|[May 30, 2006]
SteelEye Technology Completes Merger with Japanese Open Source Leader Ten Art-ni Corporation
PALO ALTO, Calif. and TOKYO --(Business Wire)-- May 30, 2006 -- SteelEye Technology, Inc., the award-winning provider of software solutions for business continuity and disaster recovery on Linux and Windows, today announced that it has signed an agreement to merge with and become a wholly-owned subsidiary of Japanese business partner,Ten Art-ni, a Tokyo-based, publicly-traded (Tokyo Stock Exchange: TSE 3744) product and integration specialist.
Ten Art-ni is recognized throughout Japan as a leader in support and deployment of Linux and web application business solutions and is a five year business partner of SteelEye.
By merging their technical expertise, financial resources, business processes and partner relationships, Ten Art-ni and SteelEye will be positioned to better serve their customers, resellers and development partners and to grow the multi-national company into a global software and services leader.
SteelEye and Ten Art-ni will leverage their combined resources to deliver support for LifeKeeper solutions and to accelerate the development of expanded data and application protection product offerings on both Linux and Windows.
To be known as SteelEye in Europe and the Americas and as Ten Art-ni throughout Asia, the company has 220 employees and locations in Palo Alto CA (North American headquarters), Columbia SC (R&D), Raleigh NC (R&D), Cambridge UK (European headquarters) and Tokyo Japan (Asia and World headquarters).
"SteelEye and Ten Art-ni have shared a long and successful partnership which we will now extend into a merger of the two companies. We feel that combining our products, our personnel, our relationships with strategic partners and our brand recognition will result in a very powerful global software and services organization," said Nobuo Kita, President and CEO of Ten Art-ni Corporation.
"We feel our combined customers will benefit from our blend of technology leadership and proven strength in our respective markets," said Paul Adams, President of SteelEye. "The merger will leverage both companies' skills and technologies to take advantage of the burgeoning data protection and management market while protecting customers' investment in SteelEye's products."
SteelEye's flagship product, LifeKeeper, provides LAN and WAN-based, end-to-end data and application protection and enables companies of all sizes to ensure continuous availability of business-critical applications, servers and data. Viewed by industry experts as best in class, LifeKeeper most recently garnered LinuxWorld's 2005 Product Excellence Award for Best Clustering Solution and a Reader's Choice Award from Windows IT Pro magazine.
About SteelEye Technology
SteelEye is a leading provider of data and application availability management solutions for business continuity and disaster recovery. The SteelEye LifeKeeper family of application-focused data replication, high availability clustering and disaster recovery solutions are easy to deploy and operate, and enable enterprises of all sizes to ensure continuous availability of business-critical applications, servers and data.
To complement its software solutions, SteelEye also provides a full range of high availability consulting and professional services to assist organizations with the assessment, design and implementation of solutions for ensuring High Availability within their environments.
SteelEye was founded in 1999 and received funding from leading venture groups including Venrock Associates; Massey Burch Capital Corporation; Dali, Hook Partners and SAP Ventures. To learn more about The High Availability Experts at SteelEye, visit www.steeleye.com.
About Ten Art-ni
Ten Art-ni was founded in 1997 to create customer-focused IT solutions using open source technologies. The company is known as the first public company in Japan to offer the open source technology solutions for their enterprise customers.
Ten Art-ni was financially backed by leading global technology and venture capital groups including Otsuka Corp., Intel Pacific, Inc., NEC Corporation, Hewlett-Packard Japan, Ltd., SGI Japan, Ltd. and Oracle Corporation Japan before their successful IPO on the Tokyo Stock Exchange. With global headquarters in Tokyo, the company provides pre-development research, system analysis, design, development and support along with a wide range of Linux and Java software and hardware that it sells throughout Asia. Additional information on the company is available in English at http://www.10art-ni.co.jp/english
SteelEye Technology, SteelEye and LifeKeeper are registered trademarks of SteelEye Technology, Inc. Ten Art-ni is a registered trademark of Ten Art-ni Corporation. Linux is a registered trademark of Linus Torvalds. All 3rd party trademarks are the property of their respective owners.
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