IXL Enterprises, an Atlanta-based strategic Internet services vendor, will acquire Tessera Enterprise Systems, a customer relationship management solutions provider. iXL plans to use Tessera’s data warehousing and data mining technologies to augment its Internet e-business expertise in designing enterprise relationship management tools.
The transaction, valued at $120 million, has been approved by both companies’ boards of directors and is expected to close in fourth-quarter 1999. Boston-based Tessera is a privately-held company with 130 employees in three U.S. office locations. Tessera has built CRM systems in the world for Eddie Bauer, First Union National Bank, UBS AG, UniCredito Italiano, BankBoston and others.
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