Adobe Extends Commitment to XML Standards with Acquisition of Yellow Dragon Software.
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 10, 2003
Acquired Technology Assets Enable Native ebXML Support in
Adobe's Intelligent Document Platform and Streamline Collaboration
Across the Extended Enterprise
Adobe Systems Incorporated (Nasdaq:ADBE) today announced that it has acquired the technology assets of privately held Yellow Dragon Software, a developer of XML messaging and metadata management software. The acquisition will deliver technology that further strengthens Adobe's XML architecture, which enables businesses and governments to combine the powerful data and business logic capabilities of XML with the rich presentation and enhanced security capabilities of Adobe(R) Portable Document Format (PDF).
Based in Vancouver, British Columbia, Yellow Dragon provides a commercial, off-the-shelf ebXML (Electronic Business eXtensible Markup Language) solution using an XML registry, as well as a messaging product, for reliably delivering XML messages between servers. The ebXML specification is a technical framework for using XML in a consistent manner in the exchange of electronic business data. By enabling native support for ebXML transactions within the Adobe(R) Intelligent Document Platform and PDF, Adobe is making it faster and easier for organizations to automate their external business processes and protect their investments using open standards. Adobe plans to integrate this technology into its server products next year.
"The addition of Yellow Dragon is a powerful extension to the Adobe Intelligent Document Platform," said Ivan Koon, senior vice president at Adobe. "We believe Yellow Dragon's technology will enable us to offer XML functionality which will be mandated by governments and businesses over the next few years. We also gain experienced engineers who are active in the XML standards arena, and who helped define the ebXML standard."
"The core team at Yellow Dragon has been involved in the XML standards effort since the beginning," said Duane Nickull, executive vice president and co-founder of Yellow Dragon. "Joining the Adobe team will help ensure that our XML technologies enjoy broad adoption as the need for document services grows in the market. We look forward to continuing to deliver new XML technologies that will solve customers' document problems."
Sponsored by the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and the Organization for the Advancement of Structured Information Standards (OASIS), ebXML is a globally developed open XML specification that provides a standard method to exchange business messages, conduct trading relationships, communicate data in common terms, and define and register business processes. The ebXML standard is being widely adopted by governments and manufacturers worldwide.
Adobe believes this acquisition will not have a material financial impact on the company.
Forward Looking Statements Disclosure
This press release contains forward looking statements, including those related to revenue, strategies, goals, outlook and product releases, which involve risks and uncertainties that could cause actual results to differ materially. Factors that might cause or contribute to such differences include, but are not limited to: general economic or political conditions in any of the major countries in which we do business, introduction of new products by existing and new competitors, delays in development or shipment of our new products or major new versions of existing products, difficulties in developing strategic alliances, difficulties in transitions to new business models or markets, including the enterprise, consumer and creative professional markets, changes to our distribution channel, inability to attract and retain key personnel, lack of market acceptance of new products and upgrades, changes in demand for application software, computers and printers, sales price adjustments, intellectual property disputes and litigation, industry transitions to new business models, renegotiation or termination of royalty or intellectual property licensing arrangements, changes in accounting rules, and market risks associated with our equity investments. For further discussion of these and other risks and uncertainties, individuals should refer to the Company's SEC filings, including the 2002 annual report on Form 10-K and quarterly reports on Form 10-Q filed in 2003. The Company does not undertake an obligation to update forward looking statements.
About Yellow Dragon Software
Yellow Dragon Software provides messaging and metadata management software for Service Oriented Architectures (SOAs), including ebXML, Web Services and others. Yellow Dragon is an active member of the ebXML community, and several of its personnel are prominent participants in the standardization activities within the W3C, OASIS, UN/CEFACT and OAG. Yellow Dragon's headquarters are located in Vancouver, BC. To find out more about Yellow Dragon, visit www.yellowdragonsoft.com.
About Adobe Systems Incorporated
Adobe helps people and businesses communicate better through its world-leading digital imaging, design and document technology platforms for consumers, creative professionals and enterprises. Adobe's revenue in the last fiscal year exceeded $1 billion. For more information about Adobe, visit www.adobe.com.
Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.
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|Date:||Nov 10, 2003|
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