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Redwood City, Calif., October 21, 1998 - NetObjects, Inc. today announced that Novell, Inc. has made an equity investment in NetObjects, Inc. The investment is part of Novell's Internet Equity Fund venture designed to invest in companies whose products exploit its Netware 5 network server and Novell Directory Service. Novell joins International Business Machines (NYSE: IBM) as a major corporate investor in NetObjects.
"We are looking forward to working with Novell to further our common goal to serve the needs of businesses creating compelling Web sites using the Netware Server Platform," said Samir Arora, CEO and founder of NetObjects.
In conjunction with Novell's investment, Novell executive Christopher Stone will participate in NetObjects Board of Directors meetings as an observer. "Novell brings a welcome perspective to our Board of Directors. We are honored to have the support of such an important player in business and Internet infrastructure," added Arora.
Separately, Novell and NetObjects today announced an agreement that includes the licensing of NetObjects Fusion™, for bundling and shipment with the Novell Netware for Small Business 4.2 product.
About Novell
Novell (NASDAQ: NOVL) is the world's leading provider of network software. The company offers a wide range of network solutions for distributed network, Internet/intranet and small-business markets, as well as the network computing industry's most comprehensive education and technical support programs. Information about Novell and its complete range of products and service can be accessed on the World Wide Web at www.novell.com.
About NetObjects
The NetObjects product family consists of NetObjects Fusion Personal Edition, NetObjects Fusion, NetObjects Authoring Server Suite™, NetObjects ScriptBuilder™ and NetObjects BeanBuilder™. NetObjects develops and markets award-winning Web site building software for businesses.
For press inquiries contact:
Priti Khare, NetObjects, (650) 482-3251,
priti@netobjects.com
John Pilmer, Novell, Inc., (801) 222-5109,
jpilmer@novell.com
Partner and Industry Analyst Quotes
©1998 NetObjects, Inc. All rights reserved. NetObjects, NetObjects Fusion, NetObjects Authoring Server, NetObjects BeanBuilder, NetObjects Team Fusion, and NetObjects ScriptBuilder are trademarks or registered trademarks of NetObjects, Inc. All other brand and product names may be trademarks or registered trademarks of their respective companies.
Novell, Netware and Novell Directory Services are registered trademarks and NDS is a trademark of Novell, Inc.
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