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Technology Stocks : Banyan (BNYN $8.75) as an internet play
BNYN 0.000001000-99.5%May 1 11:25 AM EST

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To: fluffnutter who wrote (417)6/30/1998 11:37:00 AM
From: Norm Demers  Read Replies (2) of 1006
 
Here's why the stock is moving today :

CommVault Systems and Banyan Systems Announce Joint Sales and Marketing Relationship

PR Newswire - June 30, 1998 11:30

BNYN %CPR %JVN V%PRN P%PRN

Jump to first matched term

New $10 Million Partnership Enhances Enterprise Storage Management Solution for Banyan and Other Critical Environments

OCEANPORT, N.J., June 30 /PRNewswire/ -- Continuing to form strategic partnerships with leading technology providers, CommVault Systems, Inc. announced
today a joint marketing agreement valued at nearly $10 million, with Banyan Systems Incorporated (Nasdaq: BNYN). Under the terms of the agreement, Banyan will
resell CommVault's enterprise storage management solution offering enterprise data protection for backup and recovery of critical data across multivendor
environments for its customers.

This partnership provides a new distribution channel for CommVault, in which Banyan's direct sales force will be trained on how to use and resell CommVault's
storage management solution to existing and prospective Banyan customers. Dedicating significant resources to this partnership, CommVault will be providing
necessary service and training through its services team for jointly deployed implementations.

CommVault's storage management software provides unique and reliable recovery capabilities via a centralized, network-based "lights out" storage management
solution for Banyan installations worldwide. Vault98's tightly integrated functionality includes full ARL and international character support, mailbox level recovery for
Banyan mail services, direct recovery of patch level for VINES(R) servers, cross server recovery plus migration and support for StreetTalk(R) for Windows NT(R).
The combined CommVault/Banyan solution will allow end-users to efficiently and cost-effectively provide protection and security for a variety of network
configurations.

Designed to run within heterogeneous networks, CommVault's comprehensive, storage management solution fully integrates with a company's large file servers,
databases and multiple mission critical applications. This relationship with Banyan enables customers to use a native Banyan interface to seamlessly operate and
manage CommVault's solution to restore critical data at the file, mailbox or server level with all of the unique properties, permissions and metadata associated with
the data intact.

"CommVault Systems has offered Banyan users unparalleled backup and recovery solutions for the past four years," said Brian McAteer, vice president, director of
sales, CommVault Systems, Inc. "Because CommVault and Banyan share many large, industry-leading organizations as customers, this agreement will allow each
company to better serve its customers today and into the future."

Providing centralized data protection for open client/server environments, CommVault Systems' storage management solution meshes tightly with the Banyan's
enterprise-wide networking capabilities to secure customers' critical data. As Banyan moves to embrace the open client/server environment, this partnership will
provide Banyan Systems with a storage management solution capable of supporting a diverse and heterogeneous mix of operating systems and applications found in
large organizations.

"Our partnership with CommVault Systems will enable us to provide our customers with one of the most robust data protection strategies offered for VINES,
Windows NT, Exchange and Lotus Notes in the industry," said Bob Burke, Banyan's senior vice president of worldwide sales and services. "CommVault's reputable
position in the enterprise environment and expertise with storage management solutions make CommVault an instrumental factor in strengthening Banyan's overall
cross-platform, mutli-vendor solution capabilities."

About Banyan Systems

Over eight million business users, including half the Fortune 1000, depend on Banyan technology and solutions. Banyan Systems (Nasdaq: BNYN) is a pioneer and
leader in providing proven, standards-based directory and messaging products for enterprise networks. Coupled with professional and support services, these unique
offerings help people communicate simply and easily across the enterprise, intranets and the Internet. Founded in 1983 and headquartered in Westboro,
Massachusetts, USA, the Company markets products and services worldwide through its direct sales force, authorized network integrators, resellers and
international distributors. Banyan can be reached on the World Wide Web at banyan.com. Banyan, VINES, StreetTalk and BeyondMail are registered
trademarks of Banyan Systems Incorporated. StreetTalk is a product of Banyan Systems Incorporated and not a product of McCarthy, Crisanti & Maffei, Inc.

About CommVault Systems

CommVault Systems is a worldwide leader in providing enterprise-wide storage management solutions for client/server environments. CommVault offers a complete,
application integrated suite of network-aware products that seamlessly ensures the reliable, rapid restoration of files, network file systems, and today's most popular
databases. Information on CommVault is available on the World Wide Web at commvault.com or call 732-870-4000. CommVault's corporate
headquarters is located in Oceanport, New Jersey in the United States.

SOURCE CommVault Systems, Inc.

/CONTACT: Robert Collins of Sterling Hager, Inc., 617-926-6665, ext. 234
or Chris Van Wagoner of CommVault Systems, Inc., 732-870-4043/

/Web site: banyan.com

/Web site: commvault.com

(BNYN)



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