EAI Market Consolidation Continues With Peregrine Acquisition of Extricity
M. Reed - April 3, 2001

Event Summary

Peregrine Systems, Inc. (NASDAQ: PRGN), a provider of Electronic Market Enablement and Infrastructure Management solutions, announced that it has signed a definitive agreement to acquire Extricity, Inc. (privately held). Extricity will contribute its B2B relationship management software as Peregrine creates a digital business offering that provides a full range of software products and managed Internet services using Peregrine's Get2ConnectSM global trading network. The vendor intends for the combined offering to remove frictional cost from collaborative commerce by seamlessly connecting businesses, people, and applications...