SUN MICROSYSTEMS TO ACQUIRE INFRASEARCH; ENHANCES PROJECT JUXTAPOSE EFFORTS
WITH INNOVATIVE P2P SEARCH TECHNOLOGY
PALO ALTO, Calif. - March 6, 2001 -- Sun Microsystems, Inc. (NASDAQ: SUNW) today announced that it has signed an agreement to acquire InfraSearch, Inc. a privately held company based in Burlingame, California. InfraSearch is a leading innovator of peer-to-peer (P2P) searching technology. With this acquisition, Sun intends to strengthen and accelerate efforts within Bill Joy's Project Juxtapose (JXTA) -- an incubation research effort addressing new styles of distributed computing, which was discussed at the O'Reilly P2P Conference.
Sun intends that its JXTA research efforts in peer-to-peer computing will address the network fundamentals of searching, sharing, and storing information which are key to utilizing the power of the Internet. The technology under development by InfraSearch is a fully-distributed, peer-to-peer search engine that has the ability to return richer and more timely content on the Internet.
Under the terms of the agreement, Sun will acquire InfraSearch in a stock-for-stock transaction. This acquisition will be accounted for as a purchase and in-process R&D charges are expected to be immaterial. This acquisition is subject to customary closing conditions. Following completion of the acquisition, Sun plans to make InfraSearch a part of Sun's Project Juxtapose based in San Francisco, led by Vice President Mike Clary.
"Sun has always been a leading innovator and has invested heavily in technology that supports network computing; P2P is one viable style of network computing", said Mike Clary, vice president, Sun Microsystems, Inc. "Searching is a fundamental component needed to create compelling P2P applications. The acquisition of InfraSearch will help accelerate and foster Project Juxtapose into a meaningful community effort."
"The high profile recognition InfraSearch's technology received so soon after its founding was truly phenomenal", said Gene Kan, CEO, InfraSearch,Inc. "To have Bill Joy, a great computer scientist and Internet visionary, incorporate this into Sun's vision of the Internet is immense."
About Project JXTA Project Juxtapose (JXTA), led by Sun's Bill Joy, is one of many research/labs projects across Sun. JXTA is an incubation research effort addressing new styles of distributed computing such as peer-to-peer technology.
About InfraSearch, Inc. InfraSearch, headquartered in Burlingame, CA, is a privately held company founded in June, 2000. InfraSearch developed the innovative peer-to-peer technology called OpenSearch and can be found on the web at www.gonesilent.com.
About Sun Microsystems, Inc. Since its inception in 1982, a singular vision - The Network Is The Computer[tm] -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW), to its position as a leading provider of industrial-strength hardware, software and services that power the Internet and allow companies worldwide to dot-com their businesses. With $17.6 billion in annual revenues, Sun can be found in more than 170 countries and on the World Wide Web at http://sun.com.
This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:13:30 PDT