Red Brick has purchased data extraction and front end query tools from Engage Technologies for $11.5 million in cash and shares, to fill the gaps in its data warehousing product line.
The deal also includes 23 development and product marketing staff and an agreement that Engage, which is a wholly owned subsidiary of CMG Information Services, can resell the two products - the Engage.Fusion extraction tool and Engage.Discover query product - as well as Red Brick?s own multidimensional database.
Tony Sidebottom, Red Brick?s UK general manager, said: ?We didn?t want to buy the whole company because we just wanted the technology. We are a technology company. This expands our reach in the data warehousing arena and means we can now offer end-to-end products to our customers and partners.?
He added that the Engage products, which are currently in beta, will ship, fully integrated with Red Brick?s product line, by the first quarter of next year.
Specific applications based on the software, which will be aimed at markets such as healthcare and packaged goods, are expected by the end of 1998.
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