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Sun to Acquire Tarantella for $25m

12th May 2005

Sun plans to use Tarantella technology to provide customers with secure mobile access to data and applications.

Sun Microsystems, Inc. and Tarantella, Inc., a provider of secure application access software, recently announced that they have entered into a definitive agreement pursuant to which Sun will acquire Tarantella for a cash purchase price of $0.90 per share, or approximately $25 million in the aggregate, and assumption of employee stock options.

Sun plans to use Tarantella technology to provide customers with a higher level of secure mobile access to data and applications. As part of the agreement, Sun will acquire the Secure Global Desktop family of products, which enables organizations to access and manage information, data, and applications across virtually all devices, networks, and platforms including: Solaris OS, Microsoft Windows, Mainframe, AS400, Linux, etc.

The transaction is subject to customary closing conditions,including regulatory approvals and the approval of Tarantella's shareholders. The transaction is expected to be completed in the first quarter of Sun's fiscal year 2006.




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