San Francisco, California —March 20, 2001—Macromedia, Inc. (NASDAQ: MACR) today announced the completion of its merger with Allaire Corporation, a leading provider of software for companies building their business on the Web. Macromedia previously announced a definitive agreement to merge with Allaire on January 16, 2001. The transaction brings together market-leading server, development and playback software to make building professional Web sites more efficient, affordable, and accessible.