, Inc., a provider of syndication services and solutions. YellowBrix's investors have agreed to finance the cash portion of the acquisition as well as capitalize the combined company's long-term business plan. The transaction is subject to iSyndicate completing Chapter 11 bankruptcy proceedings.

iSyndicate has laid off 160 employees this year -- leaving the company with only about 40 workers. Competitor ScreamingMedia was also rumored to be interested in acquiring iSyndicate.

"During the last year, we achieved a tenfold increase in our customer base. This merger solidifies our position as the industry leader with technology that sets the standard for relevant business content, whether it's external content delivered by a third party, or internal, proprietary data," said YellowBrix CEO, Randy Lampert. "We selected iSyndicate for their reputation as the most trusted name in news syndication and content services, and we look forward to working with them to build a powerhouse content infrastructure company. Our investors' willingness to finance this transaction reaffirms their support for our plans and vision," Lampert added.

Customers who have integrated YellowBrix into their offerings include KPMG Consulting, America Online, and Brown and Williamson. iSyndicate currently serves Citibank, and Sun Microsystems, among others. Plans are in place to maintain the YellowBrix and iSyndicate product lines and to begin to offer integrated services in the near future.