Passageways Acquires Engineered Business Solutions' Intranet Business
West Lafayette, IN. September 24th, Passageways, a West Lafayette, Ind.-based portal solutions provider for financial institutions, announced the acquisition of Houston-based Engineered Business Solutions' (EBS) product Instant Intranet Builder (IIB) and the IIB client base.
EBS's main intranet offering, IIB, enables organizations to create, maintain and manage departments or enterprise intranets. Passageways will now provide EBS's IIB users with technical assistance and support for the intranet system.
Passageways has acquired 66 new clients with this agreement, including key financial institutions such as Citizens and Farmers Bank, Southern Community Bank, San Diego Metropolitan Credit Union, Utah State University Charter Credit Union and Trumark Financial FCU. The organization also takes control of two EBS domain names, www.engbsolutions.com and www.instantintranets.com, as part of the acquisition. EBS continues to operate its IT services business at www.ebsit.com.
"The synergies between EBS's Instant Internet Builder and the Passageways Corporate Portal Framework will provide our customers with enhanced automated management for business-related tasks," said Neil Anderson, CEO of EBS. "Combining our systems gives customers a more efficient, streamlined and dynamic communications offering."
"Similar to our purchase of Extreme Arts and Sciences' 30-customer intranet business in 2004, this acquisition helps Passageways gain a larger market share of portal users in the financial services industry," said Paroon Chadha, co-founder and vice president of Passageways. "As we grow, we continue in our goal to provide our customers with portal technology that allows for collaborative communication and comprehensive knowledge management."
Passageways offers its own corporate portal framework that includes collaborative features and allows decentralized content management. A series of additional modules that provide capabilities such as product and service information sharing and electronic forms building can be added to the Passageways portal software framework.
About Engineered Business Solutions
Engineered Business Solutions, a Microsoft Certified Partner and a Microsoft Small Business Specialist, provides professional information technology consulting and services to businesses in the Houston area. For more information about EBS, visit www.ebsit.com.
About Passageways
Founded in 2003, West Lafayette, Ind.-based Passageways is a corporate portal solution provider offering the financial services industry a framework that streamlines and enhances internal communications. The company's flagship product, Passageways Corporate Portal Framework, provides financial institutions with the ability to increase internal collaboration, efficiency and profitability. For more information about Passageways, visit www.passageways.com.
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