February 17, 2003 -- (WhatTheyThink.com) -- Adobe Systems reported a 7.46% stake in Engage Inc. , according to a Schedule 13G filed Thursday with the Securities and Exchange Commission. Dow Jones reported that Adobe holds 3.6 million Engage Inc. common shares. Shares of Engage Inc. closed Wednesday at 11 cents.
A Schedule 13G denotes a passive investment stake of at least 5% in a company. Filers aren't required to provide a reason for any changes in stake and aren't required to detail any transactions.
Engage is a provider of software solutions and services that streamline the advertising production process. Engage solutions combine workflow automation with digital asset management to automate repetitive tasks.
Based in Andover Massachusetts with European headquarters in London, Engage clients include retailers, catalogers, direct marketers, F1000 corporations and publishers around the world.
Clients include ValPak Direct Marketing, Viking Office Products, Circuit City, CDW, The Sharper Image, Sears Canada, MicroWarehouse, HEB Grocery Company, FujiFilm, AirTours/UKLG, LL Bean, Wall Street Journal, McGraw Hill Sweets, The LA Times, Cambridge University Press and The Boston Globe.
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