Mitsui & Co. Global Investment (MGI) - Venture Capital, Start-Up

NEWS 2006

[12/12/2006]

Palamida & Innoopract Announce Partnership to Maximize User Investments in Eclipse & Ensure SW Transparency in OS Distribution

Palamida and Innoopract Offer the Most Complete Open Source Intellectual Property Compliance Solution for Eclipse

San Francisco, CA - December 12, 2006 - Palamida? a provider of software assurance management products and audit services, today announced a partnership with Innoopract, a provider of Eclipse-based add-on tools, consulting, support, training and open source distribution solutions.

With their combined technology and service offerings, Palamida and Innoopract accelerate the adoption of open source in the enterprise. Palamida and its partners perform software code audits using Palamida's leading IP Amplifier technology and the industry-leading compliance library of third-party software, to accurately assess the origin of each client's software code. The software code audit report is a complete, accurate assessment of open source and third-party code, pinpointing specific high-risk areas of company code against due diligence criteria to identify remediation issues. Organizations seeking to adopt open source while respecting intellectual property rights can now use the combined Innoopract/Palamida solution to ensure they are meeting compliance requirements.

For organizations using open source, it is critical that a deliberate and methodical process for managing intellectual property compliance is part of the software development process. By taking advantage of the companies' combined services, organizations can be fully prepared to extend their Eclipse development environment without violating copyright or intellectual property rights.

"Open source adoption is accelerating at an incredible rate this year," said Susanna Kass, Executive Vice President and COO of Palamida. "With Innoopract's outstanding track record in Eclipse project distribution and Ajax development tools, this strategic partnership can help enterprise software and system vendors, as well as corporate users, achieve software transparency and effectively and safely embrace the benefits of open source software development."

"The Palamida and Innoopract partnership provides a truly complete solution for managing software risks and identifying intellectual property issues," said Eric von der Heyden, Managing Director of Innoopract. "Not only is Innoopract distributing and providing services for industry-leading Eclipse open source deployments, but we also are taking steps to assure our customers that our products have been rigorously checked for copy-left, viral and third-party code. Combining Palamida's comprehensive software transparency solutions with Innoopract's Eclipse management and support solutions is strategic to our customers' ability to confidently incorporate open source into their Eclipse-based development environment."

About Innoopract

Innoopract is a leading provider of services, software and distribution for Eclipse. With offices in Portland, Oregon and Karlsruhe and Munich, Germany, Innoopract helps companies with the implementation of their Eclipse strategies. In 2003, Innoopract was elected into the Eclipse Consortium and is a member of the Eclipse Foundation Board of Directors. Innoopract provides add-on tools, consulting, support, custom development, training and open source distribution and management services. Its product offerings include the Yoxos Eclipse Distribution and the Rich Ajax Platform (RAP) toolset for streamlined visual development of Web applications. More information can be found at www.innoopract.com.

About Palamida

Founded in 2003, Palamida answers the question, "What's in your code?" By providing an unprecedented level of software transparency, customers are empowered with in depth information about the use and development of software assets in their organizations. Palamida software intellectual property (IP) management solutions and audit services offer a fast, intelligent method for on-going testing against IP policy during application development, evaluating and protecting software assets during mergers and acquisitions (M&A), and providing proactive governance and risk mitigation for organizations utilizing custom built software applications including: financial services, insurance, telecom and government. Palamida's customers include Avaya, Cisco Systems, EMC, Microsoft and Sun Microsystems, among others. Read Palamida's blog at www.palamida.com/blog or for more information visit www.palamida.com.