Here is another story regarding SUNW purchase of Net Dynamics, Inc.
(COMTEX) B: Sun Microsystems, Inc. to Acquire NetDynamics, Inc.; New
B: Sun Microsystems, Inc. to Acquire NetDynamics, Inc.; New Software Offerings
Will Accelerate Adoption of the Java Platform in the Enterprise
PALO ALTO, CALIF. (July 1) 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
applications over the web,"said Alan Baratz, president, Sun's Java
Software. "Sun's goal is to provide the highest quality implementation
of the Enterprise JavaBeans API along with our application server
offering. We fully expect healthy competition in this market; more
competition leads to innovation, which in turn leads to greater
customer choice."
Sun will continue to ship and support NetDynamics' current product
line. In the future, Sun expects to include NetDynamics' technology in
next generation software products for the enterprise.
The above news release contains forward looking statements that
involve risks and uncertainties. Sun's actual results may vary
materially from the results discussed in the forward-looking
statements. Factors that may cause such a difference include those
risks surrounding the closing of the acquisition, timely development,
production and acceptance of new products and services, Sun's ability
to compete in the highly competitive and rapidly changing marketplace
and the other risks detailed from time to time in Sun's periodic
reports filed with the Securities and Exchange Commission, including,
but not limited to, its Report on Form 10-K for the fiscal year ended
June 30, 1997, and its reports on Form 10-Q for its fiscal quarters
ending September 28, 1997, December 28, 1997 and March 29, 1998. About
NetDynamics, Inc.
NetDynamics, Inc. offers the first comprehensive Enterprise Network
Application Platform, solving the problems organizations face in
integrating disparate computing environments, scaling business-critical
applications and managing distributed systems. The NetDynamics platform
leverages a powerful, open and secure architecture to enable innovative
business solutions. More than 650 customers including AT&T, Chevron,
Fidelity Investments, NationsBank, and Service Merchandise, use
NetDynamics, which also is supported by more than 100 leading systems
integrators, VARs, and ISVs. Based in Menlo Park, Calif., the company
was founded in 1995. About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision, "The Network Is The
Computer(TM)," has propelled Sun Microsystems, Inc. (NASDAQ:SUNW) to
its position as a leading provider of high quality hardware, software
and services for establishing enterprise-wide intranets and expanding
the power of the Internet. With more than $9 billion in annual
revenues, Sun can be found in more than 150 countries and on the World
Wide Web at sun.com.
Sun, the Sun logo, Sun Microsystems, Java, and Enterprise JavaBeans
are trademarks or registered trademarks of Sun Microsystems, Inc. in
the United States and in other countries. NetDynamics is a trademark of
NetDynamics, Inc.
Press announcements and other information about Sun Microsystems are
available on the Internet via the World Wide Web at sun.com.
For reader inquiries about Java technologies, products and services,
telephone 1-888-843-5282 in North America, Virgin Islands, Puerto Rico,
and Hawaii. From all other countries, call 512/434-1591.
-0- JSJ/sf*
CONTACT: Sun Microsystems, Inc.
Elizabeth McNichols, 408/343-1684
elizabeth.mcnichols@sun.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ PRODUCT
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