Casio Agrees To Make Multi-Million dollar
investment In iAnywhere Solutions To Boost Mobile and Wireless
Development
Companies to Drive Market for Windows CE-based m-Business Solutions
Emeryville, CA-July 9, 2001-iAnywhere Solutions, Inc., the market leading
mobile and wireless subsidiary of Sybase, Inc. (NYSE: SY), today announced
that Casio Computer Co., Ltd., one of the world's leading consumer electronics companies, has agreed to invest $5 million in the company's
convertible preferred stock.
Casio's investment, which is expected to fund within the next 30 days, will
allow iAnywhere Solutions to extend its mobile and wireless application
development efforts to drive the market for m-Business solutions. Today's
announcement underscores an already strong strategic relationship between
the companies that is focused on enabling solutions for iAnywhere Solutions'
m-Business platform and Casio's Windows CE-business handheld devices. "We are excited by Casio's agreement to invest in iAnywhere Solutions, since
Casio's brand recognition and global reach both validate and enhance
iAnywhere Solutions' m-Business leadership," said Terry Stepien, president
of iAnywhere Solutions. "As Casio deepens its commitment to enabling
mobile solutions for enterprise customers, iAnywhere Solutions will be there
alongside them helping to grow market share."
"Casio's investment in iAnywhere Solutions will mark a significant milestone in Sybase's ongoing strategy to team with industry leaders to
boost our presence in high growth markets, such as mobile and wireless
computing, e-Business portals, and vertical solutions," added John Chen,
chairman, president and CEO of Sybase, Inc. "Anytime a worldwide leader
partners with a Sybase company, it bolsters the image and value of that
company and Sybase as a whole."
"To further extend our leadership in the rapidly expanding market for mobile
business devices, Casio is making aggressive efforts to expand its Mobile
Network Solutions business by both developing devices with competitive
features and pursuing strategic alliances with key industry players," remarked Kazuo Kashio, president of Casio Computer Co., Ltd. "Last year,
Casio formed a global strategic alliance with mobile database leader iAnywhere Solutions, Inc. The investment announced today further solidifies
this relationship and strengthens our market position in the mobile and
wireless enterprise markets. We expect the relationship with iAnywhere
Solutions to provide significant new benefits for our customers."
"The iAnywhere Solutions initiative will allow Casio to provide robust
mobile database applications uniquely tailored to a wide variety of our
mobile devices. Working in partnership with iAnywhere Solutions, Casio can
provide our enterprise customers with secure, wireless connectivity and
mobile applications that will improve mobile productivity for both large and
small companies," said Gary Rado, president of Casio, Inc. iAnywhere Solutions and Casio: Extending a Successful Relationship
The companies already enjoy a successful relationship in jointly marketing
and delivering m-Business solutions worldwide, targeting markets such as
financial services, healthcare, sales force automation (SFA) and field force
automation (FFA). Casio embeds iAnywhere Solutions' market-leading mobile
database and enterprise synchronization technology, SQL Anywhere Studio, on
Casio's business handheld devices such as the Cassiopeia EG-800 and IT-70/IT-700. iAnywhere Solutions is also developing applications targeting
Casio devices based on iAnywhere m-Business Studio, a comprehensive, integrated software package for extending the reach of e-Business
applications, enterprise data and Internet content to mobile and wireless
devices.
The companies' joint technology will be used to power a wireless golf
scoring application at the Sybase Big Apple Classic Celebrity Pro-Am Tournament on July 16, 2001.
"Our clients in telecommunications, healthcare and m-commerce are demanding
the ability to extend their enterprises beyond the walls of the
corporation," said Joe Cardinale, general manager, Web & Wireless Solutions
at Teoco Corporation, a Fairfax, VA-based systems integrator. "We feel that
the combination of iAnywhere Solutions' powerful mobile and wireless technology with the innovative Cassiopeia handheld devices provides an ideal
platform to power a variety of applications ? from equipment maintenance to
field force automation."