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iMediation inks deal to buy ArcadiaOne

E-business software maker iMediation said Monday that it has signed a deal to acquire ArcadiaOne, a company that automates content-sharing online. Although specific terms of the deal were not disclosed, iMediation said the deal has been approved by both boards of directors and that ArcadiaOne will receive iMediation stock, cash and a seat on the company's board. iMediation also said ArcadiaOne Chief Executive Ahmed Farooq will become the senior vice president of the ArcadiaOne product group within iMediation. iMediation makes software geared toward helping companies with their sales and marketing strategies.

E-business software maker iMediation said Monday that it has signed a deal to acquire ArcadiaOne, a company that automates content-sharing online. Although specific terms of the deal were not disclosed, iMediation said the deal has been approved by both boards of directors and that ArcadiaOne will receive iMediation stock, cash and a seat on the company's board. iMediation also said ArcadiaOne Chief Executive Ahmed Farooq will become the senior vice president of the ArcadiaOne product group within iMediation. iMediation makes software geared toward helping companies with their sales and marketing strategies.