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TogetherSoft VP Talks About WebGain Deal

TogetherSoft VP Talks About WebGain Deal

(August 20, 2002) - Last week, TogetherSoft Corp. and WebGain, Inc., announced that TogetherSoft plans to acquire WebGain Studio, which consists of VisualCafe, StructureBuilder, Business Designer, and Quality Analyzer and provides support for BEA's WebLogic Server. In a WSJ exclusive, we asked Keith Boswell, TogetherSoft's VP of marketing and business development, for more details on the deal.

WSJ: Why did TogetherSoft make this acquisition?

Keith Boswell: TogetherSoft recognized that WebGain customers stood to lose progress and investments with the company's closing.TogetherSoft was in the position to help and in addition, capture marketshare. Through this acquisition, TogetherSoft will offer stable, ongoing support for WebGain's IDE customers, allowing them to maintain their investment, while offering an attractive option to move to TogetherSoft's award-winning integrated environment.

WSJ: What percentage of WebGain customers do you hope will migrate to TogetherSoft's "ControlCenter" product?

Keith Boswell: TogetherSoft has acquired WebGain Studio (Standard and Professional), which consists of, Visual Cafe Enterprise (WebGain IDE), StructureBuilder Enterprise (WG UML Modeling), Business Designer (Requirements Management) and Quality Analyzer (Quality testing and analytics). As we're still working to gain a better understanding for the WebGain customer base, it's hard to tell how many will migrate to TogetherSoft ControlCenter (TCC). As promised, TogetherSoft will continue support of the WebGain Studio family of products indefinitely and for those interested in migrating to TCC, we will offer a reasonable, cost-effective integration package.

WSJ: How much time will existing users be given before that migration, i.e., when will customer support for WebGain Studio cease?"

Keith Boswell: Again, TogetherSoft will continue support of the WebGain Studio family of products indefinitely.

WSJ: When will the acquisition be finalized?

Keith Boswell: We expect the acquisition to be complete within the next few weeks.

WSJ: Has the customer re-direction from WebGain's Web site to TogetherSoft already begun?

Keith Boswell: Yes it has, but you can expect to see further changes on both Web sites and throughout TogetherSoft's marketing efforts.

WSJ: Does TogetherSoft know what will happen to the WebGain employees-any plans for taking any of them on?

Keith Boswell: No, and there are no plans at this time to take any of them on. We do wish them the very best of luck and congratulate them on their efforts with WebGain thus far.

WSJ: How much is the acquisition costing TogetherSoft?

Keith Boswell: We are not disclosing financial terms of the deal. More background on TogetherSoft's acquisition:
As part of the proposed agreement, TogetherSoft intends to take over full support for current WebGain Studio customers. This includes picking up the Beta program for the Version 7 Studio product line. The current plan is to maintain the WebGain Studio product line and complete the rollout of WebGain Studio Version 7 sometime next year. TogetherSoft also will provide an integration package, offering WebGain Studio customers the opportunity to migrate to TogetherSoft's application development environment.

Through this acquisition, TogetherSoft will offer ongoing support for WebGain's IDE customers. Customers will be directed from WebGain's Web site to www.togethersoft.com for support and maintenance, in addition to upgrade options. TogetherSoft promises that technical support will not change in any material respect.

"Upon completion of TogetherSoft's proposed acquisition of WebGain Studio, WebGain's customers will be able to maximize their application development investment while experiencing a level of stability that can only be provided by an industry leader like TogetherSoft," said Robert Melendres, the WebGain C.E.O.

"This acquisition provides a sensible cost-effective solution to sustain WebGain customers and their current development initiatives," added John Sherbin, CFO for TogetherSoft. "Given our strategic integration and partnership with BEA, TogetherSoft welcomes WebGain customers to benefit from the compatible technologies and we are confident that the addition of WebGain Studio to TogetherSoft's solutions will be a win for our joint customer base and the market overall."

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Most Recent Comments
Samantha Suchanek 08/20/02 10:43:00 AM EDT

According to e-ProMag.com, it looks like you guys got the story wrong. TogetherSoft announced the deal last week (the e-Pro story is dated 8/15). And they also talked to Boswell about it, so how can your interview be an exclusive?