General Magic Purchases Assets of Microsoft NT Developer
SUNNYVALE, Calif. — June 25, 1996 — General Magic, Inc. (Nasdaq: GMGC) today announced it has purchased substantially all of the assets of Conterra Software, Inc., a Microsoft NT(R) Internet/Intranet application development company based in Columbia, South Carolina. The company also announced that a Tabriz(R) AgentWare NT beta version product is expected in the Fall of 1996. These announcements are a first step in General Magic's commitment and strategy to provide a solid and tested agent-based Internet solution for Windows developers.
"The people of Conterra Software bring valuable technical skills and experience to General Magic's Internet effort," said Bob Kelsch, President and Chief Operating Officer at General Magic. "We're extremely pleased with the work they've done and look forward to developing Windows-based applications for the Internet."
"Conterra has been committed to enabling broad penetration of agent-based services, including wireless access to network knowledge via voice, PC, and PDA interaction," said Jeff McElroy, President, Conterra Software, Inc. "Now, we look forward to delivering solution-focused products for the Windows platform as a part of General Magic."
Conterra designs applications in areas such as electronic commerce systems for supply chain management, agent-based systems for public safety applications, and health care solutions.
Tabriz AgentWare and Tabriz Agent Tools comprise a complete development and deployment environment for creating agent-based Internet services and solutions. Tabriz is based on Telescript, an object-oriented development language with more than four years of industrial strength testing in large communications networks.
In accordance with U.S. securities law, General Magic notes that this press release contains forward-looking statements. There are risks that may cause actual results to vary materially. These risks include, but are not limited to, reliance on key technical and management personnel, potential schedule changes, competitive pressures and emerging Internet standards. Additional risk factors are detailed in General Magic's 1995 10-K and its first quarter 1996 10-Q filed with the Securities and Exchange Commission.
General Magic, Inc. was founded in 1990 and provides engaging, active Internet software for business professionals, developers, device manufacturers, service providers and enterprises. General Magic is headquartered in Sunnyvale, California, with offices in Paris and Tokyo. For more information on General Magic and its products, visit General Magic's Web site at http://www.genmagic.com/.
NOTE: Tabriz is a registered trademark of General Magic, Inc. General Magic acknowledges the rights of the trademark owners for all trademarks referred to herein.
CONTACT:
Susan Nicolls, 408-774-6901, or [email protected], or Tom Hershenson, 408-774-4343, or [email protected]