Printer Friendly

Starbase Acquires Genitor Corp.; Strategic Technology Acquisition Will Accelerate Starbase's Delivery of XML-Based Products.

Business Editors/High Tech Writers

SANTA ANA, Calif.--(BUSINESS WIRE)--June 21, 2000

Starbase Corp. (Nasdaq: SBAS), the leading provider of collaboration products for the creation and management of integrated code and content eBusiness applications, Wednesday announced it has acquired Genitor Corp., a privately-held company located in Ann Arbor, Mich.

Genitor is an innovative provider of advanced development tools for the documentation of Web applications, workgroup collaboration, rapid object development and re-engineering. The Genitor acquisition provides an innovative technology that will accelerate Starbase's XML-based product development. XML is a key emerging technology standard designed to increase productivity in both Web sites and B2B transactions. The stock for stock transaction is valued at approximately $2.45 million.

Starbase will integrate Genitor's technology and products into Starbase's growing family of eBusiness application development products. Genitor's core technology analyzes critical Web application code and content to provide a higher level of detail and analysis than is possible with more traditional tools. Genitor's technology will become an integral part of Starbase's XML technology foundation.

In addition, Genitor's original products, Surveyor and Object Construction Suite, will be incorporated into the StarTeam family, further extending the information sharing capabilities of Starbase's leading collaborative products used for the creation and management of code and content for mission-critical eBusiness applications.

According to research by the Gartner Group, it is estimated that by year-end 2000, 75 percent of Fortune 500 companies will use XML in at least one prototype application integration project, and 25 percent will use XML in a production application integration project. Also, Gartner estimates that during the next three years the volume of Internet application-to-application traffic will grow 10 times faster than application-to-person traffic and, most importantly, 80 percent of that traffic will be in XML format by 2003.

"Companies worldwide are developing a strong and interactive eBusiness Web presence," said William R. Stow III, president and chief executive officer of Starbase. "There are explosive growth opportunities for the first company that not only successfully brings to market high quality and scaleable product solutions that integrate collaborative code and content creation, but also provides solutions that imbed deeply into complementary products from the leading eBusiness infrastructure companies. With this acquisition, Starbase has positioned itself to maintain and extend its leadership position in the collaborative management of Web code and content. Most importantly, Genitor provides core, strategic technology that fits precisely into our overall strategy to be that first company to capture these explosive growth opportunities. Best-of-breed solutions based upon the innovative application of XML technology and strategic partnerships are clearly key."

"At Genitor Corporation, we developed powerful technologies for object-oriented programming and team collaboration," stated Genitor Chief Architect and Co-Founder, F. Andy Seidl. "With the highly scaleable e-collaboration infrastructure offered by StarTeam tools, and the addition of Genitor technology, I believe Starbase is uniquely positioned to bring to market fundamental and far reaching solutions to the eBusiness application development process. The importance of this core strategic acquisition cannot be overestimated."

"With this acquisition, as with the Premia acquisition earlier this year, the Starbase engineering team gains critical expertise and unsurpassed talent," said Alan Kucheck, vice president of engineering at Starbase. "The Genitor engineers, who have a proven track record of delivering technical excellence on schedule and on budget, have hit the ground running and are already making substantial progress in the integration of Genitor and Starbase technologies. The Starbase and Genitor engineering staff, many of whom are of chief architect caliber, provide our company with a world-class team."

About Genitor's Team

Genitor co-founders, Carol A. Seidl and F. Andy Seidl, have worked in the software development tool industry for more than 15 years, creating several award-winning products. In the mid 1980s they developed tools for change and configuration management that were licensed and redistributed by Unisys and Computer Associates. In the early 1990's, they began working on object-oriented programming and team collaboration technologies that subsequently formed the core products of Genitor Corp. At Starbase, the Seidls and other members of the Genitor development team will focus on advanced XML/OOP technologies for the Starbase family of products.

About Gartner

All information provided by GartnerGroup, in any form, is proprietary to GartnerGroup and is protected by U.S. and foreign laws governing intellectual property. All such information published by GartnerGroup or presented by its employees is copyright protected, inclusive of material appearing in a hard copy format, electronically or on the company's Web site. Since law does not require a copyright notice, the omission of the copyright notice by GartnerGroup does not invalidate copyright protection, and does not indicate that GartnerGroup authorizes the reproduction of such proprietary material.

GartnerGroup research data referenced by permission; XML Will Ultimately Pay for Itself in Application Integration Inside GartnerGroup June 9, 1999 and Web + XML = E-Business' Digital Dial Tone, Research Note dated Dec. 3, 1999.

About Starbase

Starbase is the leading provider of collaboration products for the creation and management of integrated code and content eBusiness applications. Collaboration is the simultaneous coordination, management and communication of geographically dispersed contributors of both code and content for eBusiness applications.

With more than 1,300 StarTeam customers worldwide, our technology supports the continuous cycle of creating, linking and managing digital assets, which comprise complex eBusiness applications. Starbase products enable users with differing technical and functional backgrounds to collaborate on the production of Web sites and eBusiness initiatives from multiple locations.

StarTeam, the company's flagship product, was labeled as "StarTeam fuels team exchange" in an early release review from InfoWorld in January 2000 and received "Two Thumbs Up" from New Media in May 1999 and Four Stars from Software Development in August 1999. Microsoft and CMP Media named Starbase the 25th fastest growing ISV for Windows in April 1999. StarTeam also received the "Best of the Test Center" award by InfoWorld in January 1998.

Companies and organizations, including leading corporations such as Lucent Technologies, Intel, BMC Software, Motorola, PepsiCo, Seagate Technology, Hollywood Entertainment, Reynolds & Reynolds Co.,, Oxygen Media, and Ann Taylor, have selected StarTeam to manage their eBusiness development projects. Starbase has headquarters at 4 Hutton Centre Drive, Suite 800, Santa Ana, CA 92707. Tel: 714/445-4400. Fax: 714/445-4404. Visit Starbase's Web site at

Starbase and its product names are trademarks of Starbase Corp. All other product and company names herein are trademarks of their respective owners.

Forward Looking Statements

When used in the preceding discussion, the words "believes, expects, or intend to" and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, (i) conditions in the general economy or the software industry, (ii) the timely development and market acceptance of products and technologies, (iii) competitive factors, (iv) demand for team productivity software products, (v) sell-through of products in the sales channel, and (vi) other risks described in Starbase Corp.'s SEC reports and filings.
COPYRIGHT 2000 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Jun 21, 2000
Previous Article:Economy Sparks Holiday Travel Despite High Gas Prices, AAA Says.
Next Article:Lifemark Corp. Announces New Contract for Its Lifemark at Home Subsidiary.

Related Articles
StarBase Signs Definitive Agreement to Acquire Premia Corporation.
Starbase Announces Partnership With SilverStream Software; Integrated Best-Of-Breed Solution Accelerates Delivery of Web Applications.
Starbase Corp. and Pretzel Logic Software Announce Partnership to Deliver Integrated End-to-End Web Development and Management System.
Starbase Corporation Provides Sequoia Software with Development Standard For XML - powered eBusiness Portal Solutions.
Sequoia Software's XML Portal Server Selected by Starbase Corporation;.
Starbase Signs Definitive Agreement To Acquire Technology Builders Inc.
Starbase Deploys Integrated Solution To Documentum's Internet-Scale Content Management Platform.
Starbase Announces SilverStream Application Server Integration; Integration Will Accelerate the Delivery of Web Applications To Multiple Platforms.
Starbase Announces StarTeam Elite; the First Change and Configuration Management Solution to Deliver Customizable Requirement-Driven Development...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters