is to buy, the company formerly known as Extensis.

The company announced yesterday that it has entered into a "definitive agreement to acquire", which is a portal for the creative industry and a supplier of "e-services" and software tools. It is the parent company of the Extensis Products Group, which publishes software such as Portfolio and Suitcase. provides e-commerce solutions for the printing industry - the recently-acquired, for example, is an online bidding system for print buyers. will buy for $97.1 million, consisting of 4.3 million shares of common stock, and $9.9 million in cash. will become a wholly owned subsidiary of and will continue to operate from its Portland, Oregon headquarters. The CEO Craig Barnes will stay in his position, and the 120 employees of will become employees of The deal is expected to be completed in early summer, subject to standard conditions.