Network Appliance Acquires WebManage Technologies, Inc. to Provide Seamless Data and Content Management, Storage, and Delivery Solutions
--From AOL.-- Cooters
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 5, 2000--Network Appliance, Inc. (NASDAQ: NTAP), the leading provider of network-attached data access and content management solutions, today announced a definitive agreement to acquire privately-held WebManage Technologies, Inc. of Chelmsford, Mass., a developer of content management, distribution, and analysis software solutions.
Under terms of the agreement, Network Appliance will acquire WebManage Technologies, Inc. for approximately $75 million in common stock, assumed options, and cash. The acquisition will be accounted for using purchase accounting and is expected to close during the current fiscal quarter.
"The acquisition of WebManage ushers in a new era for Network Appliance. We are leveraging our leadership in network attached storage and content delivery to redefine enterprise data infrastructure development," said Dan Warmenhoven, CEO of Network Appliance. "WebManage will enable enterprise and service provider customers to build content delivery networks (CDNs) that improve access to information throughout their networks."
WebManage develops software that intelligently distributes content between various points on the Internet and enables organizations to plan, manage, and deliver predictable Internet/intranet services.
"Network Appliance is uniquely positioned to provide end-to-end solutions for enterprises and service providers," said Vijay Basani, president, CEO and founder of WebManage Technologies. "Our content distribution and analysis solutions will become an important piece of NetApp's end to end solution, enabling customers to optimally manage, store, and deliver data and content to all points of the network."
About Network Appliance
Network Appliance, Inc., a veteran in network file serving and caching, has been providing data access solutions since 1992, and is a member of both the S+P 500 and NASDAQ 100 index. Major corporations and ISPs, including Lycos, Yahoo!, Citicorp Securities, Siemens, Lockheed, Cisco, Motorola, and Texas Instruments have deployed NetApp(R) solutions. NetApp Internet caching solutions (NetCache(TM) appliances) and file servers (filers) deliver fast, simple, reliable, and cost-effective access to network-stored data and enable simultaneous shared file services for UNIX(R), Windows NT(R), and the World Wide Web.
The company pioneered the concept of the "network appliance," an extension of the industry trend toward dedicated, specialized products that perform a single function. Network Appliance filers and NetCache appliances are based on the company's innovative data access software known as the Data ONTAP(TM) operating system and standards-compliant hardware.
The foregoing statement is a forward looking statement subject to change and results could differ materially from those described in the forward looking statement. Factors that could affect actual results include the ability to successfully integrate the technology into new products, uncertainty as to market acceptance of the technology, and compatibility with other enabling technologies in the market place. Important factors that may cause actual results to differ are also set forth in the company's periodic filings with the United States Securities and Exchange Commission.
NetApp is a registered trademark and Network Appliance, Data ONTAP, and NetCache are trademarks of Network Appliance, Inc in the U.S. and other countries. UNIX is a registered trademark in the U.S and other countries, licensed exclusively through X/Open Company Limited. Windows is a registered trademark of Microsoft Corporation. All other brands or products are trademarks or registered trademarks of their respective holders.
CONTACT:
Network Appliance, Inc
Adam B. Trunkey, 408/822-6314 (Press)
atrunkey@netapp.com
Billie Fagenstrom, 408/822-6428 (Investor)
bfagenstrom@netapp.com
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