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Day: June 19, 2005 (Page 1 of 2)

Compliance Consortium Merges with Open Compliance & Ethics Group (OCEG)

The Compliance Consortium, an international membership organization formed in June 2004 to promote effective governance, risk and compliance management (GRC), announced that it has merged with the Open Compliance and Ethics Group (OCEG). Compliance Consortium members will serve as the initial members of the newly created OCEG Technology Council, with OCEG corporate and technology members immediately eligible to join. The merger is effective immediately. The web site for the Compliance Consortium will remain available for a limited period of time to provide information and to continue circulating the recent publication “Governance, Risk Management, and Compliance: An Operational Approach” at ,

Sun Announces Enhanced Compliance & Content Management Solutions with Sun StorEdge 5310 Compliance Archiving

Sun Microsystems, Inc. (NASDAQ:SUNW) announced the general availability of the Sun StorEdge 5310 Compliance Archiving System, a combination of the Sun StorEdge 5310 NAS Appliance and Sun StorEdge Compliance Archiving Software that provides for customers’ requirements for records retention. Integrated with Sun’s Identity Management solutions. The Sun StorEdge Compliance Archiving System provides an integrated solution to help facilitate compliance with government and business roles regulations, including HIPAA for healthcare, SEC Rule 17a-4 and Basel 2 for financial services, 21 CFR 11 for life sciences, as well the Sarbanes Oxley Act and its global equivalents. A variety of Enterprise Content Management application providers, including AXS-One, iLumin, Mobius Management Systems and Vignette, have qualified their applications with the system’s compliance features to enforce retention and leverage the system’s write-once, read-many (WORM) capability. Sun’s portfolio for enabling customers to store corporate documents and records includes the Compliance and Content Management Solution, the Content Infrastructure System for general data archiving on tiered storage, and the 5310 Compliance Archiving System. The Sun StorEdge 5310 Compliance Archiving System is available through Sun and its iForce partners. Pricing begins at US $73,995 for a 2 TB Fibre Channel configuration, and $81,995 for a 6 TB SATA configuration. Prices include all software costs. http://www.sun.com

SDL Proposes Acquisition of Trados

The Board of SDL PLC announced proposals to acquire for a maximum aggregate consideration of $60.0 million, certain intellectual property in TRADOS and all of the outstanding issued shares of TRADOS. This includes $7.8 million for intellectual property, $52.2 million for the outstanding shares in TRADOS which include a $7.8 million TRADOS Management Incentive Plan. The above transactions will be satisfied by a cash consideration of $50 million to be funded from new bank facilities and the balance from the existing cash resources of the Company and by the issue of Ordinary Shares in SDL with a value of up to $10.0 million. The acquisition is conditional upon the approval of SDL Shareholders at an Extraordinary General Meeting to be convened for this purpose. By combining the technology, R&D, customer relationships and sales and marketing capabilities, the Enlarged Group will offer a stronger and more competitive offering in the Global Information Management (“GIM”) market. The Directors believe that the Enlarged Group will have an increased market presence and the Enlarged Group will be better placed to serve the GIM market. http://www.sdl.com,

JBoss Delivers Enterprise-Ready JBoss Portal 2.0

JBoss, Inc. released JBoss Portal 2.0, a significant upgrade of its open source, standards-based portal offering. A core piece of the JBoss Enterprise Middleware System (JEMS), JBoss Portal 2.0 embraces the Java portlet API specification (JSR-168) and provides an extensible portal framework that integrates dynamic Web pages and applications within standardized and reusable portlets. JBoss Portal can incorporate Web Services and J2EE-based components into the portal as portlets. JBoss Portal enables the user to combine applications and content into a unified presentation, simplifying access to these applications. Portals developed with JBoss Portal can be customized based on users, roles, security needs and administrative settings. By providing an integrated and secure user interface across applications, JBoss Portal makes it easier for users to leverage existing applications. http://jboss.com

Stellent Acquires Compliance Provider Assets

Stellent, Inc. (Nasdaq:STEL) announced it has acquired select assets of privately held e-Onehundred Group, a financial compliance solutions provider, for $5.0 million in cash, approximately 274,000 shares of Stellent common stock valued at $2.0 million and a potential $2.0 million cash earn-out over a one-year period based upon revenue performance. The transaction is not anticipated to have a material effect on Stellent’s revenues or expenses for the quarter ending June 30, 2005. e-Onehundred provides products and consulting services for financial compliance applications. The company’s domain expertise and product set will enable Stellent to more quickly capitalize on the growing financial compliance market by building a portfolio of applications on top of its compliance platform. e-Onehundred has been a strategic Stellent partner for approximately two years, and its technology is a key component of their Stellent Sarbanes-Oxley Solution. http://www.stellent.com

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