SUN COMPLETES ACQUISITION OF PIXO, INC.
Java Technology-based Software Enables Service Providers to Manage Digital Rights for and Monetize Distribution of Content to Rapidly Expanding Marketplace for Mobile Devices
SANTA CLARA, CALIF. -- July 17, 2003 -- Sun Microsystems, Inc. (NASDAQ: SUNW)
today announced that it has completed the acquisition of Pixo, Inc., a
privately-held company based in San Jose, California. Pixo provides the
technology to manage the secure distribution and monetization of digital
content for mobile subscribers and provides the critical link integrating
the evolution of the Java 2 Platform, Micro Edition, with the pervasive
adoption of Sun's Solaris Operating System and the Java 2 Platform,
Enterprise Edition. Pixo's products and technologies help simplify the
deployment of new services for both network operators and enterprises and
create a presence for Sun in the arena of digital rights and access
management for content distribution.
Pixo is now an integral part of the Sun Software organization under the leadership of executive vice president Jonathan Schwartz. There are plans to integrate Pixo's products and technologies into Sun's existing end-to-end Java technology strategy, and offer this in conjunction with other mobility programs from Sun including the Sun Developer Network Mobility Program, Business Mobility Initiative and Unified Testing Initiative for Wireless Java Applications. Going forward, Pixo is designed to become an integral component of the Solaris Operating Environment and will leverage the Project Orion platform, which converges Sun's software offerings into a predictable, scheduled quarterly release of an integrated software system. By deploying Project Orion, customers can also benefit from an overall lower cost of acquisition and speed up time to deployment.
"Our new Application Download Service is based on Pixo's technology," said Brian O'Shaughnessy, vice President, Wireless Technology, Bell Mobility. "We selected Pixo after extensive evaluations and we look forward to working with Sun to help us achieve sustained business results."
"The future of the network is predicated upon the secure distribution and monetization of digital content," said Jonathan Schwartz, executive vice president, Software, Sun Microsystems. "Whether for the growth of the mobile handset marketplace, set top boxes, or the emerging landscape of Sun's desktop initiatives, Pixo is at the center of our platform strategy."
This press release contains forward-looking statements regarding future results or financial performance of Sun Microsystems Inc., including statements relating to the impact of the Pixo acquisition and the addition of the Pixo product to Sun's platform, the convergence of the Pixo product offerings with Sun's software and the release of an integrated software system. Such statements are just predictions and involve risks and uncertainties such that actual results and performance may differ materially. Factors that might cause such a difference include risks associated with integrating an acquired company into Sun and acquired products with Sun products, developing and marketing new products, lack of success in the timely development, production and acceptance of new products and services and in technical advancements, Sun's inability to compete successfully in the highly competitive and rapidly changing marketplace, failure to retain key employees, cancellation or delay of products, increased competition and continued adverse general economic conditions in the U.S. and internationally. These and other risks are detailed from time to time in Sun's periodic reports that are filed with the Securities and Exchange Commission, including Sun's annual report on Form 10-K for the fiscal year ended June 30, 2002 and our quarterly reports on Form 10-Q for the fiscal quarters ended September 29, 2002, December 29, 2002, and March 30, 2003.
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com