Stock Watch: Octane Buy Dampens E.piphany

E.piphany, Inc. (Nasdaq: EPNY) fell 61 15/16 to 187 Wednesday after the customer-relationship management company said it would buy privately held Octane Software Inc. for stock in a deal valuing the privately held company at an eye-popping $3.18 billion.

Octane, which jettisoned plans for an initial public offering in favor of the E.piphany buyout, is on track to see revenue of $35 million this year, up from $3 million in 1999, the companies said.

The acquisition is the second for E.piphany since the company went public last September. In November, it acquired RightPoint, Inc. for stock worth about $392 million.

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