SYBASE AND GAIN TECHNOLOGY SIGN MERGER AGREEMENT Sybase's Merger with Multi-Media Tools Vendor Brings New Capabilities to its Products for Enterprise-Wide Client/Server Computing EMERYVILLE, CA, July 29,1992 -- Sybase, Inc. (NASDAQ: SYBS) and Gain Technology, Inc., vendor of object-based multi-media application development tools, today announced that they have signed a definitive agreement under which Gain will become a wholly-owned subsidiary of Sybase. For the foreseeable future, Gain, headquartered in Palo Alto, California, will operate as a separate company and retain its name. Under terms of the definitive agreement signed yesterday, Sybase will issue approximately 2.0 million shares of Sybase Common Stock in exchange for all outstanding shares of Gain Common Stock. In addition, Sybase will assume all outstanding options to purchase Gain Common Stock. The merger is subject to approval by the shareholders of Gain and the satisfaction of various closing conditions. The transaction will be accounted for as a pooling-of-interests. Mark Hoffman, Sybase president and CEO, commented, "The convergence of Sybase's server technology and Gain's multi-media tools will create a giant leap forward in ease-of-use for client/server computing. Sybase was instrumental in pioneering the emergence of client/server computing. Customers' adoption of client/server computing has created a demand for exciting, visual applications that take advantage of today's graphical desktop computers. With Gain, we now provide the full impact of multi-media -- sound, motion, graphics, animation and hypertext-- combined with an advanced high performance database server. The result is a new class of business-critical applications that are easy to learn and use. Through this merger, Sybase not only offers its current users major productivity benefits, we also open up new market and application opportunities." Tom Siebel, Gain CEO, commented, "Gain's mission is to develop and market industrial-strength multi-media application development and delivery systems that enable customers to build a new class of applications to solve business problems. Sybase's client/server expertise, market presence, and worldwide sales force provide the infrastructure and momentum to clearly establish our products and technology as an industry standard." Gain's Object-Based Multi-Media Development Environment Gain Technology develops and markets object-based multi-media software systems for use in large business applications. Gain's flagship product, GainMomentum, is a general purpose multi-media application development environment targeted at large commercial mission-critical application projects. The GainMomentum products began shipping in May 1992. In addition, GainExposure, a tool for building UNIX software demonstrations, has been shipping in production since January 1992. The GainMomentum software provides a robust environment for developing large-scale interactive multi-media applications incorporating Sensory-Rich datatypes including image, sound, animation, hypertext, and graphics, with corporate data on corporate and departmental systems. The GainMomentum environment provides a compelling, interactive user interface that takes advantage of graphical and multi-media capabilities; supports "code-free" visual programming and provides an object-oriented hypermedia 4GL for advanced applications; and can manage both relational and object-oriented information. In addition, Gain products support twelve international languages, including Japanese, French and German. The GainMomentum products are currently available on UNIX workstations from Sun Microsystems. The products are targeted for availability on UNIX workstations from IBM, Silicon Graphics, Hewlett-Packard and Digital Equipment Corporation in the near future. Development is currently in progress on Digital's VAX/VMS and MS Windows/NT. Stewart Schuster, Sybase vice president of marketing, commented, "Sybase's goal is to provide powerful, easy-to-use products based on leading edge technology that allow our customers to build cost-effective solutions that provide a competitive edge. We believe that no single tool meets all needs. Our strategy is to offer a family of extensible development tools to address the range of our customers' requirements. With Gain's products, we now offer multi-media tools that fully utilize the power of today's multi-media workstations. Gain's products complement our current product and development efforts aimed at leveraging character terminals and graphical workstations. As high-end workstations become standard end-user computers, we will be increasingly positioned to help our customers take advantage of these powerful environments." Gain's products are currently being used in two primary application areas: OnLine applications (which encompass both on-line transaction processing and real-time decision support) and Electronic Performance Support Systems (EPSS). Both areas complement and add value to Sybase's market strengths. Several Sybase customers are currently using Gain's multi-media development tools to build on-line business critical applications. For example, the Department of Defense is using GainMomentum tools to develop an application that integrates simulation and modeling, military systems training, a real-time CNN video feed, and expert systems with the SYBASE SQL Server'. Matsushita Electrical Industrial Corporation is building an engineering project management application based on GainMomentum that integrates scheduling, budgeting and quality assurance; provides workflow and multi-user access with customized user interfaces; and dynamically updates all users to allow for real-time decision making. In addition, several other customers are using Gain to build Electronic Performance Support Systems (which include on-line help, computer-based training, and on-line reference) to train and support users of SYBASE applications. Sun Microsystems is using Gain's software to build worldwide internal employee training applications, from technical to sales training. In addition, Sun and Gain have signed an agreement under which Sun will distribute a performance support and training system for its workstation operating environment based on Gain. American Express is developing a Gain application that provides on-line performance support and training for a worldwide customer support application based on SYBASE. Gain Technology, Inc. Gain Technology, founded in 1989, is a private company incorporated in California and 100% owned by its directors and 100 employees. The company is profitable and generated revenues of $3.2 million for the quarter ending March 31, 1992. Headquartered in Palo Alto, California, Gain has five North American sales offices. The company has a development agreement with Matsushita Electric Industrial Company. Other strategic partners include IBM and Sun Microsystems. Major customers also include Bellcore, Cadence, C. Itoh, Hewlett-Packard, and the U.S. Air Force. Sybase, Inc Sybase, Inc. develops and markets the SYBASE system, a leading client/server-based relational database management system (RDBMS) product family for developing on-line, enterprise-wide applications. The company was founded in 1984, shipped its first product in 1987, and made a successful initial public offering in August 1991. Revenue growth has been rapid, reaching $159 million in 1991 and $106 million in the first half of 1992. Sybase offers proven technology, combined with services and alliances, to provide customers with complete desktop to mainframe solutions. Headquartered in Emeryville, Sybase markets its products worldwide through its direct sales force, telesales, distributors, OEMs, VARs, and systems integrators. SYBASE Inc, 6475 Christie Ave, Emeryville, CA 94608 510-596-3500 +---------------------------------------------------------------+ | From the America Online - New Product Information Services | +===============================================================+ | This information was processed from data provided by the | | above mentioned company. For additional details, contact the | | company at the address or telephone number indicated above. | | All submissions for this service should be addressed to | | BAKER ENTERPRISES, 20 Ferro Drive, Sewell, NJ 08080 U.S.A. | +---------------------------------------------------------------+