Puma Technology Announces Acquisition of ProxiNet.

SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 24, 1999--

Merged Technology Will Provide Real-Time Internet Access to Wireless

Devices; Open New Doors for Mobile E-Commerce and Instant

Messaging; Extend Corporate Intranets

Puma Technology, Inc. (Nasdaq:PUMA), a leading provider of mobile device management and synchronization software, announced that it has signed a definitive agreement to acquire ProxiNet, Inc., Emeryville, Calif., for 2,600,000 shares of Puma common stock to be issued in exchange for all issued and outstanding preferred and common shares of ProxiNet Inc., and assumption of all outstanding ProxiNet stock options. Closing of the merger is subject to certain closing conditions and approval by the shareholders of ProxiNet, although, certain affiliates of ProxiNet have agreed to vote their shares in favor of the merger. The merger is expected to be finalized in Puma's fiscal quarter ending October 31, 1999, and as a result, Puma expects to incur a one-time charge for in-process research and development for ProxiNet's products which have not yet reached technological feasibility.

Puma Technology believes that the acquisition has the potential to broaden the appeal of Internet-connected wireless devices and other Internet appliances. By combining Puma's Intellisync(R) synchronization platform with ProxiNet's highly scalable proxy-based transformation and delivery architecture, major Internet destinations such as portals, search-engines and e-commerce companies will have the means to provide highly secure, real-time access to users of handheld devices, cellular phones and other wireless devices and Internet appliances. Users will be able to browse information online, while simultaneously retrieving and synchronizing critical information, such as emails, calendar events, or shopping information for use while offline. The combined companies' solution eliminates the need to be constantly connected and online, enduring often unreliable or unavailable wireless connections and incurring expensive wireless charges. Puma plans to market this technology primarily to major Internet companies such as portals and e-commerce sites as well as to cellular carriers and other wireless providers.

"New wireless appliances are reaching consumers and business users at an accelerating rate," said Brad Rowe, Puma's President and CEO. "Until now, users of these devices have been unable to truly take advantage of Internet/intranet content or perform simple tasks that are easy to do from a PC, such as instant messaging or e-commerce. We plan to provide major Internet companies with the means to capture users from this fast-growing mobile and wireless sector. By combining our architectures, Puma will offer a rich set of capabilities and flexibility no other single provider can match."

"ProxiNet's strength is it's ability to provide fast, secure, real-time Internet access to mobile devices" said Ed Snyder, ProxiNet's President and CEO. "Integrating Puma's Intellisync and Satellite Forms(TM) technologies with ProxiWare(TM) and ProxiWeb(TM) will provide major destination websites with the ultimate connectivity model for addressing all classes of mobile users, from cell phones and pagers, to PDAs and other Internet appliances.

The forthcoming technology will also extend Puma's Intellisync Anywhere(TM) platform to provide highly secure, real-time access to corporate intranets and other web-enabled data that resides in major corporations.

PROXINET DELIVERS WEB CONTENT AND CORPORATE DATA ANYTIME,

ANYWHERE

ProxiNet's innovative technologies, which consist of the ProxiWare Server and ProxiWeb microbrowser, provide secure real-time access to the Internet and corporate intranets via handheld devices such as PDAs, cellular phones and pagers.

ProxiWare Server

At the heart of ProxiNet's technology is the ProxiWare Server -- a sophisticated transformation engine that turns HTML pages into live, interactive content uniquely reformatted for mobile devices. ProxiWare clears out web debris and specially optimizes web content on-the-fly for each different device. It maximizes network performance to enable the speedy transmission of web graphics over narrow wireless connections.

ProxiWare leverages a cluster computing architecture to provide a highly scalable solution for web page transformation and delivery to mobile devices without requiring re-authoring of the content. By performing all the "heavy lifting" functions, ProxiWare turns mobile devices into inexpensive web navigators. ProxiWare is the combination of ProxiNet's proprietary Smart Delivery System (SDS) and cluster computing, both of which were developed out of the DARPA-funded BARWAN (Bay Area Remote Wireless Access Network) research project at the University of California, Berkeley.

ProxiWeb

The ProxiWeb microbrowser brings pages from any Internet site or corporate intranet directly to a mobile device. In real-time, ProxiWare Server reformats text, graphics and colors to precisely fit the dimensions and profile of the handheld device; leaving the ProxiWeb microbrowser to merely render the pre-formatted data.

ProxiWeb is based on industry standards like HTML, XML, GIF and JPEG to allow full access to any standard web page. In addition, ProxiWeb is "e-commerce ready" by supporting end-to-end encryption using SSL and Triple-DES, making it an ideal solution for stock trading, buying merchandise and other e-commerce services.

ABOUT PUMA TECHNOLOGY

Puma Technology is a leading provider of mobile device management and synchronization software that enables consumers, mobile professionals and information technology officers in the corporate enterprise to harness the full capabilities of handheld organizers/computers, "smart phones" and other wireless personal communication platforms. The Puma Technology(R) Intellisync software platform is the global standard for synchronization and control of the critical connection between handheld devices and vast stores of information found in corporate databases, the Internet and individual desktops. Puma is the only company that provides an end-to-end PDA management solution that addresses virtually every scenario for synchronization, total customization of device-based applications, centralized backup, security, information flow control, notification, and browsing of critical information. The Company's Intellisync platform enables the management and development of software to make handheld devices true extensions of the corporate server, the Internet and individual desktops. The Intellisync platform enables mobile access to up-to-the-minute, accurate, "anytime, anywhere" information and has been adopted worldwide by individuals, companies, mobile device manufacturers, telecommunications carriers and on-line contact, calendar and event services. The Company, headquartered in San Jose, Calif., maintains a web site at www.pumatech.com.

The forward looking statements above in this news release are based on current expectations and beliefs and are subject to numerous risks and uncertainties that could cause the actual results to differ materially. Factors that could cause actual results to differ materially include uncertainty related to consummation of proposed acquisition, the ability to obtain shareholder approval, difficulties of integrating the two companies' operations, the timely availability and acceptance of new products and upgrades, the impact of competitive products and pricing, consummation of binding agreements with prospective business partners, as well as additional risk factors, as discussed in the "Risk Factors" section of Puma Technology's Annual Report on Form 10-K dated July 31, 1998, and Puma Technology's quarterly reports filed with the U.S. Securities and Exchange Commission. Puma Technology disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

Note to Editors: Puma Technology, Puma Technology logo, Intellisync, Satellite Forms and Intellisync Anywhere are trademarks of Puma Technology, Inc. which may be registered in some jurisdictions. ProxiWare and ProxiWeb are trademarks of ProxiNet, Inc. All other product or company names are trademarks of their respective owners.