Tuesday February 22, 3:57 pm Eastern Time
Company Press Release
SAGA SOFTWARE And Red Oak Software Enter Into Software License Agreement for Blue Lobster Software Products, Stingray and Mako
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
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:
email@example.com; 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
(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
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
Dedra Jones, 703/391-6625