Key Developments For Convera Corporation
Convera Corporation (CNVR.O) (Consolidated Issue listed on NASDAQ Global Market)
Convera Corporation's Subsidiary And Firstlight Online Limited Announces Merger Agreement
Convera Corporation announced the signing of a merger agreement with Firstlight Online Limited and Convera Corporation's merger subsidiary as well as Convera Corporation's intent to distribute cash to its existing stockholders of record. The combined new company will bring together the vertical search technology of Convera Corporation and the advertising sales and marketing capabilities of Firstlight Online Limited. When the merger becomes effective, Convera Corporation and Firstlight Online Limited will each own 33.3% and 66.7% of the total outstanding common stock of the new company, respectively, subject to certain adjustments which may enable Convera Corporation to own up to 42% of the new company prior to the distribution.
Convera Corporation To Create Multiple Vertical Search Sites For Diversified Business Communications
Convera Corporation announced that it has signed a contract with the publisher Diversified Business Communications to build vertical search engines across a portfolio of their brands including those serving professional business communities involved in commercial marine, natural and organic products, and healthcare markets in the United States and Europe.
Convera Corporation and FAST, a Microsoft Subsidiary Announces Extended Business Relationship
Convera Corporation and FAST, a Microsoft Subsidiary announced that the companies will collaborate on hosted vertical and site search as well as ad serving capability for the media and publishing marketplace, over the next several years. Convera will integrate FAST ESP search capabilities into its hosted vertical search solution for publishers. Publishers will be able to configure and customize an integrated site search and vertical search solution using Convera's Publisher Control Panel (PCP). Additionally, Convera will extend FAST AdMomentum across the Convera search platform for publishers. Customers of the Convera professional network would be able to leverage targeted search and contextual ad inventory supplied by Microsoft and distributed from the Convera platform. Detailed financial terms were not disclosed but the deal contains a combination of licensing fees and revenue sharing provisions.
Convera Corporation To Create Human Resources Vertical Search Site For BNA
Convera Corporation announced that it has signed a contract with news and information publisher BNA to build a vertical search engine for Human Resources professionals.
Convera Corporation To Create Vertical Search Site For Kaulkin Media
Convera Corporation announced that it has signed a contract with the publisher Kaulkin Media to build a vertical search engine for the accounts receivable management industry.
