Press Releases - 2000

MOUNTAIN VIEW, CALIF., June 19, 2000 - PointBase, the leader in mobile wireless data management and synchronization products, today secured $21 million in financing. The investment, led by Goldman Sachs and JK&B Capital, with participation by other well-known investors, will support the worldwide expansion of PointBase's corporate infrastructure and will allow the company to penetrate emerging markets for distributed data management, data synchronization and mobile wireless data management applications. To date, PointBase has received $33.5 million in financing.

"This large investment will enable PointBase to solidify our position as the leader in mobile wireless data management and synchronization technology opportunities worldwide," said Bruce Scott, PointBase founder and CEO. "It will fund our plans to hire more top-level talent to maintain our dominant position as a mobile wireless infrastructure provider, and to aggressively pursue new markets."

"We are pleased to have the opportunity to enable PointBase to make the investments in people and technology that will enhance its strong industry position," said Neil Gelfand of Goldman Sachs. "PointBase's highly functional, Java-based, small footprint database and synchronization products uniquely position the company to address the needs of the mobile database market."

"We are pleased to help PointBase extend its leadership in Java-based data management products for the enterprise and mobile wireless markets," said Rich Finkelstein, Executive Member, JK&B Capital, "PointBase is an exciting company with a proven track record of product innovation."

Goldman Sachs is a global investment banking and securities firm that provides a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals.

Other investors in this round as well as previous rounds include: DataMirror, Aspen Ventures and AVI Capital Management. JK&B Capital, a $600 million venture capital firm based in Chicago, was the lead investor in PointBase's third round of financing. Toronto-based DataMirror provided funding in the first round of financing. Aspen Ventures and AVI Capital, both headquartered in Los Altos, Calif., specialize in early stage investments in high-growth segments of the information technologies industry. Aspen was the lead investor in the second round, and AVI was a participating investor.

About PointBase
PointBase, the leader in mobile wireless data management, creates the technology for extending and synchronizing enterprise data among wireless devices, Internet appliances, mobile applications, PDA's, and networked servers. The company's 100% Pure Java products solve the problem of managing data for applications deployed globally across a diversity of platforms. PointBase was established in 1998 by Bruce Scott, co-founder of Oracle Corporation and Gupta/Centura Software, and Jeff Richey, one of the key developers of the Sybase SQL database server. The management team includes industry veterans from IBM, Oracle, Sybase, Hewlett-Packard and Sun Microsystems. For additional information on PointBase and its products, call 1-877/238-8798 (U.S. and Canada) or 650/230-7200 (International) or visit the company's website at http://www.pointbase.com.
 

Note to Editors—Java, and 100% Pure Java, are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries.