NetManage Announces Closing of Librados Acquisition.CUPERTINO, Calif. -- NetManage, Inc. (Nasdaq:NETM), experts in webifying host assets and accelerating deployment of critical applications into a Service-Oriented Architecture See SOA. , today announced that it has closed its acquisition of Librados, Inc., the developer of cost-effective and easy to implement standards-based enterprise application adapters A layer of software that converts the data from the application into a common form acceptable for integration with other applications. See application integration and integration server. , effective as of October 22, 2004. The two companies announced on September 22, 2004, that they had entered into a definitive agreement for NetManage to acquire Librados. In connection with the acquisition, David Richards David Richards may refer to:
"The completion of this acquisition further strengthens NetManage's leadership position and our ability to provide customers with a single, unified platform for accessing and leveraging corporate applications and information, supporting both modern Service-Oriented Architectures and 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. ," said Zvi Alon, chairman, president and CEO of NetManage. "NetManage has expanded its portfolio of solutions for customers needing to extend the reach of, and add value to, their existing legacy and enterprise applications, provide customers with a greater opportunity to lower total cost of ownership and reduce the risk associated with maintaining numerous point integration solutions. Further, this acquisition moves us deeper into the data integration marketplace as we now can offer integration with ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. applications such as SAP, Siebel, PeopleSoft, JDEdwards and Oracle," concluded Alon. Acquisition Overview Continue the open source business model. NetManage recognizes the attractiveness to independent software vendors of Librados' "no royalty payments" approach and the competitive advantage of offering open source to large corporate end users. Established vendors with maintenance revenue streams find it hard to compete with open source pricing. Scale up sales efforts. NetManage, with 480 of the Fortune 500 in its client base, has a global services organization and more than 70 direct sales people in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe -- together with more than 400 value-added resellers A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. and software integrator partners worldwide. This setup offers a substantial lift in market presence for Librados' products. Extend development work. The Librados team will exploit complementary NetManage technologies like OnWeb(R) and RUMBA(R) and continue to extend the range of J2EE-compliant adapters -- numbering more than 50 today. In particular, the group will focus efforts on duplicating the firm's current J2EE-based technology for the Microsoft market using the .NET environment. "NetManage's Librados purchase adds up for customers, bringing composite apps within reach of the masses," says George Lawrie, Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
(2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. and EAI (Enterprise Application Integration) Refers to various techniques used to share data and business processes in large enterprises. When companies acquire another organization, disparate information systems have to be made to work together. support for NetManage," concluded Lawrie. The acquisition brings NetManage significant new connectivity to a variety of back-end applications and data sources. As such, the Librados adapters strongly complement OnWeb and expand product capability and extend market opportunities to host and non-host based customer environments. The Librados adapters will be marketed and sold as a stand-alone product family, providing the ability for customers to immediately access transactions and information from a wide variety of enterprise applications. The Librados adapter technology will also be integrated into OnWeb, creating OnWeb connectors, which will be marketed and sold as part of the OnWeb product family. OnWeb server and OnWeb connectors create a solution whereby OnWeb acts as a composite application In computing, the term composite application expresses a perspective of software engineering that defines an application built by combining multiple services. People often compare composite applications to mashups. server, allowing customers to integrate various enterprise applications (including their existing host systems) into a new, single application. Librados(TM) Adapters The Librados product family offers over 50 JCA (1) (Java Cryptography Architecture) An umbrella term from Sun for implementing security functions for the Java platform. It includes Sun's Java Security API as well as the Java Cryptography Extension (JCE), which adds more programming interfaces for encryption Plus Adapters that provide integration to all of the major packaged enterprise applications such as SAP R/3, Siebel, PeopleSoft, Oracle and JD Edwards See J.D. Edwards. , in addition to adapters for all of the major databases, mainframe application environments, and file systems. A complete list of these adapters and details about their features and functionality can be found at http://www.netmanage.com/librados/products.php. "We are delighted that the acquisition is complete. We look forward to expanding market opportunities as we continue to drive the high costs out of the adapter business," said David Richards, vice president and general manager of the Librados product line of adapters. About Librados Adapters NetManage's suite of Librados adapters provide a cost-effective and easy to implement J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. standards-based adapter solution to meet the real-time integration needs of today's Web-enabled enterprise. A comprehensive range of application adapters exposes back-end enterprise application functionality in a wide variety of formats, including XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and Web services. NetManage is driving the prohibitive cost out of EAI by offering Librados adapters under a unique source code royalty-free license for ISVs. A low-cost server and site license options is also available for end customers, all with comprehensive maintenance and support. For more information about Librados adapters, visit www.netmanage.com/librados. About NetManage NetManage, Inc. (Nasdaq:NETM) webifies host assets and accelerates deployment of critical applications into a Service-Oriented Architecture. The NetManage Host Services Platform is a suite of products and shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. that gives you unprecedented flexibility and deployment speed when pursuing host and non-host based business initiatives. NetManage Rumba host access solutions increase user productivity while ensuring a smooth migration path to Web-based solutions. The OnWeb product family provides a continuum of solutions for customers needing to quickly and easily assimilate legacy assets into Web initiatives without the high cost of rewriting applications or changing back-end systems. The Librados product family provides cost-effective and easy to implement J2EE standards-based enterprise application adapters. Through a comprehensive suite of application adapters, back-end enterprise application functionality can be exposed in a wide variety of formats, such as XML and Web services. Founded in 1990, the Company has more than 10,000 customers including 480 of the Fortune 500. NetManage is headquartered in Cupertino, California, and has offices worldwide. For more information, visit www.netmanage.com. (C) 2004 NetManage, Inc., its subsidiaries, and its affiliates. All rights reserved. NetManage, the NetManage logo, the lizard-in-the-box logo, RUMBA, ONESTEP ONESTEP Ontario Network of Employment Skills Training Projects (Ontario, Canada) , ViewNow, SupportNow, OnWeb, Librados and the Librados Logo are either trademarks or registered trademarks of NetManage, Inc., its subsidiaries, and affiliates in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and/or other countries. All other trademarks are the property of their respective owners. This press release contains, in addition to historical information, forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, including statements regarding improvement in the Company's competitive position, improvement in financial results and business pipeline, the Company's positioning in the eBusiness market, and the progress and benefits of the Company's execution on its business plan. The Company's actual results could differ materially from the results discussed in the forward-looking statements. The factors that could cause or contribute to such differences include, among others, that the markets for the Company's products could grow more slowly than the Company or market analysts believe that the Company is unable to position itself to take advantage of growth in the eBusiness market, that the Company is unable to integrate or take advantage of its acquisitions successfully, or that the Company will not be able to take advantage of growth in the Company's target markets. In addition, there is no assurance that the Company will not suffer increased competitive pressures; and that corporate buying decisions will not be influenced by the actions of the Company's competitors or other market factors; or that the Company will continue to progress in the execution of its business plan. Additional information on these and other risk factors that could affect the Company's financial results is included in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , Forms 10-Q, Forms 8-K and other documents filed with the Securities and Exchange Commission. |
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