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Press Release
Media Contacts:
Rick Myllenbeck
Sybase, Inc.
(510) 922-8506
rick.myllenbeck@sybase.com
Shirley Macbeth
Sybase, Inc.
(978) 287-2734
shirley.macbeth@sybase.com
FOR IMMEDIATE RELEASE
Sybase to Fuel Growth by Expanding Focus on Mobile and Wireless Solutions
Forms New iAnywhere Solutions Subsidiary; Makes Significant Investments in Wireless Opportunities
Emeryville, Calif. - May 17, 2000 - 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 Solutions 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 along with several other strategic investments in the wireless market unveiled today 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
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 Technology and Market 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
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
In a related announcement, Sybase today also unveiled the iAnywhere 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).
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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.
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