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 BMC Software (BMCS) acquires OptiSystems Solutions (OPTL)

   *  Amount:         $70 million

   *  Terms:            $100% cash

   *  Premium:        25%

   *  Industry:        E-commerce enablers

HOUSTON, May 23--Business software company BMC Software said it would buy Israeli-based OptiSystems Solutions for $70 million cash. BMC, whose software allows companies involved in electronic commerce to monitor their systems and spot potential problems, said the OptiSystems purchase will allow it to offer a product that manages SAP AG's SAP R/3 software, which runs transaction, database, and inventory software.

 

 Colleges.com acquires CPNet from ilife.com (ILIF)

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        Content/Communities

NORTH PALM BEACH, May 23--Ilife.com announced that it has sold all business and assets of The College Press Network (CPNet.com) to Colleges.com. Ilife.com will continue to focus its direction on personal finance content by selling The College Press Network, a provider of college-focused Internet-based content and advertising solutions for online college newspapers. The buyer, Colleges.com, is the creator of the "Virtual Campus" community and a provider of Internet-based commerce and services to the college and university community and is the publisher of "U.", the National College Magazine. Specific terms of the sale were not disclosed.

 

 Applied Digital Solutions (ADSX) and ATEC Group (ATEC) terminate merger

   *  Amount:         $55.9 million

   *  Terms:            1.25 ADSX shares per ATEC share

   *  Premium:        n/a

   *  Industry:        E-commerce enablers

   *  Scorecard:      n/a

PALM BEACH, May 23--Applied Digital Solutions and ATEC Group announced the termination of the letter of intent that called for Applied Digital Solutions to acquire ATEC Group for $55.9 million. Market conditions were cited for the termination of the merger, originally announced May 5, 2000.

 

 ci4net.com (CIFN) acquires 50% stake in BuyThisFast

   *  Amount:         Undisclosed

   *  Terms:            n/a

   *  Premium:        n/a

   *  Industry:        E-tailers

   *  Scorecard:      C-

LONDON, May 23--ci4net.com, the Econet 4 Europe, announced it has acquired a 50% interest in BuyThisFast, the world's first online Convenience Shopping Network. The addition of BuyThisFast to ci4net.com's Econet will directly benefit ci4net.com's partner companies by giving them access to a proprietary ad serving technology and leverage of the power of "affiliate" marketing to form a newrevenue stream.