AdventNet Acquires Vembu Technologies' Product Line
Pleasanton, California, December 23, 2003
AdventNet Inc., the leading provider of standards-based management software for applications and networks, today announced its entry into the database migration tools business with the acquisition of the SwisSQL and database migration product line from Vembu Technologies. Vembu Technologies, started by Mr. Sekar Vembu, has established itself as a multi-database tools provider. Vembu Technologies has signed up over a dozen customers, within 6 months of the products introduction, with a very positive momentum going into 2004. Recent customer wins include EMC, HP and Ramco Systems, who have reported significant productivity gains from the product line.
Announcing this today, Dr. Tony Thomas, Chairman of AdventNet, said, "AdventNet has been expanding its focus towards the enterprise IT market for the past year. This acquisition accelerates this further. Our commitment to the customers of Vembu Technologies is that AdventNet will accelerate the R&D investment in this product portfolio and round out the products with additional tools. In addition, we will integrate these technologies with our existing AdventNet products, especially as part of our applications management products. The AdventNet field organization will start providing support for Vembu products shortly, making life easier for existing and new customers."
Mr. Sekar Vembu, President of Vembu Technologies, said, "As a co-founder of AdventNet, I am very happy to see the products we created at Vembu Technologies finding a good home. I am very confident that the product portfolio will succeed even better, with the extensive R&D and field resources of AdventNet."
As part of the acquisition, the products will be sold under the AdventNet SwisSQL name and will be available at http://www.swissql.com. The Vembu name will be phased out over time. The Web site will be integrated within a few weeks.
About AdventNetEnabling Management Your Way™
AdventNet provides affordable software for management and provisioning of complex networks, systems and IT applications. With a broad product portfolio and an active customer base ranging from enterprises, equipment vendors and service providers, AdventNet has emerged as a very affordable and high-quality alternative to expensive software that is common in this industry.
AdventNet corporate office is located at Pleasanton, CA with offices in NJ, NH, India, China and Japan. It has a well-trained partner base around the globe and thousands of customers world-wide.
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