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E.piphany Inc. said Tuesday it agreed to acquire RightPoint Inc. for 3.5 million shares currently valued at $552 million, in a deal that unites makers of e-commerce software.
Shares of E.piphany soared $45.25, or 40 percent, to $157.75, on the Nasdaq stock market Tuesday.
E.piphany, a provider of software used to analyze commerce on the Internet, said it expects to have about 275 employees after completing the transaction. The Palo Alto, Calif., company had revenue of $10.5 million in the nine months ended Sept. 30.
