CARLSBAD, Calif., Jan. 18, 2011 /PRNewswire/ -- NexPrise, Inc.
(Pink Sheets: NXPS), a leading provider of cloud-based Enterprise
Content Management (ECM) solutions, and Trubiquity, a leading
provider of global software and solutions for the management,
integration, and automation of data flow between customers and
their partners, today announced the execution of an asset purchase
agreement whereby Trubiquity intends to purchase substantially all
the assets of NexPrise, which includes its WebSpace and InfoPrise
assets. NexPrise intends to seek Court approval of the transfer of
the purchased assets to Trubiquity in accordance with section 363
of title 11 of the United States Code.
About NexPrise Inc
NexPrise, Inc. is a leading provider of cloud-based Enterprise
Content Management (ECM) solutions designed to help companies
better manage mission critical documents, automate manual business
processes, and collaborate securely with remote partners, suppliers
and customers. Global content contributors access WebSpace to
create and share documents and data, manage project tasks, and
participate in formal electronic approval processes. Flexible
deployment models give WebSpace customers the option to host their
own private cloud communities, or to leverage the economic benefits
of our on-demand software as a service (SaaS).
About Trubiquity
Trubiquity is a leading provider of global software and
solutions for the management, integration, and automation of data
flow between our customers and their partners. Headquartered in
Troy, Michigan, United States, with offices in Germany, the United
Kingdom, and Japan, and
along with more than 30 resellers globally, Trubiquity delivers
managed file transfer (MFT), collaboration, and process integration
solutions for more than 20,000 users worldwide in the Aerospace,
Manufacturing, Consumer Goods, Healthcare, and Retail
marketplaces.
Safe Harbor Statement
This Press Release may contain forward-looking statements.
"Forward-looking statements," defined in Private Securities
Litigation Reform Act of 1995, may be included in this press
release. These statements relate to future events and/or our future
financial performance. These statements are predictions and may
differ materially from actual future events or results. NexPrise,
Inc. disclaims any intention or obligation to revise any
forward-looking statements whether as a result of new information,
future developments or otherwise.
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Contact
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NexPrise, Inc.
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John Lynch,
760-804-1333
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jlynch@nexprise.com
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SOURCE NexPrise, Inc.