Brio To Acquire Sqribe - InformationWeek

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Brio To Acquire Sqribe

Business intelligence software maker Brio Technology Inc.said yesterday it will buy Sqribe Technologies, a provider ofenterprise portal software, for about $270 million.

The companies, which have worked together in partnershipssince 1997, said they will integrate their product lines.Upon the closing of the transaction, former Brio shareholderswill hold approximately 55% of the combined company, withformer Sqribe shareholders holding approximately 45%, thecompanies said.

Brio had revenue of $40.5 million for calendar year 1998,while Sqribe had revenue of $39.2 million for the sameperiod.

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