Starbase Announces Completion of worldweb.net and Technology Builders Inc. Acquisitions
Conference Call Scheduled To Provide New Financial Guidance and Present Expanded Product and Market Strategy
SANTA ANA, Calif.--(BUSINESS WIRE)--Feb. 26, 2001-- Starbase Corp. (Nasdaq:SBAS - news), the leading provider of end-to-end collaborative products for both the development and management of content and code for eBusiness applications, today announced completion of the worldweb.net and Technology Builders Inc. acquisitions.
The Company will host an investor conference call on Wednesday, Feb. 28, 2001 at 12 Noon EST (9 a.m. PST) to provide new financial guidance for fiscal year 2002 and present expanded product and market strategy.
Kathy Quirk, Hurwitz Group analyst stated: ``With these acquisitions, Starbase brings its customers the best of both worlds -- they will be able to offer an integrated code and content management platform to appeal to customers who prefer purchasing through a single vendor, and they will also continue to sell the products individually and equip customers with an open application program interface (API) should they prefer to use a third-party tool for requirements management or content management. The acquisitions yield little customer overlap, which furnishes Starbase with an instant sales channel with plenty of cross-selling opportunities.''
Quirk continued: ``We believe that following good application development practices and applying them to Web site developments requires that all stakeholders -- developers, content writers, designers, and especially the important individuals who must approve and sign off on work -- have a unified, collaborative platform that allows them to work together throughout the Web development life cycle, from the gathering of requirements on through to deployment. Starbase, with the acquisitions it has announced and the integrations it already has in place, is the first vendor to bring such a solution to market.''
``With these acquisitions, Starbase has taken a quantum leap in establishing itself as the elite provider of comprehensive, collaborative solutions for both the development and management of content and code,'' stated William R. Stow III, president and CEO of Starbase. ``Our greatly expanded sales teams will pursue multiple cross selling opportunities to hundreds of new and established customers. These acquisitions have also brought us some of the finest engineering talent in the industry that will buttress our research and development efforts designed to bring next generation technology to the marketplace.''
Participating in the call will be:
William R. Stow III President & CEO
Doug Norman CFO
Lydia Patterson Vice President, Corporate Marketing
Jim Smith Executive Vice President, Sales Division
Nick Kavadellas Executive Vice President, Software Divisions
Conference Call Information:
Live Call: 913-981-4903
Confirmation: 735483
Web Cast Information:
Listen to the conference call's live broadcast on the Company's
Web site www.starbase.com, or www.vcall.com, or www.streetfusion.com.
The conference call will also be archived on the Company's Web site
for future reference.
Telephone Relay Numbers:
Replay number: 888-203-1112
Confirmation: 735483
The replay will be available for 7 days, beginning approximately 2 hours after the call ends.
About Starbase
Starbase is the leading provider of end-to-end collaborative products for both the development and management of integrated content and code for eBusiness applications. Collaboration is the simultaneous coordination, management and communication of geographically dispersed contributors of both code and content for eBusiness applications. With more than 2,500 Starbase customers worldwide, the company's technology supports the continuous cycle of creating, linking and managing digital assets, which comprise complex eBusiness applications. Starbase products enable users with differing technical and functional backgrounds to collaborate on the production and management of Web sites and eBusiness initiatives from multiple locations.
Companies and organizations, including leading corporations such as AIG, Aether Systems, BMC Software, ComputerJobs.com, Dell Computer, DiTech.com, eTour.com, Hollywood Entertainment, Lucent Technologies, Motorola, Oxygen Media, PepsiCo, Pioneer Group and Seagate Technology have selected StarTeam to manage their eBusiness development projects. Starbase has headquarters at 4 Hutton Centre Drive, Suite 900, Santa Ana, CA 92707. Tel: 714/445-4400. Fax: 714/445-4404. Visit Starbase's Web site at www.starbase.com.
NOTE TO EDITORS: Starbase and its product names are trademarks of Starbase Corp. All other product and company names herein are trademarks of their respective owners.
Forward-Looking Statements
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, and (vi) other risks described in Starbase Corp.'s SEC reports and filings.
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Contact:
Starbase Corp., Santa Ana
Ann Jones, 714/445-4440
ajones@starbase.com |
