eBay to Acquire Kurant Technology

HostReview.com
Friday, January 14, 2005; 01:28 PM

Kurant (www.kurant.com), and eBay (www.ebay.com) announced that they have signed an agreement whereby eBay will acquire Kurant's technology assets, primarily advanced software relating to online stores.

In addition to the asset acquisition, eBay also expects to hire nearly all of the Kurant team and continue to support Kurant's current customer base.
eBay does not expect the acquisition, which is a cash transaction, to have a material impact on 2005 net revenue and earnings. The transaction is expected to close in the current quarter. Further terms of the agreement were not disclosed.

Kurant Corporation provides software that enables small businesses to conduct business online through dynamic, interactive Web sites. StoreSense, Kurant's flagship product, is a comprehensive e-commerce platform that allows companies to easily add commerce to an existing Web site or create a sophisticated Web Store including: inventory management, supplier communication and integration with Quickbooks.

eBay is The World's Online Marketplace®. Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses.

This announcement contains forward-looking statements regarding the expected impact of the acquisition of Kurant on eBay's net revenue and earnings. Those statements involve risks and uncertainties, and actual results could differ materially from those discussed.