Sybase to acquire applications integration company

Sybase Inc. said Tuesday it has agreed to acquire New Era of Networks Inc., which provides application integration software and services, in a stock-for-stock transaction valued at US$373 million.

New Era of Networks, or NEON, will become part of a new e-business division that Sybase plans to create when the acquisition closes, which is expected in the second quarter of 2001, Sybase said in a statement.

The move is the latest from Sybase as it looks to expand beyond its core database business and into the broader market for Internet-related business software. Emeryville, California-based Sybase said the deal will significantly boost its strategy to provide companies with software that lets them do business with other companies on line.

Based in Denver, Colorado, NEON offers a range of products for integrating business applications including ERP (enterprise resource planning), CRM (customer relationship management), supply-chain management and e-commerce applications from the likes of SAP AG, Siebel Systems Inc., i2 Technologies Inc. and Broadvision.

Its products include NEON Process Server, NEON e-Biz Integrator, and pre-packaged solutions called NEON Adapters that are designed to work with specific off-the-shelf applications and standards.

(More to follow)

Sybase, in Emeryville, California, can be reached at +1-510-922-3500, or http://www.sybase.com/.

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