Microsoft Corp. announced today it will buy NetCarta Corp. from CMG Information Services Inc. for $20 million in cash.
NetCarta, of Scotts Valley, Calif., develops client/server World Wide Web management software and navigation software, including WebMap, its interactive mapping software for Web sites.
Microsoft plans to integrate NetCarta's technologies into its BackOffice product line, officials said.
The Redmond, Wash., software giant will also acquire a 4.9 percent stake in CMG, and the two companies are discussing "other business opportunities within CMG's portfolio of Internet related ventures," CMG said in a release.
CMG's @Ventures division owns majority interests in Lycos Inc., GeoCities and Black Sun Interactive. The Andover, Mass., company is also developing Planet Direct, a personalized consumer information service; Infomation, a personal Internet newspaper; and other marketing ventures using the Internet.
""This acquisition will help Microsoft deliver a comprehensive content management solution for enterprise intranet and Internet sites," said Anthony Bay, Microsoft's Internet Business Unit general manager, in a release.