SWT to Merge With Captiva Software
SWT has signed a definitive agreement to merge with and into Captiva Software Corporation, a provider of input management solutions. The transaction, subject to customary closing conditions, is expected to be completed during the week of 23 May 2005. SWT has been a technology partner of Captiva’s since 2002, supplying its Dispatcher product as an optional addition to Captiva’s InputAccel and, through a 2004 OEM agreement, classification and data extraction capabilities for Captiva’s Digital Mailroom™. Both companies’ products will continue to be marketed and supported, and SWT’s management will remain intact and continue running SWT’s operations in France from its Paris headquarters. The merger will add approximately 80 SWT employees to Captiva’s 320, resulting in a total of over 400 employees on a worldwide basis.