Tuesday September 28, 1:30 pm Eastern Time
Company Press Release
SOURCE: StarBase Corporation
StarBase Announces License Agreement with OpenAvenue
SANTA ANA, Calif., Sept. 28 /PRNewswire/ -- StarBase Corporation (Nasdaq: SBAS - news), a leading provider of Internet and intranet-based technical collaboration products for web site application production and software configuration management (SCM), announced today an agreement in principle for a licensing arrangement with OpenAvenue Inc., a Delaware Corporation (''OpenAvenue'').
Under the terms of the licensing agreement StarBase will provide its acclaimed StarTeam software to OpenAvenue for deployment as the key structural technology within OpenAvenue's comprehensive open-source portal to the software development community. In return, StarBase will receive a licensing fee, an annual maintenance contract, and the exclusive right to sell the OpenAvenue portal on a private-labeled basis, for use as both a corporate Intranet and Extranet. Through a revenue sharing partnership, OpenAvenue will host private projects as an Application Service Provider (ASP) to customers of both companies. StarBase management believes that the private-labeled sale of the OpenAvenue portal, as a virtual private network, will represent the ultimate team-enabled environment for StarBase's customers.
''Portals have emerged as the most effective way to cope with the information overload brought by the Internet,'' stated Gerry Murray, director at International Data Corporation. ''Consumer portals enable us to make sense of vast quantities of content and easily find areas of interest. The latest trend in portals is the enterprise information portal. The enterprise portal represents a radical new way of computing that is tremendously more cost effective than traditional approaches, because IT can deploy and support a single central desktop that serves personalized pages and maintains security throughout the enterprise. Enterprise portals will provide all the tools that users need to work and collaborate. This ubiquity means that groupware, e-mail, workflow, data warehouses, desktop applications, and mission-critical systems will all be accessed through the portal. Thus, the portal will be the desktop.''
OpenAvenue plans to target their services to millions of professionals in the worldwide software and web development community, serving to facilitate the rapidly growing open-source community, with an Internet portal that will operate as a highly interactive meeting place. With StarTeam's powerful, easy-to-use collaboration and application-management technologies integrated into the OpenAvenue portal, developers and users will be able to build and collaborate globally upon thousands of Linux, Unix and Windows NT open-source projects. These developers and users will be able to easily share ideas and knowledge about real-life uses of software technology.
''We plan to customize the OpenAvenue portal for sale as an Intranet or Extranet site by our customers,'' stated William Stow, chief executive officer at StarBase. ''We believe that a paradigm shift is taking place in the software development industry toward the use of Intranets and Extranets to form enterprise level application development communities that will include a broad cross section of corporate professionals, including customers. Software development is no longer the exclusive territory of software engineers. Professionals from throughout the enterprise are expert in the planned use of software applications as a requirement allowing them to build quality e-business systems. Through our exclusive agreement with OpenAvenue, we will be able to offer to StarBase customers a custom portal with all of the power, flexibility and ease-of-use of the OpenAvenue portal, but with a target market of Intranet and Extranet application users. We believe that the addition of these Internet and Extranet portals to the StarTeam family of products will represent a substantive growth opportunity for StarBase.''
''We are delighted with this agreement with OpenAvenue,'' stated Tom Brattvet, vice president of sales at StarBase. ''Because OpenAvenue's technological underpinnings are empowered by StarTeam's SCM technology, every visitor to OpenAvenue's portal will also be a visitor to StarBase products and technology. Unlike other open-source companies which focus upon one operating system technology, the broadly-based OpenAvenue portal will attract a diverse array of projects, including Linux, Unix, and Windows NT based source code. With hundreds of projects already under contract with OpenAvenue we eagerly await its commencement. We believe that OpenAvenue will soon become one of the world's largest open-source portals, as OpenAvenue evolves into the meeting place of choice for open-source developers, providing StarBase with new sources of potential revenues.''
When used in the preceding discussion, the words ''believes, expects, or intend to'' and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, (vi) and other risks described in StarBase Corporation's SEC reports and filings.
About StarBase
StarBase Corporation offers a complete family of advanced Internet and Intranet-based technical collaboration products for web site production, e-commerce application development and software configuration management for mission critical applications. StarBase products were designed to improve development team productivity throughout the corporate enterprise over internal networks or remotely on the Web. StarTeam received ''Two Thumbs Up'' from New Media in May 1999 and Four Stars from Software Development in August 1999, as well as named the 25th fastest growing ISV for Windows by Microsoft and CMP Media in April 1999 and ''Best of the Test Center'' by InfoWorld in Jan. 1998. Leading organizations such as Hollywood Entertainment, Bank of America, Boeing, Dell Corporation, Intel Corporation, Sprint, and Xerox have chosen StarTeam to aid in their development projects. StarBase is located at 4 Hutton Centre Drive, Suite 800, Santa Ana, CA 92707. Tel: (714) 445-4400. Fax: (714) 445-4404. Visit StarBase's web site at www.starbase.com.
StarBase and its product names are trademarks of StarBase Corporation. All other product and company names herein are trademarks of their respective owners. |
