Monday, July 13, 1998 - Page updated at 12:00 AM

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Business Digest

Asymetrix Buys Meliora, Plans To Combine Products

Seattle Times Staff: Seattle Times News Services

SEATTLE - Asymetrix Learning Systems said it has acquired New York-based Meliora Systems, a supplier of technology for skills-gap analysis and instructor-led training.

No price was given for the transaction, but Asymetrix said it would issue about 235,000 shares of its common stock in the deal. Trading today near $11 a share, that stock would be worth about $2.58 million.

Bellevue-based Asymetrix said it will combine its Librarian and Meliora's Ingenium programs to create a simplified learning-management product. An integrated database and student-access version will be available early next year.

Gordon Rogers, Meliora's chief executive officer and founder, has become vice president of strategic alliances for Asymetrix.

Copyright (c) 1998 Seattle Times Company, All Rights Reserved.


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