11/19/2003 - Sun Microsystems, Inc. (NASDAQ: SUNW) announced that it has entered into an agreement to acquire Waveset Technologies, Inc., a privately-held company based in Austin, Texas. The acquisition of Waveset is expected to expand the Sun Java Enterprise System capabilities by centralizing and automating the management of any entity ranging from employee, customer and partner identities to devices and RFID tags, across and between enterprises. Waveset's software is designed to automate the processes that govern access to enterprise systems and data while greatly reducing the cost and complexity of identity management. Identity management is the foundation for Network Computing and how secure services are enabled, provisioned, managed and delivered.
Waveset's secure identity management offering includes Waveset Lighthouse Provisioning Manager, an automated provisioning solution; Waveset Lighthouse Password Manager, a self-service password management solution; Waveset Lighthouse Identity Broker; an identity profile management solution; and Waveset Directory Master, a directory management solution. Waveset customers include 7-Eleven, Circuit City, Kraft Foods, Merrill Lynch and the U.S. Department of Defense.
"Security, access and automation are critical enablers of a shared services world ," said Jonathan Schwartz, executive vice president, software, Sun Microsystems Inc. "This acquisition adds another compelling advantage to the Java Enterprise System, and raises the bar for competitors that lack the breadth and excellence to deliver an operating system and leading network services across Intel, Opteron and SPARC® architectures. The addition of Waveset and its proven management team will be key enablers to expanding Sun's leadership."
Pursuant to the terms of the agreement, Sun will acquire Waveset in an all cash transaction. The acquisition is expected to close in the second quarter of Sun's 2004 fiscal year, ending December 28th, 2003. This acquisition is subject to customary closing conditions, including regulatory approvals. Following completion of the acquisition, Waveset will become an integral part of Sun's Software organization under the leadership of Jonathan Schwartz, executive vice president, software.
Waveset's products will be integrated with Sun's current Identity Management offering, Java System Network Identity Services, which provides customers with end-to-end life-cycle management capabilities by harnessing the power of key components such as Java System Directory Server, Java System Meta Directory Server and Java System Identity Server, as well as the Java Desktop System and Java Card technology. Similarly, Waveset executives and staff will play important roles in Sun's identity related initiatives, by applying their proven management skills to further accelerate Sun's success in this area.
"Sun has long been a recognized leader in directory services, standards initiatives and industry innovation," said Mark McClain, president and founder, Waveset Technologies, Inc. "Through this acquisition, Sun is making a bold statement about its commitment to and ability to win in the identity management space."
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com
Sun, Sun Microsystems, the Sun logo, Java and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.
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