SBAS
Nice candidate for big moves to come. Putting up tremendous revenue growth fundamentals and aligned with major players: (from today's release) "Leading organizations such as Bank of America, Boeing, Dell Corporation, Intel Corporation, Sprint, and Xerox have chosen StarTeam
to aid in their development projects."
Also this recent release:
Monday January 11, 12:18 pm Eastern Time
Company Press Release
SOURCE: StarBase Corporation
StarBase Closes Major Sale with Leading Entertainment Services Company
StarBase to Provide and Implement Strategic Components in Point-of-Sale System in Over 1,600 Distributed Locations
SANTA ANA, Calif., Jan. 11 /PRNewswire/ -- StarBase Corporation (Nasdaq: SBAS - news), a leading provider of advanced Internet and intranet-based technical collaboration and software configuration management tools, today announced that a leading national store chain in the entertainment industry has signed an agreement with StarBase for an initial 1,700 product licenses of StarTeam. The company expects to deploy StarTeam in all retail stores and will fully implement the product within their software development teams. The company will also utilize StarBase's Compliance Tracking System (CTS) to assist with their Year 2000 compliance efforts.
This agreement is expected to increase to over 3,000 product licenses as this Internet and retail chain entertainment services company continues its aggressive and fast paced growth. This 10-year-old company opened 352 new superstores in the twelve months ended September 30, 1998, and with more than 1,200 stores in 43 states it's growing at the rate of one new store every day. Their leading position and growth is evident with approximate annual revenues of three-quarter billion dollars and net income of $19.4 million for the last three-quarters ending September 30, 1998.
The StarTeam solution will be deployed to support the management of their Point-Of-Sale system. StarBase's software solution will provide for a distribution process and deliver change management control for the corporate-wide software development team. The customer's objective is to manage and maintain tight control over the development of software that supports a dynamic and evolving retail system.
The director of store systems at the company said, ''We are pleased to work with a company such as StarBase in our development efforts and store systems. After careful evaluation it became evident that StarTeam was clearly the best solution for our needs, and StarBase would be the company we would work with on this implementation. StarTeam will help ensure the quality of our store systems, thereby allowing our employees more opportunity to focus on customer service. StarTeam is a remarkable product and we look forward to implementing it throughout our chain.''
''This agreement and others reflects a recent transition for StarBase into the enterprise marketplace,'' said William Stow, president and chief executive officer of StarBase. ''The evolution of StarTeam into an enterprise solution, combined with first tier consulting, implementation and support services that we have developed over the past year is paying off with significant wins such as this. Today's highly distributed enterprise infrastructures and growing dependence on the Internet create the need for an exceptional approach to Software Configuration Management (SCM) and Software Distribution. StarTeam has emerged as the unique and powerful solution to this challenge.''
William McManes, vice president of sales for StarBase stated, ''Technical collaboration and SCM are critical components of corporate productivity. This implementation is an excellent example of how large companies are recognizing that StarTeam can help them significantly increase their productivity, and improve their bottom line. The corporate adoption of StarTeam technology has always been the final measure of our success. We are very excited to gain the acceptance of a premier company like this and look forward to delivering on the productivity promise of true technical collaboration.''
About StarTeam
StarTeam, an integrated technical collaboration and software configuration management tool, is designed to significantly improve the performance of development teams. StarTeam provides remote developers with the ability to effectively manage and collaborate on enterprise-wide applications. StarTeam reflects a true client-server framework with its ability to inter-operate with most development environments.
About StarBase
StarBase Corporation, with headquarters in Santa Ana, California, offers a complete family of advanced Internet and Intranet-based technical collaboration and software configuration management tools for improving team productivity, including Year 2000 and Enterprise Program Management Office applications. StarTeam has won several awards including InfoWorld's 1997 ''Best of the Test Center,'' PCWeek's 1996 Analyst's Choice and PC Week's 1996 IT Excellence Award. Leading organizations such as Bank of America, Boeing, Dell Corporation, Intel Corporation, Sprint, and Xerox have chosen StarTeam to aid in their development projects. StarBase is located at 4 Hutton Centre Drive, Suite 800, Santa Ana, CA 92707. Tel: 714-445-4400. Fax: 714-445-4404. Visit StarBase's web site at www.starbase.com.
Forward Looking Statement
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, (vi) and other risks described in StarBase Corporation's SEC reports and filings.
StarBase and its product names are trademarks of StarBase Corporation. All other products are trademarks of their respective owners.
SOURCE: StarBase Corporation
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