iXL Enterprises Acquires Tessera Enterprise Systems

Share this article:
iXL Enterprises, Atlanta, this month announced that it entered into a definitive agreement to acquire Tessera Enterprise Systems, Boston.


According to iXL, the combination of Tessera's data warehousing and data mining technologies and its Internet e-business knowledge will put iXL in a leadership position in the enterprise relationship management industry.


The transaction is valued at $120 million and represents Tessera's first acquisition in more than a year. It has already been approved by the board of directors for both companies and is expected to close in the fourth quarter of 1999.
Share this article:
close

Next Article in Digital Marketing

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Digital Marketing

News Byte: CX Scores to Take Their Place Beside Price Listings

News Byte: CX Scores to Take Their Place ...

E-commerce aggregator PriceGrabber will begin offsetting price info with service expectations.

Data Byte: Interactive Ad Revenues Exceeding TV for the First Time

Data Byte: Interactive Ad Revenues Exceeding TV for ...

At nearly $43 billion, interactive advertising revenues exceeded broadcast for the first time in 2013.

Marketers: Data Rich and Knowledge Poor

Marketers: Data Rich and Knowledge Poor

While advertisers have become incredibly data-savvy, the most difficult challenge remains causally linking that data to outcomes that really matter.