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Redwood City, CA, February 24, 1997 -- NetObjects, Inc. today announced that Peoplesoft, Inc. has selected NetObjects Fusion 2.0, NetObjects' award-winning site building software shipping today, as a major component of its intranet development.
Under the terms of an enterprise licensing agreement, Peoplesoft will install copies of NetObjects Fusion on the desktops of its employees to give them an easy, intuitive and powerful way to publish Web sites.
"As a technology leader, we want to strengthen the core competencies of all our employees in Web and intranet technologies," said Steve Zarate, CIO of Peoplesoft. "NetObjects Fusion is one of the tools that will help us to achieve that goal, because it combines ease-of-use with functional power, and offers a site- rather than page-oriented approach to web development." "The endorsement of a major corporation such as Peoplesoft marks NetObjects' evolution from the tool-of-choice for developers and small/medium business to the industrial-strength option for company-wide sites," said Samir Arora, chairman and CEO of NetObjects. "We are following the traditional technology adoption curve from early adopter to mainstream user, except that it has been compressed into Web months rather than years."
Since the introduction of NetObjects Fusion 1.0 in September 1996, over 100,000 site builders have downloaded it to build thousands of media-rich Web sites. NetObjects 2.0 is available today for an expected street price of under $500 in North America via Ingram Micro, a network of resellers and VARs and directly from NetObjects. Available for the Windows and Macintosh operating systems, NetObjects Fusion has received wide acclaim including being named one of C/NET's Top Five Internet Products of 1996, Morph's Outpost Daily Spectrum's Best Web Authoring Tool, and has won several awards including New Media Magazine's HyperMedia, PC Magazine's Editors Choice and Publish Magazine's Impact awards.
About NetObjects
NetObjects, Inc. is a privately-held company that is funded by Perseus LLC, AT&T Ventures, Norwest Venture Capital, Venrock Associates and private investors. NetObjects develops Web site building products that are based on the first visual, site-oriented approach to building Web sites, unlike first generation, text-based, page-oriented tools. NetObjects Fusion is the first smart Web site building application that integrates automated site building, professional quality design and data publishing, thereby lowering the cost, time and tedium of building high-quality Web sites.
About PeopleSoft
PeopleSoft Inc. (NASDAQ: PSFT) was established in 1987 to provide innovative software solutions that meet the changing business demands of enterprises worldwide. A client/server applications pioneer and market leader, PeopleSoft develops, markets, and supports a complete suite of enterprise solutions for accounting, materials management, distribution, manufacturing, and human resources. In addition, PeopleSoft provides industry-specific enterprise solutions to customers in select markets including manufacturing, healthcare, financial services, retailing, higher education, the public sector, and the U.S. federal government. With more than 1,300 customers around the world, the company has been recognized for both its award-winning customer service and its remarkable growth. PeopleSoft was listed by Fortune Magazine as one of the fastest growing companies in America in 1994, 1995, and again in 1996. PeopleSoft product and service information is located on the World Wide Web at http://www.peoplesoft.com.
For press inquiries, contact:
Kamini Ramani
Director of Corporate Communications
(415) 482-3238
NetObjects Fusion is a trademark of NetObjects, Inc.
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