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SANTA CLARA
APRIL 13, 2007
Sun Microsystems Inc. and SavaJe Technologies announced that the two
companies have entered into a definitive agreement in which Sun will buy out
SavaJe's intellectual property assets. Details on the acquisition of these
assets will be unveiled at the annual JavaOne Conference being held in San
Francisco from May 8-11, 2007.
The transaction is subject to customary closing conditions and is expected to
close in 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.
SavaJe Technologies delivers the Mobile Java Platform Experience. The
company's SavaJe Mobile Platform 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. Page(s) 1
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