SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) July 14, 2000
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NetObjects, Inc.
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
000-25427 94-3233791
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(Commission File Number) (I.R.S. Employer Identification No.)
301 Galveston Drive, Redwood City, California 94063
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(Address of Principal Executive Offices)
(650) 482-3200
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(Registrant's Telephone Number, Including Area Code)
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(Former Name or Former Address, if Changed Since Last Report)
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Item 2. Acquisition of Assets.
On July 14, 2000, the registrant completed the acquisition referenced
in the press release dated July 12, 2000, attached as an exhibit.
Item 7. Financial Statements and Exhibits.
(a) Exhibits.
99.1. July 12, 2000 press release announcing the acquisition of
Rocktide, Inc., as of the same date.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NETOBJECTS, INC.
Dated: July 27, 2000 By: /s/ RUSSELL F. SURMANEK
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Russell F. Surmanek
Executive Vice President
Finance and Administration and
Chief Financial Officer
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Exhibit 99.1
NetObjects Acquires Rocktide, Inc.
REDWOOD CITY, Calif., July 12 /PRNewswire/ -- NetObjects, Inc. (Nasdaq: NETO)
today announced that it has signed a definitive agreement to acquire
privately-held Rocktide, Inc., a provider of the next generation application
service provider (ASP) technology and wireless e-Services that will help
Web-enable businesses worldwide.
This acquisition furthers NetObjects' objective to be number one in reach
through large-scale distribution with partners and to offer the industry's
leading integrated B2B e-Services by building and acquiring key ASP technologies
and e-Services. In February, NetObjects launched the company's first ASP
offering. Recently, NetObjects has announced agreements with IBM and Dell to
distribute its new NetObjects Fusion e-Services Edition as part of an integrated
solution with the industry's top-selling PC hardware providers. "Our strategy is
to create a frictionless solution for our partners that integrates NetObjects'
embedded ASP services with the partners' existing infrastructure to deliver
maximum value to their small business customers," said Samir Arora, chairman and
CEO of NetObjects, Inc. "Rocktide is a great example of the next generation of
ASP and wireless services technology companies that will greatly enhance
NetObjects' offerings."
Rocktide's e-Services technology has been designed for rapid partner deployment,
international language support, device independence, and scalability for
millions of users. Under the terms of the agreement, NetObjects will acquire all
of Rocktide's stock for $3.6 million of NetObjects common stock and $400,000
cash. Rocktide's key employees will join NetObjects after the closing of the
transaction.
About NetObjects
NetObjects, Inc., an IBM affiliate (NYSE: IBM), is a leading provider of
e-business solutions and services. More information about NetObjects and its
products can be found at www.netobjects.com/aboutus.
NOTE: NetObjects is a registered trademark, and NetObjects Fusion, NetObjects
Collage, NetObjects Authoring Server and GoBizGo are trademarks of NetObjects,
Inc. All other brand and product names may be trademarks or registered
trademarks of their respective companies.
This press release may contain forward-looking statements within the meaning of
the federal securities laws. Such statements can be identified by the words
"believes," "anticipates," "plans," "expects," and similar expressions. These
forward-looking statements include, without limitation, statements about the
market opportunities for web site building software and services, our strategy,
and competition. These forward-looking statements do not constitute assurances
regarding our future operating results, including the operations of our online
services business, cash flows, and financial
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condition. The market for online web-based small business services is new and
extremely competitive. We cannot be assured of generating a significant amount
of revenue or earning a profit from the sale or license of these services. Our
actual results could differ materially from those expressed or implied by these
forward-looking statements due to various factors, including the risk factors
described in our Form 10-Q and other periodic reports filed with the SEC
pursuant to the Securities Exchange Act of 1934. We undertake no obligation to
update publicly any forward-looking statements for any reason, even if new
information becomes available or relevant events occur in the future.
SOURCE: NetObjects, Inc.
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