Critical Path, a provider of B2B Internet messaging services, has signed a definitive agreement to acquire PeerLogic, a private, San Francisco-based provider of e-business infrastructure software. To complete the acquisition, which is anticipated to close in the third quarter of 2000, Critical Path will issue 6.4 million shares of its common stock and assume all outstanding PeerLogic options.

Critical Path’s set of messaging-enabled services provides an infrastructure for secure e-business transactions. With PeerLogic, Critical Path can now offer the mission-critical solutions that allow business information to flow between any two points in the electronic economy. By joining forces with PeerLogic and its LiveContent Suite of application integration solutions, Critical Path aims to empower any corporation, regardless of its IT platform, database, or directory services environment, with the ability to join disparate business data and communications applications into one end-to-end messaging solution.

“Critical Path’s rich set of messaging-enabled services is the ideal infrastructure for secure e-business transactions. With PeerLogic, we now offer the mission-critical directory and integration solutions that allow business information to flow between any two points in the electronic economy,” said Doug Hickey, Critical Path’s CEO.