RESTON, Va.--(BUSINESS WIRE)--Feb. 22, 2000--SAGA SOFTWARE, Inc. (SAGA(TM)) (NYSE: AGS - news; 1) announces today that it has entered into a software license agreement with Red Oak Software, headquartered in Mountain Lakes, New Jersey, providing them use of the technologies SAGA SOFTWARE, Inc. acquired from Blue Lobster Software, namely Stingray(TM) and Mako(TM).
As part of this agreement, SAGA has also assigned to Red Oak the current Stingray customer software licenses and maintenance contracts as well as several systems integrators.
Stingray is a premier legacy integration solution for Web-enabling and programmatically automating 3270 and 5250 terminal applications.
Built in Java(TM), developers can use Stingray's Software Development Kit (SDK) to record interaction with mainframe and AS/400 applications and automatically generate Java Legacy Business Objects (LBOs(TM)) encapsulating screen navigation, data input and data output. The resulting emulation programs can easily be integrated with other enterprise applications.
Mako automates the development of Java(TM) applications that incorporate CICS transactional access. With Mako, the developer can easily generate Java Beans(TM) (Sun Microsystems, Inc.) that map CICS transactions between COBOL and Java and incorporate them into new Web applications through drag and drop programming.
``SAGA is very pleased to have entered into this agreement with Red Oak, and we expect tremendous benefits will accrue to the current Stingray customers because the Red Oak principals helped create, sell and support the Stingray product, while employees of Blue Lobster Software,'' said Michael McDowell, Vice President of Business Development for SAGA. ``The Red Oak agreement is also very exciting for SAGA as it provides us benefits from a market segment which we would not have otherwise served.''
``Red Oak is extremely pleased to make Stingray available again to the marketplace. Over the last two years, it has proven itself to be a world-class product, and we are looking forward to providing the highest level of ongoing support for both our new and former customers,'' said George Cummings, President and CEO, Red Oak Software. ``We believe that Stingray is one of the only legacy integration products that delivers superior results for both Web to Host and automated programmatic environments.''
About Red Oak
Red Oak Software is a leading solutions provider for eBusiness integration. A pioneer in Web to Host legacy integration, Red Oak's new Skyscraper suite of EAI and IAI products enables large corporations to leverage their investment in legacy systems and extend their reach to those production Internet applications critical to the future of eBusiness.
Red Oak Software is headquartered in Mountain Lakes, New Jersey, with offices in Rochester, New York. For additional information, contact Red Oak Software, Inc., 115 Route 46, Suite F1000, Mountain Lakes, New Jersey 07046. Phone: 973/316-6064; email: firstname.lastname@example.org; or visit the Web site at www.redoaksw.com.
About SAGA SOFTWARE
SAGA, based in Reston, Virginia, offers a full suite of e-business integration and enterprise systems software that extends and supports billions of mission critical transactions daily for some of the world's largest organizations.
SAGA's products and services leverage existing IT investments by connecting customers' legacy and packaged applications with the newest e-business processes and applications--thereby enabling its customers to free their information from the heart of the enterprise to the desktop.
(1) SAGA's parent company is traded on the New York Stock Exchange under the symbol AGS. For further information, please visit the Company's Web site at www.sagasoftware.com.
All product or company names mentioned are used for identification purposes only, and may be trademarks, trade names or service marks of their respective owners.
Sun, Sun Microsystems and Java are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and in other countries.
Safe Harbor Provision for Forward-Looking Statements:
The statements contained in this release include forward-looking statements subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995 including forward-looking statements concerning the benefits to the company and certain customers of the company's licensing arrangement with Red Oak Software, Inc., including but not limited to the ability of the company to expand into particular markets via its direct sales channel with Red Oak.
These forward-looking statements are based on the company's current knowledge, beliefs, expectations and specific assumptions with respect to future business decisions.
Accordingly, the statements are subject to significant risks, contingencies and uncertainties that could cause actual operating results, performance or business prospects to differ materially from those expressed in, or implied by, these statements.
These risks, contingencies and uncertainties include, but are not limited to, significant quarterly and other fluctuations in revenues and results of operations; reliance on acquisitions and the timely development, production, marketing and delivery of new products and services; risks associated with conducting a professional services business; reliance on the mainframe computing environment and demand for the company's products; changes in the company's product and service mix and product and service pricing; interoperability of the company's products with leading software application products; risks of protecting intellectual property rights and litigation; dependence on third-party technology; risks associated with international sales, distributors and operations; dependence on government contracts; control of the company by affiliates; the company's ability to implement its acquisition strategy, successfully integrate any acquired products, services and businesses, adjust to changes in technology, customer preferences, enhanced competition and new competitors in software and professional services markets, maintain and enhance its relationships with vendors, and attract and retain key employees; general economic and business conditions; and other risks detailed from time to time in the company's Securities and Exchange Commission reports, including, but not limited to, the company's Registration Statement filed on Form S-1.
Neither SAGA SYSTEMS, Inc. nor SAGA is obligated to update the information contained in this release.
SAGA SOFTWARE, Inc., Reston Lana Sansur, 703/391-8174 Lana.Sansur@sagasoftware.com or Dedra Jones, 703/391-6625 Dedra.Jones@sagasoftware.com