@Road Agrees to Acquire Assets of Hynet Technologies; Purchase Expands Company's Delivery of Internet Content to Mobile Devices.Business Editors FREMONT, Calif.--(BUSINESS WIRE)--March 29, 2000 @Road Inc., Wednesday announced that it has agreed to acquire substantially all the assets of Mountain View-based Hynet Technologies, a leading provider of Dynamic Customer Content (DCC (1) (Direct Cable Connection) A Windows 95/98 feature that allows PCs to be cabled together for data transfer. DCC actually sets up a network connection between the two machines. ) solutions, XML-based content management, and transformation solutions for delivering personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. content to Internet devices. The transaction will enable @Road to deliver Internet information services See IIS. to its mobile customers through a variety of wireless devices. The assets @Road is acquiring include myWeb2Go.com, an Internet technology providing personalized Web content to mobile devices, plus all of the intellectual property, patents and software related to Dynamic Customer Content. The consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of the transaction is subject to the receipt of necessary governmental consents and the satisfaction of other customary conditions to closing. "Hynet's content delivery technology complements our own patented location technology for integrating GPS, wireless data networks and the Internet," said Krish Panu, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of @Road. "We believe that this acquisition will enable us to provide businesses and individuals with the information they need wherever they are." @Road launched the first of its Internet-based services in 1999 with the introduction of FleetASAP(SM), a vehicle management service accessed through the Internet. FleetASAP currently provides vehicle location, dispatching, computer-generated reports on time, mileage MILEAGE. A compensation allowed by law to officers, for their trouble and expenses in travelling on public business. 2. The mileage allowed to members of congress, is eight dollars for every twenty miles of estimated distance, by the most usual roads, from his and stops, plus other fleet management tools. It is expected that the acquisition of the assets of Hynet will give FleetASAP customers additional location-specific information such as news, traffic and weather conditions, as well as access to customized business and general information, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Panu. About @Road, Inc. Based in Fremont, @Road is a leading Internet information services company that delivers location-specific e-commerce solutions for businesses and consumers on the move. FleetASAP, powered by @Road, is the first of these solutions, offering fleet management through the Internet -- anywhere, anytime. For more information, visit the @Road Web site at www.atroad.com. @Road, the @Road logo, FleetASAP, iLM1000, iLM2000, and iDT2000 are trademarks and/or service marks of @Road, Inc. myWeb2Go.com is a trademark of Hynet Technologies. |
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