BindView to Merge with Entevo; Combined Entities to Provide Unrivaled Solution for Windows 2000 and Active Directory Management

Business Wire, Jan 26, 2000

Business/Technology Editors

HOUSTON--(BUSINESS WIRE)--Jan. 26, 2000

BindView Corporation (NASDAQ: BVEW), the leading provider of IT risk management solutions, today announced that it will acquire Entevo Corporation for $125 million in a stock-for-stock transaction. Entevo provides directory management solutions that help organizations deploy, integrate, administer, and maintain enterprise directory services, Windows NT, and Windows 2000. After the merger, Entevo's award-winning DirectManage suite will be added to BindView's award-winning solutions for managing the configuration, security and availability of the IT infrastructure. BindView believes that this will produce an unrivaled solution for the administration and management of the security, configuration and availability of Windows NT, Windows 2000, and Active Directory, some of the underlying cores of the present and future e-business infrastructure.

BindView's NOSadmin for NT assists systems administrators in finding and fixing enterprise-wide NT security and configuration problems. Entevo's products complement NOSadmin for NT by adding the ability to perform cross-platform directory management, as well as giving customers the ability to plan and manage migrations to Windows 2000 from both Windows NT and Novell NetWare. In addition, the Entevo solutions allow for the administration of Windows NT, Windows 2000 and Active Directory. Specific features include the ability to add new users and groups as well as delegating authority for day-to-day administrative tasks based on an individual's role in the organization, thereby greatly reducing the complexity of managing large Windows-based networks.

&uot;Entevo's products are extremely synergistic with those of BindView and will provide us with significant cross selling opportunities,&uot; said Rick Gardner, president and CEO of BindView. &uot;We are excited about leveraging BindView's sales machine to achieve critical mass for these solutions.&uot;

Said Amir Hudda, Chairman and CEO at Entevo, &uot;Our area of expertise in Windows 2000 and Active Directory administration and migration issues blends well with BindView's expertise in security and configuration management. The combination is a comprehensive risk management solution for Windows 2000 and Active Directory in distributed environments.&uot;

Under the terms of the agreement, BindView will merge with Entevo acquiring all of the outstanding stock for approximately 2.2 million shares of BindView Common Stock subject to a collar and upon the satisfactory completion of closing conditions. This merger is expected to be accounted for as a pooling of interests. As of today, Entevo has approximately $10 million in cash.

&uot;Directories will be the foundation of e-business, and customers are requiring best of breed technologies to manage them, &uot; said Rick Villars, vice president of Internet and e-business strategies at IDC. &uot;The combination of BindView and Entevo offers a one-stop-shop for administrating, configuring, securing and monitoring Windows 2000 and Active Directory.&uot;

Founded in 1993, Entevo Corporation is a leading provider of cross-platform directory management solutions that simplify and sustain enterprise directory implementations for corporate IS. DirectManage, the first Active Directory ready cross-platform set of directory management solutions is a complete directory management suite. DirectManage offers a single point of administrative control for Windows NT, Windows 2000 and Active Directory, Microsoft Exchange, and Novell's NDS. DirectManage also supports the secure delegation of administrative authority, offers extensive searching and reporting facilities, and simplifies migrations from Windows NT and NDS to Windows 2000 and Active Directory.

&uot;We are thrilled to see BindView's expansion into a complete IT risk management provider as a result of the merger with Entevo,&uot; said James Whitcomb, CIO of Ashford.com. &uot;As the leading supplier of luxury products on the web, we already rely on BindView to provide security and availability for our customers. With this merger, we are confident that BindView will provide us with incomparable administration, configuration and management for our site as well.&uot;

About Entevo Corporation

Entevo Corporation helps companies manage the user population explosion - the dramatic increase in the number of people that come in contact with a company's technology infrastructure as it grows, diversifies, and evolves into an e-business. Entevo's award-winning product suite, DirectManage, includes DirectAdmin, the premier directory management solution, and DirectMigrate, the comprehensive solution for migration process management. DirectManage acts as the switchboard operator for e-business, managing connections between users and the technology resources that power intranets, extranets, and all types of e-business applications. Entevo's technology approach, which leverages Internet and directory standards, provides the most scalable and flexible solution for managing an increasingly complex e-business environment. Entevo's customers include many of the world's largest corporations and various government agencies at the federal, state, and local levels. For more information on Entevo, visit the World Wide Web:http://www.entevo.com.