SUNW bought a company...NetDynamics, Inc.
(BSNS WIRE) Sun Microsystems, Inc. to Acquire NetDynamics, Inc.; New Sof
Sun Microsystems, Inc. to Acquire NetDynamics, Inc.; New Software Offerings
Will Accelerate Adoption of the Java Platform in the Enterprise
Business Editors and Computer Writers
PALO ALTO, Calif.--(BUSINESS WIRE)--July 1, 1998--Sun
Microsystems, Inc., today announced that it has signed a definitive
agreement to acquire NetDynamics, Inc., a privately-held company
specializing in enterprise network applications and application server
software and tools.
"With the acquisition of NetDynamics, Sun will gain a critical
component for the enterprise solutions that companies working on next
generation network applications are demanding," said Edward J. Zander,
Chief Operating Officer of Sun Microsystems, Inc. "As we have said all
along, Sun is committed to providing customers with the best
implementations of the Java technology. Using this technology as the
foundation, we will add our implementation of Enterprise JavaBeans to
provide our customers with the solutions they are seeking."
"As a recognized industry leader and innovator, Sun has the
resources and complementary technologies needed to increase the
adoption of Java technology in the enterprise, and establish the
application server as an architectural foundation for network
computing," said Zack Rinat, president and chief executive officer of
NetDynamics, Inc. "As part of Sun, NetDynamics' solution will play a
key role in enabling businesses to leverage network computing to gain
competitive advantage with their customers, suppliers and
distributors."
NetDynamics' application server currently supports the Java
platform and will enhance and extend Sun's capabilities to benefit
enterprise developers, independent software vendors, corporate end
users and IT managers.
The acquisition will be in the form of a stock for stock merger.
The closing of this acquisition will be subject to regulatory
approvals, NetDynamics' shareholder approval, and certain customary
conditions to closing.
Catalyst for Enterprise JavaBeans(TM) Component Architecture
Sun worked closely with industry leaders to define the
specification for the Enterprise JavaBeans component architecture. The
Enterprise JavaBeans application programming interface (API) uses Java
technology to break through the complexity of building end-to-end
business solutions. With the Enterprise JavaBeans API, developers can
design and re-use small program elements to build powerful corporate
applications.
"The combination of application server software and Enterprise
JavaBeans components will be a powerful tool for corporations wanting
to tap into preexisting systems and expedite deployment of new
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