Channel Wave Buys Drums Inc.

On July 17, 2000, Boston-based ChannelWave Software, Inc., who provides business partner and customer loyalty solutions to a wide range of corporate clients, acquired DRUMS, Inc., an extranet solutions company which builds web-based, intelligent selling systems.

DRUMS was represented by Fasken Martineau DuMoulin LLP. C. Ian Kyer led a Toronto team consisting of Richard E. Johnston, John Beardwood, Sanjay Kutty and Sean Stevens, with William J. Bies providing tax advice. ChannelWave was represented by Russell Leblang, Robert Hamlin and Richard Creem of Landay & Leblang in Boston as well as by Beth Gearing, Jeff Trossman, Liz Aspinall and David Kruse of Blake, Cassels & Graydon LLP.