10/13/2004 - M-Systems (Nasdaq: FLSH), the leading developer of USB flash drives and creators of the Smart DiskOnKey® platform, has broadened its application development expertise with the acquisition of Seaside Software. The deal provides M-Systems with Seaside Software's enterprise application technology and intellectual property, allowing M-Systems to deepen the flexibility of its USB flash drive devices and to continue to leverage the technology for future applications development which will be compatible with the recently announced standardized platform with SanDisk Corporation (September 7, 2004 http://www.m-systems.com/Content/Corporate/Press/prInfo.asp?id=682). Seaside Software's technology was integral to the creation of the KeyComputing Division's XkeyTM device and will continue to provide users and partners with exciting and innovative applications for this family of products.
"The Seaside Software acquisition allows M-Systems to deploy solutions into larger enterprise specific markets furthering application options for our DiskOnKey products," said Dov Moran president and CEO of M-Systems. "With Xkey we created and offered various applications to the USB flash drive market that will positively impact end-users in the enterprise sector with a reliable, secure and innovative appliance."
Seaside Software's core focus has been the development of portable cached applications that eliminate the impact of wide area networks (WAN) on network connectivity and application execution. Seaside Software's HiPerExchange technology provided the foundation for bringing secure portability to KeyComputing's revolutionary Xkey.
"USB flash drives continue to grow in popularity and we believe driving demand will be based on the ability to execute applications directly from the drive," said Arnon Dinur, vice president and general manager of M-Systems' DiskOnKey division. "To meet this demand we are developing applications today that will influence the evolution of the market."
Applications developed for DiskOnKey technology based devices include MyKey, KeySafe, boot, auto-run and read-only capabilities and the enterprise specific Xkey. For more information about existing applications please visit www.diskonkey.com.
About M-Systems' Smart DiskOnKey Platform
The Smart DiskOnKey platform offers partners unprecedented flexibility and ease-of-use to develop hardware specific applications along with the capabilities to implement software applications developed by third-party developers. Combined with the award-winning DiskOnKey product line, the Smart DiskOnKey platform offers trusted quality, reliability, ease-of-use, extreme security, and the industry's leading product warranty.
M-Systems designs, develops and markets innovative flash data storage solutions for digital consumer electronics markets. M-Systems primarily targets two fast-growing digital consumer electronics markets: the USB (universal serial bus) flash drive market with its DiskOnKey product and the multimedia mobile handset market with its Mobile DiskOnChip® products. For more information, please contact M-Systems at www.m-systems.com
About Seaside Software Corp.
Founded in 2000 and funded principally by Israel Seed Partners, Seaside Software Corp. designed and marketed innovative corporate messaging and other intranet applications for the corporate market. Additionally the company developed integrated software and hardware solutions that support multiple intranet and Internet standards as well as professional services. Seaside Software platforms and solutions provided seamless access to information, including Microsoft Exchange email, messaging, PIM, and Internet and intranet-based applications.
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