SANTA CLARA, Calif., April 12 -- Sun Microsystems, Inc. (NASDAQ:SUNW) and SavaJe Technologies today announced that the two companies have entered into a definitive agreement pursuant to which Sun will acquire SavaJe's intellectual property assets. Additional information regarding the acquisition of these assets will be unveiled at the annual JavaOne Conference being held in San Francisco, May 8-11, 2007. For more information about the JavaOne conference, please visit java.sun.com/javaone. The transaction is subject to customary closing conditions and is expected to be completed during the fourth quarter of Sun's 2007 fiscal year which began on April 2, 2007. The terms of the deal were not disclosed as the transaction is immaterial to Sun's earnings per share.
About SavaJe Technologies
SavaJe Technologies delivers the Mobile Java Platform Experience. The company's SavaJe Mobile Platform(TM) radically simplifies and accelerates the development of highly customizable, richly branded and secure user interfaces across mobile feature phone handsets. This enables operators and manufacturers for the first time to fully exploit the branding, marketing and revenue potential of mobile phones.
SavaJe Technologies is a privately held company, which has been funded by leading venture capital firms, including Ridgewood Capital. SavaJe maintains global headquarters in Chelmsford, Massachusetts.
About Sun Microsystems, Inc.
A singular vision -- "The Network Is The Computer(TM)" -- 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/.
Industry Analyst Contact:
Source: Sun Microsystems, Inc.
Web site: http://sun.com/