AmberPoint Bolsters Technology and Expertise with Acquisition of CrossWeave; Web Services Leader Extends Management Capabilities, Partnerships and Funding.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--March 11, 2003 AmberPoint, Inc., today announced it has acquired privately held CrossWeave, Inc., a pioneering application integration solutions provider. With this acquisition, AmberPoint gains new proficiencies and enabling technology that will enhance its Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. management offering and grow its customer base. AmberPoint provides solutions that bring enterprise-grade management, monitoring and security capabilities to Web services-based systems. "CrossWeave brings additional world-class products and expertise in distributed computing (1) The use of multiple computers networked throughout a wide geographical area, or the world via the Internet, in order to solve a single problem. See grid computing. (2) The use of multiple computers in an enterprise rather than one centralized system. to AmberPoint, extending our management solutions, growing our pool of funding and expanding our revenue potential," said John Hubinger, AmberPoint 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. . "Acquiring CrossWeave will enable us to deliver greater value to enterprise customers that must manage complex, distributed Web services systems, and will open new avenues for partnerships with such Web services leaders as BEA BEA - Basic programming Environment for interactive-graphical Applications, from Siemens-Nixdorf. and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) ." CrossWeave's executive team pioneered composite applications, allowing companies to integrate web applications for use in numerous environments, such as portals, management consoles, e-procurement and CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. desktops. CrossWeave solutions enable companies to repurpose and combine web applications, integrate internal and external applications, and Web services-enable their existing applications. "The nature of Web services environments calls for centralized management of highly distributed, federated Connected and treated as one. See federated database and federated directories. components," said Paul Butterworth, AmberPoint chief technology officer. "By bringing together AmberPoint's leading Web services management solutions and CrossWeave's composite applications technology, we open up new possibilities for creating Web services-based systems that deliver greater business value." "We're impressed with AmberPoint's products and the management team's ability to gain rapid traction in the Web services market," said Sean Fitts, CrossWeave co-founder and chief technology officer. "CrossWeave's experience in building services-based software is a powerful complement to AmberPoint's capabilities. Combining our technology and our expertise will result in solutions that enable companies to better manage and secure their Web services implementations." The acquisition comes on the heels of AmberPoint's recently announced development agreement with Microsoft. AmberPoint continues to forge high-caliber relationships with leading software companies, such as BEA, IBM, Microsoft and Sun, in addition to growing its customer base with marquee companies such as Boeing, British American Tobacco British American Tobacco Plc (LSE: BATS, AMEX: BTI, KLSE: BAT) is the second largest listed tobacco company in the world. It is based in London, England and is a constituent of the FTSE 100 Index with a market capitalisation of over £29 billion as of June 2005. , Fujitsu, MetLife and TransCanada. The industry has recognized AmberPoint for its technology and market leadership including the Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: Top Innovator and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Business Times HotTech awards. About AmberPoint AmberPoint Inc., a pioneer in Web services management, offers the most comprehensive solutions for making Web services production-ready, business-ready and easily manageable. With its modular, architecture-independent design, AmberPoint radically simplifies the management and evolution of business solutions built on Web services. AmberPoint's Customer Experience Group delivers services to ensure successful deployment and use of all AmberPoint software. Founded in 2001, AmberPoint is privately held with venture backing from Crosslink Capital, Norwest Venture Partners and Sutter Hill Ventures. AmberPoint corporate headquarters are located in Oakland, Calif. For more information, contact AmberPoint at 510/663-6300 or info@amberpoint.com, or visit the company Web site at http://www.amberpoint.com/. |
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