Banyan Systems Completes Realignment of Its Switchboard Subsidiary's Relationship With America Online.WESTBORO, Mass.--(BUSINESS WIRE)--Dec. 10, 1998--Banyan See ePresence. Systems Incorporated (NASDAQ:BNYN BNYN - ePresence (stock symbol; formerly known as Banyan)) today announced that its majority-owned Internet subsidiary, Switchboard, Incorporated, completed the realignment of its business relationship with America Online (NYSE:AOL). The realignment began on August 28, 1998 when Banyan announced that Switchboard's White Pages See Web white pages and DIB. directory service contract with AOL would not be renewed at the end of November 1998, and that Switchboard's existing Yellow Pages agreement with AOL was among the items under review by both companies. As a result of this review, Switchboard's Yellow Pages contract with AOL will not be renewed when it expires at the end of 1998, although the two companies continue to work together in other areas, including AOL's Digital City business. AOL remains a minority investor with a 10 percent equity interest in Switchboard, Incorporated. Switchboard (www.switchboard.com) is the leading white and yellow pages directory on the Web according to Media Matrix, the foremost Internet traffic monitoring service. Offering comprehensive information, unmatched speed and innovative features, Switchboard is the on-line directory selected by Alta Vista See AltaVista., Bell Atlantic and GeoCities. About Banyan Systems Incorporated: Banyan Systems Incorporated (NASDAQ:BNYN), founded in 1983, is a leading provider of advanced enterprise solutions that integrate multi-vendor networking environments. Headquartered in Westboro, Massachusetts, USA, Banyan (http://www.banyan.com) supports hundreds of Fortune 1000 companies and government agencies worldwide with products and services that integrate core business applications and intranets creating highly reliable, easily managed, and secure global networks. The company also provides co-existence and migration services, secure and remote access for business applications and tools to deploy and manage intranets, directories and messaging. Its majority-owned Internet subsidiary, Switchboard, Inc. (http://www.switchboard.com) is the #1 on-line white and yellow pages directory. Banyan, VINES, StreetTalk An earlier directory service used in the VINES network operating system from Banyan Systems. Streettalk was always highly regarded and versions were also available for Windows NT. Streettalk Desktop was a 32-bit Windows client that let users create folders and keep track of shared documents. See ePresence. and BeyondMail An earlier Windows-based mail program from Banyan Systems that worked with Banyan's own Intelligent Messaging and Novell's MHS messaging systems. It included a variety of pre-formatted message forms that could be programmed to access ODBC-compliant databases directly. BeyondMail provided message distribution into selected folders and automatic filtering and forwarding. See ePresence. are registered trademarks of Banyan Systems Incorporated. StreetTalk is a product of Banyan Systems Incorporated and not a product of McCarthy, Crisanti & Maffei, Inc. |
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