Sun Microsystems Agrees to Acquire Nauticus Networks

1/21/2004 - Sun Microsystems, Inc. (NASDAQ: SUNW) announced that Sun has entered into a definitive agreement to acquire Nauticus Networks, a privately-held company based in Framingham, Massachusetts. Nauticus Networks' technologies provide a high-performance content-switch, including SSL, security, load-balancing and virtualization, that will be key components of Sun's volume systems strategy to enable massive horizontal scalability. As part of Sun's initiative, Nauticus Networks will be instrumental in the convergence of compute and network services. This convergence will give customers better integration of their throughput compute environment and allow them to easily develop new network services.

Pursuant to the terms of the agreement, Sun will acquire Nauticus Networks in an all cash transaction. The acquisition is expected to close in the third quarter of Sun's 2004 fiscal year. This acquisition is subject to customary closing conditions. Following completion of the acquisition, Nauticus Networks will become an integral part of Sun's Volume Systems Products organization under the leadership of Neil Knox, executive vice president, Volume Systems Products.

"As part of Sun's Volume Systems Products initiatives, Nauticus Networks will be instrumental in converging compute and network services in horizontally-scaled server platforms. This convergence will give customers better integration of their network computing environment and will allow the development of new network services,' said Neil Knox, executive vice president, Volume Systems Products, Sun Microsystems Inc. "Combining intelligent, next generation content switching technology with Sun's volume systems strategy helps customers attack cost and complexity and simplify system administration."

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, and The Network Is The Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.

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