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Redwood City, Calif., Nov. 9, 1998 - NetObjects, Inc. today announced that Mitsubishi Corporation, has made an equity investment in NetObjects, Inc. Mitsubishi, which serves as a master distributor for NetObjects products in Japan, joins International Business Machines (NYSE: IBM) and Novell as a major corporate investor in NetObjects.
"Mitsubishi's strong presence in the information technology segment coupled with the commitment to strategically invest in the growing segment of Internet software, has helped establish a leadership position for NetObjects in Japan and we look forward to further strengthening our relationship," said Samir Arora NetObjects' CEO.
Mitsubishi's investment in NetObjects will help strengthen NetObjects' success as a leading provider of Web authoring software for businesses and enable the company to establish a dominant position worldwide.
"NetObjects is an innovative Internet software vendor and the provider of an award-winning product family that has been adopted by thousands of site builders all over the world" said Yoichi Yokomizo, Manager of Computer Business Unit, Mitsubishi Corporation. "By investing in NetObjects, we hope to strengthen our mutual commitment to provide the emerging Japanese electronic commerce market with powerful web site building solutions."
About Mitsubishi Corporation
Mitsubishi Corporation is one of the leading Japanese general trading companies, with 189 offices in 89 countries, and over 13,000 employees. Consolidated total trading transactions as of March 31, 1997 were $127 billion (15.8 trillion yen). Drawing on considerable expertise in the fields of information, investment and organization, Mitsubishi is able to offer a broad array of integrated services and undertake investments in a myriad of exciting growth areas. More information about Mitsubishi Corporation can be found at www.mitsubishi.co.jp.
For press inquiries contact:
Priti Khare, NetObjects, (650) 482-3251, priti@netobjects.com
© 1998 NetObjects, Inc. All rights reserved. NetObjects is a registered trademark of NetObjects, Inc. All other brand and product names may be trademarks or registered trademarks of their respective companies.
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