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Cisco, Netscape and PLATINUM Complete Strategic Equity Investment in Visigenic Software; Leading Companies Endorse Growing Middleware Provider.

SAN MATEO, Calif.--(BUSINESS WIRE)--May 28, 1996--Visigenic Software today announced that Cisco, Netscape Communications and PLATINUM have entered into a stock purchase agreement with Visigenic. The combined investments will provide Visigenic with up to $8,000,000. This infusion will enable Visigenic to pursue new opportunities associated with developing and managing distributed applications for the Internet, Intranet and enterprise networks.

Additionally, a portion of the funding from Cisco, Netscape and Platinum will be used to complete Visigenic's acquisition of PostModern Computing, which was announced on April 28, 1996. The acquisition is expected to close by the end of May and was accomplished using a combination of cash and Visigenic shares.

"We couldn't have better investors to help accelerate Visigenic's growth," said Roger J. Sippl, CEO of Visigenic. "As a strategic middleware company, we are providing ODBC and JDBC database connectivity products for all operating systems, and with the addition of the PostModern product line, we offer CORBA-based Object Request Brokers for C++ and Java. With this, we have become the premier middleware provider in terms of breadth of solutions for customers that are engaged in building distributed applications. We are very fortunate to have Cisco, Netscape and Platinum - the definitive authorities in networking, Internet software development and enterprise software - as corporate investors."

"We are pleased to be announcing our support for Visigenic," said Marc Andreessen, senior vice president of technology for Netscape Communications. "Their standards-based approach to database connectivity and distributed object messaging is making an important contribution to the readiness of corporate Internet and Intranet applications and fits well with Netscape's drive to expand the use of Intranets within the enterprise."

Visigenic Software develops enterprise-wide database connectivity software based on the ODBC API standard. Since its infancy, the company has been instrumental in making ODBC the de facto standard for application database connectivity across multiple platforms. Through an agreement with Microsoft, Visigenic has the exclusive right to license and port the ODBC SDK to all non-Windows platforms. Most recently, the company unveiled a database-independent client/server communication protocol as part of its new OpenChannel architecture and suite of products. Now with its acquisition of PostModern's leading object request broker technology, Visigenic will champion a new standard for distributed applications for the Internet and Intranets via the CORBA object model and the IIOP protocol.

"Our equity investment in Visigenic represents Cisco's endorsement of standards-based middleware for both software applications and network management products," said Ed Kozel, chief technical officer at Cisco Systems. "We plan to integrate Visigenic's technology into Cisco products to elevate the level of intelligence throughout the network."

"PLATINUM's strategic partnership with Visigenic represents the next logical step in our ongoing relationship," said Paul Humenansky, chief operating officer at PLATINUM. "We have already committed to incorporating Visigenic's OpenChannel into our own technology to provide transparent database access to heterogeneous data sources as well as secure Internet access to mainframe-based legacy data. Today's agreement will further leverage current and future synergism between the two companies."

About Visigenic Software, Inc.

The combined Visigenic and PostModern product offering comprises the most comprehensive set of standards-based middleware for developing and managing distributed applications for enterprise networks and Internet computing environments. Specific products include:

-- Visigenic's OpenChannel - the only complete database connectivity architecture that is open, flexible, and significantly reduces the cost of building and maintaining client/server applications. A revolutionary server-centric architecture simplifies database connectivity and improves data access control. Based on the ODBC standard used by Visual Basic, PowerBuilder and hundreds of other products, OpenChannel is database-independent, supports the JDBC API for Java applets and applications, and is Internet-ready.

-- Visigenic ODBC DriverSet - provides cross-platform access to multiple SQL databases with a single, standard API. The ODBC DriverSet is composed of drivers that provide access to enterprise-wide relational databases - including CA-Ingres, IBM DB2, Informix, Microsoft SQL Server, Oracle, Sybase DBLib and Sybase SQL Server 10 - from any ODBC-enabled application.

-- BlackWidow - the first Internet ORB developed entirely in the Java language. BlackWidow includes development tools for building distributed Java applications and a deployment environment that manages the interactions between the distributed application components using the standard IIOP protocol. BlackWidow applications can also communicate with C++ applications developed with ORBeline, PostModern's leading fault-tolerant object request broker, or any application developed with any CORBA 2.0-compliant ORBs.

-- ORBeline - a leading implementation of the Object Management Group's CORBA 2.0 specification. ORBeline offers a C++ code generator and runtime environment enabling communication of client and server application components running on heterogeneous platforms. ORBeline provides a native implementation of OMG's IIOP protocol, enabling out-of-the-box interoperability with all CORBA 2.0-compliant ORBs.

-- TPBroker - an implementation of OMG's Object Transaction Service that runs on top of ORBeline and supports efficient, object oriented transactions.

Visigenic Software, Inc. is the premier independent provider of standards-based database connectivity and distributed object messaging for developing and managing database applications within all enterprise and Internet computing environments. A unique combination of products, tools and services makes Visigenic the only complete cross-platform database connectivity solution provider. The company develops and markets a suite of products that support Windows, UNIX, Macintosh and OS/2 platforms, and C++ and Java environments including Visigenic OpenChannel, Visigenic ODBC DriverSets, Visigenic ODBC Software Development Kits, and Visigenic ODBC Test Suites. Visigenic recently agreed to merge with PostModern Computing Technologies and now also develops and markets a distributed object product line, enabling easy development and deployment of Internet and Intranet applications. These products include ORBeline, TPBroker for C++, and an all-Java Internet Orb. Founded by Roger Sippl in 1993, the company is headquartered in San Mateo, California. Additional information may be obtained via the World Wide Web at -0-

Note to Editors:

Visigenic is a registered trademark and OpenChannel is a trademark of Visigenic Software, Inc. ODBC is a trademark of Microsoft Corporation used under license by Visigenic. Sun, Sun Microsystems, Java, JDBC and JavaSoft are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and in other countries. All other trademarks are property of their respective owners.

CONTACT: Terry Langlais,

Visigenic Software, Inc.



Shannon Hall

The Horn Group

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Publication:Business Wire
Date:May 28, 1996
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