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September 18, 1997, Tokyo, Japan and Redwood City, California --
Mitsubishi Corporation and NetObjects, Inc. today announced that they have
reached an agreement to distribute NetObjects' award-winning Web site building
software, NetObjects Fusion, in the Japanese market. NetObjects will
develop and localize the product, while Mitsubishi Corp. will market, distribute and provide the support in Japan.
By appointing Mitsubishi Corp. as its master distributor, NetObjects plans to leverage its success in the United States and Europe as the leading provider of site-oriented Web authoring software, to establish a dominant worldwide position.The Japanese Internet software market is currently estimated to be growing at approximately 200% annually.
"Mitsubishi provides us with the resources of a large company with a strong presence in the information technology segment coupled with the commitment to strategically invest in the growing segment of Internet software," said Samir Arora, NetObjects' Chairman, CEO and Founder. "As a result, we expect that Mitsubishi will help establish a leadership position for NetObjects in Japan through a successful master distributor-vendor relationship."
"NetObjects is an innovative Internet software vendor and the provider of a
category-creating product that has been adopted by thousands of site builders" said Mitsuhiko Kato, General Manager of Mitsubishi Corp's Information Systems and Services Div.B. "In cooperation with NetObjects, we'd like to offer a methodology for a new business model in the Japanese digital publishing market."
Mitsubishi Corp. by forming a partnership with NetObjects, will further strengthen its business of distributing Internet-related software products in Japan. Mitsubishi Corp. together with leading Japanese Web developers, will actively market the products on-line, and distribute them to the leading software distributors, PC retail stores, and VAR channels.
About NetObjects
NetObjects, Inc. is a privately-held company that is funded by IBM, Perseus
LLC, AT&T Ventures, Norwest Venture Capital, Venrock Associates, Rae
Technology LLC and private investors. NetObjects' partners include Apple
Computer (NASDAQ:AAPL), AT&T (NYSE: T), IBM (NYSE: IBM), Microsoft (NASDAQ: MSFT), Netscape (NASDAQ: NSCP), Sun Microsystems' Javasoft (NASDAQ: SUNW) and UUNET (NASDAQ:WCOM).
About NetObjects Fusion
NetObjects Fusion is the first smart Web site building application that integrates automated site building, professional quality design and publishing,thereby lowering the cost, time and tedium of building high-quality Web sites. NetObjects Fusion has won several awards including CNET's 1997 Internet Excellence Award for Best Web Design Product and PC Magazine's Editors Choice award. More information about NetObjects and its product can be found at www.netobjects.com.
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 arrayof 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.
More information, contact:
Contact: Kamini Ramani
NetObjects
(650) 482-3238
kamini@netobjects.com
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