WebSideStory Acquires Atomz

Some breaking news this morning for those of you who follow the hosted site search space. Web analytics firm WebSideStory has announced that it plans to acquire Atomz (aka Avivo Corporation) in a stock and cash deal. A conference call is scheduled for later today.

Under the terms of the agreement, WebSideStory will issue approximately 3.1 million shares of common stock and options to purchase common stock and will pay approximately $4.3 million in cash, in exchange for the outstanding capital stock and options of Atomz.

This news release has more info about WebSideStory's plans.