BBN completes SURAnet acquisition.

CAMBRIDGE, Mass.--(BUSINESS WIRE)--April 4, 1995--Bolt Beranek and Newman Inc. (NYSE:BBN) announced today that it has completed its acquisition of the SURAnet Internet service organization from the Southeastern Universities Research Association (SURA).

BBN has acquired substantially all of the SURAnet assets fora approximately $13 million in cash and the assumption of certain operating liabilities. The agreement was signed on March 7, pending government approval and the meeting of other conditions.

With this acquisition, BBN, through its BBN Planet Corp. subsidiary, has broadened significantly its share of the Internet services market. BBN Planet NEARNET, BARRNET and SURAnet operations combined provide managed Internet access and value-added services, including network integration, monitoring and training, to more than 1,100 businesses and organizations in the U.S.

BBN is a leading provider of internetworking technology and services that help people work and learn together. Last fall, BBN celebrated the 25th anniversary of its development of ARPANET, which led to the modern Internet. For its fiscal year ended June 30, 1994, the company had revenue of $196 million.

CONTACT: BBN Inc., Cambridge

Peter W. Thonis, 617/873-3512

Internet: [e-mail]