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PRODUCT
PRESS RELEASE Rick
Myllenbeck Shirley
Macbeth SYBASE
TO FUEL GROWTH BY EXPANDING FOCUS ON Mobile and Wireless SOLUTIONS Forms New iAnywhere Solutions Subsidiary; Makes Significant Investments in Wireless Opportunities Emeryville,
CA May 17, 2000 ¾ As a part of its strategic corporate growth plans for
mobile and wireless computing, Enterprise Portals and vertical solutions,
Sybase, Inc., (NASDAQ: SYBS) today outlined an aggressive move to capitalize
on its established leadership and fuel new growth opportunities in the
mobile and wireless arena. Sybase today announced the formation of iAnywhere
Solutionsä Inc., a wholly-owned subsidiary dedicated to becoming the
premier provider of mobile and wireless e-Business, or “m-Business,”
products and services. “The formation of iAnywhere Solutions ¾ along with several other strategic investments in the wireless market unveiled today ¾ is expected to create more value for Sybase shareholders, customers and employees,” said John Chen, chairman, president and CEO of Sybase, Inc. “This follows the formation of Financial Fusion Inc., another Sybase subsidiary created late last year, and is part of our plan to leverage Sybase’s leadership position in key markets. The flexibility and focus enables Sybase to aggressively pursue new investment, partnership and technology opportunities in high growth markets. iAnywhere
Solutions will incorporate Sybase’s Mobile and Embedded Computing
division, and will be led by Terry Stepien, newly appointed president,
reporting directly to Chen. Sybase’s Mobile and Embedded Computing
division has experienced rapid growth under Stepien’s leadership, with 61
percent marketshare,* four-year market leadership* and more than five
million deployed seats of its market leading mobile computing solution.
(*Source: GartnerGroup’s Dataquest) “Currently
fewer than five percent of corporations have actually enabled their
applications for wireless users. We expect this to grow to 10-15 percent
within one to two years, and 25-35 percent in two to three years,” said
Jack Gold, vice president of META Group. “Companies that fail to enable
wireless extensions during the next 12-18 months risk losing customers to
competitors that do. Most will require assistance in developing and
deploying mobile extensions, as they lack the required resources and
technical expertise (e.g., security, transcoding, analytics,
synchronization, application integration).” With
the formation of iAnywhere Solutions, Sybase is well positioned to focus on
strategic areas that will enable its leadership in the m-Business market.
These areas include investment strategies, strategic alliances and
partnerships, and technology research and development. Initial plans
include: ·
Investment Strategies ¾ To accelerate the development of m-Business
solutions, Sybase today introduced an “Innovation Fund” for wireless
enterprise solutions, such as e-Commerce, e-Health and telecommunications
(please see related announcement, “Sybase Announces $50 Million Investment
Fund to Capitalize on Fast Moving e-Business Opportunities”). In addition,
Sybase is making significant investments in iAnywhere Solutions’ R&D,
marketing, support and services worldwide, including facilities and
personnel. ·
Strategic Alliances and Partnerships ¾ iAnywhere Solutions plans to pursue
new strategic alliances and partnerships in support of emerging m-Business
opportunities. This will build on Sybase’s significant partner base of
more than 500 mobile and embedded computing OEM partners, and community of
more than 10,000 developers of its mobile technology. ·
Technology Research and Development ¾ In a related announcement, Sybase
today also unveiled the iAnywhereä Wireless Server, a new server-based
product focused on enabling “always available” wireless solutions for
the enterprise (please see “Sybase Brings Wireless Solutions to the
Enterprise with New iAnywhere Wireless Server”). For more information on iAnywhere Solutions Inc., please visit: www.sybase.com/ianywheresolutions. About Sybase, Inc.
Headquartered
in Emeryville, CA, Sybase, Inc., is one of the largest global independent
software companies. Sybase helps businesses integrate, manage and
deliver applications, content and data anywhere they are needed. The
company's products, combined with its world-class professional services and
partner technologies, provide a comprehensive platform for integrated,
end-to-end solutions in mobile and embedded computing, data warehousing and
Web environments. Sybase focuses especially on Enterprise Portal (EP)
solutions, which give businesses the ability to extend their enterprise to
customers, partners and suppliers by converting stored data into useful
information, that can be organized, integrated and personalized for use
anywhere at anytime. Sybase customers represent the industries leading
the global economy, with strong concentrations in financial services, public
sector, telecommunications and healthcare. The company’s Web address
is http://www.sybase.com. Special
Note: Statements concerning Sybase's future growth, prospects,
operating results and future products are by nature forward-looking
statements that involve a number of uncertainties and risks and cannot be
guaranteed. The words “anticipate,” “believe,” “estimate,”
"expect,” “intend,” “will,” and similar expressions relating
to Sybase and its management may identify forward-looking statements. Such
statements are intended to reflect Sybase's current views with respect to
future events and may ultimately prove to be incorrect or false. Factors
that could ultimately affect such statements include sales productivity,
possible disruptive effects of organizational changes; shifts in customer or
market demand for the Company’s products and services; public perception
of the Company, its technology vision and future prospects; rapid
technological changes; competitive factors; delays in scheduled product
availability dates (which could result from various occurrences including
development or testing difficulties, software errors, shortages in
appropriately skilled software engineers and project management problems);
interoperability of the Company's products with other software products, and
other risks detailed from time to time in the Company’s Securities and
Exchange Commission filings, including but not limited to its annual report
on Form 10-K and its quarterly reports on Form 10-Q (copies of which can be
viewed on the Company's web site). iAnywhere,
iAnywhere Solutions and Sybase are trademarks or registered trademarks of
Sybase, Inc. or its subsidiaries. All other company and product names
mentioned may be trademarks of the respective companies with which they are
associated. (Dedicated to providing comprehensive information to mobile computing community of IT professionals, user organizations, and vendors) |
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