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Wednesday, September 27, 2006

Sun Micro Buys More Identity Management

Sun Microsystems, Inc. (SUNW) and private Neogent, Inc. announced that they have entered into a definitive agreement pursuant to which Sun will acquire Neogent, an identity management services automation company based in Austin, Texas.

Sun's market-leading identity management solutions and Neogent's deployment automation toolset will help Sun enterprise customers improve identity management implementation times while reducing implementation costs and better address compliance requirements for regulatory, security and privacy issues such as the Sarbanes-Oxley Act, the Health Insurance Portability and Affordability Act (HIPPA), Homeland Security Presidential Directive-12 and the Gramm-Leach-Bliley Act.

"Acquiring Neogent will expand Sun's resources and talent for architecture and project oversight in the rapidly growing identity business. Customers and partners will see dramatically increased speed and accuracy in the deployment of identity services on the Solaris(TM) OS and other popular operating systems, leading to a faster return on their software investment," said Peter Weber, senior vice president, Services Group, Sun Microsystems. "With Neogent's innovative deployment methodologies, identity projects which could have taken customers over a year may now be completed in as little as 45 days, giving Sun a significant advantage over the competition."

Based on years of experience with the Sun Java Systems Identity Management Suite, Neogent developed its Velocity Identity Package (VIP) to reduce deployment time, ultimately providing customers with a scalable, cost effective solution. Implementations from other identity management vendors often take over a year, but with Neogent's VIP, customers may complete their projects in as little as 45 days. The recently updated VIP product is believed to be the first to combine user provisioning with identity auditing, bridging the gap between IT security and auditors internally and externally, to stay in compliance with critical wide-ranging local, state and federal regulations.

The transaction is subject to customary closing conditions and is expected to be completed in the second quarter of Sun's 2007 fiscal year. The terms of the deal were not disclosed as the transaction is immaterial to Sun's earnings per share.
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