Realnetworks has acquired Netzip, which develops software that makes it easier for consumers to download content from the Internet, for $268 million.
The firm also managed to move into profit for its fourth fiscal quarter, beating Wall Street's expectations by two cents.
Rob Glaser, Realnetworks' founder and chief executive, said: "The acquisition of Netzip enables Realnetworks to provide superior media and software delivery for tens of millions of Internet users."
"Netzip has established itself as the leader in a significant new category of Internet download management. By joining Netzip's development, marketing and operations teams with Realnetworks, we will further accelerate the development of the digital media distribution business," he added.
Some 14 million users have installed Netzip's utilities, which include the Download Demon downloading tool, Netzip Classic for compressing, transferring and managing files, and Fastview, a multiple file format viewer for viewing multimedia files from email attachments and on the Web.
Separately, Realnetworks ended its fourth quarter in profit. Revenue for the three months ended 31 December, 1999, leapt to $43.5 million compared with $20.6 million last year.
Net income was $6.1 million or $0.07 a share, reversing a loss of $2.2 million or $0.03 a share a year ago. Analysts polled by First Call had been expecting earnings of $0.05.
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