Intel To Acquire iCat
SANTA CLARA, November 30, 1998 - Intel Corporation announced today that it has entered into a definitive agreement to acquire the assets of iCat Corporation. The transaction will be made through a subsidiary of Intel and is expected to be completed before the end of 1998.
Privately held iCat is a leading provider of e-commerce software and services. The software aids in the creation of Web-based storefronts that include secure transaction processing capabilities.
iCat Corporation, founded in 1993 and based in Seattle, provides corporations and merchants worldwide with the information, software, and services they need to be successful in e-commerce. iCat's award-winning, entry-level e-commerce solutions are used by thousands of small and mid-size businesses. Additional information about iCat is available at www.icat.com.
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