September 28, 2006; 03:17 AM SANTA CLARA, Calif. AUSTIN, Texas - Sun Microsystems,
Inc. (NASDAQ: SUNW) and Neogent, Inc. announced that they have
entered into a definitive agreement pursuant to which Sun will acquire
Neogent, an identity management services automation company based in
Austin, Texas.
The combination of Sun's market-leading identity management solutions
with Neogent's deployment automation toolset will help Sun enterprise
customers dramatically improve identity management implementation times
while reducing implementation costs, as well as better address
compliance requirements for regulatory, security and privacy issues
such as the Sarbanes-Oxley Act, the Health Insurance Portability and
Affordability Act (HIPAA), Homeland Security Presidential Directive-12
and the Gramm-Leach-Bliley Act.
Sun is recognized as a global leader in identity management and
billions of user identities worldwide are managed by Sun identity
management products. Recently, Sun was positioned by Gartner in the
"Leaders" quadrant of the 1H06 User Provisioning Magic Quadrant report.
Gartner places companies in the "Leaders" quadrant based on their
completeness of vision and ability to execute.
The acquisition of Neogent will allow Sun to extend its leadership
position across the identity management platform and improve its
ability to offer customers fixed-price and packaged identity management
offerings that are repeatable and predictable with significantly
reduced deployment time. In addition, Sun partners will be able to
leverage Neogent deployment technologies and service expertise.
"Acquiring Neogent will expand Sun's resources and talent for
architecture and project oversight in the rapidly growing identity
business. Customers and partners will see dramatically increased speed
and accuracy in the deployment of identity services on the Solaris OS
and other popular operating systems, leading to a faster return on
their software investment," said Peter Weber, senior vice president,
Services Group, Sun Microsystems. "With Neogent's innovative deployment
methodologies, identity projects which could have taken customers over
a year may now be completed in as little as 45 days, giving Sun a
significant advantage over the competition."
As service and delivery experts in identity and access management
solutions, Neogent leverages Sun's market-leading identity management
software to help organizations streamline operations, reduce
administrative costs, and address security and compliance requirements
related to regulations like Sarbanes-Oxley and HIPPA.
Based on years of experience with the Sun Java Systems Identity
Management Suite, Neogent developed its Velocity Identity Package (VIP)
to reduce deployment time, ultimately providing customers with a
scalable, cost effective solution. Implementations from other identity
management vendors often take over a year, but with Neogent's VIP,
customers may complete their projects in as little as 45 days. This
announcement further underscores Sun's leadership in identity
management. The recently updated VIP product is believed to be the
first to combine user provisioning with identity auditing, bridging the
gap between IT security and auditors internally and externally, to stay
in compliance with critical wide-ranging local, state and federal
regulations.
"We are proud of our longtime partnership with Sun and are very excited
that Sun has chosen Neogent to expand its industry leading identity
software capabilities," said Bruce Douglas, chief executive officer,
Neogent. "Neogent's Velocity Identity Package (VIP) toolset is based on
repeatable process automation methodologies and is the perfect packaged
implementation service to complement Sun's identity portfolio."
This announcement comes on the heels of recent momentum in Sun Identity
Management, including the release of Sun Java System Identity Manager
7.0, and an agreement with Accenture to jointly develop
Identity-enabled Service-Oriented Architecture and composite
applications as well as create the Accenture Innovation Center for Sun
Solutions, which was announced on September 13, 2006 (http://www.sun.com/smi/Press/sunflash/2006-09/sunflash.20060913.5.xml).
The transaction is subject to customary closing conditions and is
expected to be completed in the second quarter of Sun's 2007 fiscal
year. The terms of the deal were not disclosed as the transaction is
immaterial to Sun's earnings per share.
About Neogent Inc.
Neogent helps mid-to-large sized enterprise organizations and
institutions implement Identity and Access Management (IAM) and
Enterprise Content Management (ECM) solutions for their businesses. Our
goal is to help our customers improve operational efficiencies, reduce
costs, and adhere to compliance mandates. We've proven success since
1999 throughout all industries. Our years of bringing customers return
on their technology investment has also inspired what we call our
Velocity Lab, where accelerator packages are created to help customers
benefit from fixed price implementations that are proven to
dramatically decrease implementation time and reduce the overall
delivery cost. We are also known globally for sharing our IAM knowledge
by offering technical and sales training for our partners, and
customers. For more information about Neogent, visit www.neogent.com.
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer" -- guides Sun in the
development of technologies that power the world's most important
markets. Sun's philosophy of sharing innovation and building
communities is at the forefront of the next wave of computing: the
Participation Age. Sun can be found in more than 100 countries and on
the Web at http://sun.com.
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