News.com: Ask Jeeves sheds enterprise unit
Can you say "fire sale"? Ouch:
Web navigation company Ask Jeeves is selling its enterprise software unit for about $4.25 million in cash, a sign of further consolidation in the growing search industry.
The Emeryville, Calif.-based company said Wednesday that it will sell its Jeeves Solution unit, which provides search technology to corporations for their Web sites and internal networks, to Kanisa, a provider of customer service software. Kanisa will pay $3.5 million upon closing of the sale, which is expected in July, and another $750,000 in promissory notes, due to be paid within a year.
