Macromedia and Allaire completes merger

Macromedia and Allaire completes merger

Web development tool vendors Macromedia and Allaire have announced the completion of a merger agreement signed in mid-January.

Under the agreement, Macromedia paid $US360 million in cash and stocks to acquire Allaire, to add the popular JRun and ColdFusion back-end tools to its design tools, which include Dreamweaver and Flash.

Shareholders and regulatory authorities have now approved the acquisition, and the merged entity will retain the Macromedia name.

At the time of the original acquisition announcement, both vendors indicated their distribution strategies would remain largely unchanged as both distribute the majority of their product through Firmware Design.

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