CollabNet Inks Multi-Year Contract With Dresdner Kleinwort Wasserstein to Enhance Support of the Bank's Open Source Community Site

Market Wire, December, 2004

CollabNet, the leading provider of on demand distributed software development solutions, today announced it has signed a three-year agreement with investment bank Dresdner Kleinwort Wasserstein (DrKW) to broaden its support for the company's openadaptor.org open source community site.

openadaptor.org will also migrate onto the new CollabNet Enterprise Edition 3.0 collaborative development platform which allows developers from all over the world to work with the bank's openadaptor(TM) software, in an open source environment.

Openadaptor was originally created by Dresdner Kleinwort Wasserstein as a platform-independent messaging infrastructure for seamlessly integrating disparate systems. Using openadaptor, the idea was that organizations could quickly and easily connect their systems over the Internet, often without writing a line of code. In an effort to expand the utilization and benefit of external contributions to openadaptor, Dresdner Kleinwort Wasserstein decided to formally open source the technology and turned to CollabNet in 2001 to provide the hosted infrastructure and the comprehensive development platform for the openadaptor.org community site.

Since then, thousands of downloads have taken place and developers from all over the world have contributed to improving the openadaptor technology and have built mission-critical applications using the software. The new agreement with CollabNet represents the ongoing commitment from DrKW to improve upon the integration of vital business systems by strengthening its global developer community.

"Our decision to move our openadaptor software to an open source environment has been a tremendous win for us because of the additional resources and benefits gained from the many developers, both inside and outside our company, that are contributing to and improving openadaptor," said JP Rangaswami, DrKW's award-winning CIO. "CollabNet has been a major factor in the success of openadaptor because of its open and flexible development environment, and the company's depth and breadth of knowledge and expertise in working with open source projects. We look forward to deepening our relationship with CollabNet and further growing the openadaptor.org community."

CollabNet Enterprise Edition allows geographically dispersed groups of developers to collaborate on and speed the development of software projects. The CollabNet environment provides the ideal environment for open source communities and distributed entities such as openadaptor.org because it is designed for the wide-area network and is methodology-neutral allowing organizations to employ the development methodologies best suited for them. CollabNet Enterprise Edition is also delivered on demand as a managed service, slashing administration and infrastructure costs of deployment and ongoing support.

The openadaptor.org community has successfully leveraged the CollabNet environment over the past several years to create a number of new products including Bhavaya, a Java library containing a real-time persistence layer that inflates and maintains Java objects from a database. In addition, the openadaptor.org community is contributing to the next version of the openadaptor software, openadaptor3.

"Our long-standing relationship with DrKW has been extremely rewarding for us, and this new multi-year deal confirms the past successes as well as our common vision for what can be accomplished with openadaptor in the future," said Bill Portelli, president and CEO of CollabNet. "We commend the team at DrKW for its forward-thinking approach to open source openadaptor, not only for its own applications, but also to sharing it in a way that provides great benefits to its customer base."

The CollabNet development environment is helping companies gain business advantage by giving them real-time insight into the overall application development lifecycle and delivering process predictability that allows teams to mitigate business risks. It also reduces application development time through a structured framework within which the sharing and reuse of applications become manageable.

In addition to Dresdner Kleinwort Wasserstein, CollabNet also hosts open source community development projects for a number of the world's largest companies including Intel, BEA Systems, Sybase, and Sun Microsystems.

About Dresdner Kleinwort Wasserstein

Dresdner Kleinwort Wasserstein (DrKW) is the investment bank of Dresdner Bank AG and a member of the Allianz Group. Headquartered in London and Frankfurt, with an international network of offices including in leading international financial centres such as New York and Tokyo, it employs approximately 6,000 people around the world. DrKW provides a wide range of investment bank products and services to European and international clients through its Capital Markets and Corporate Finance & Origination business lines.

About CollabNet

CollabNet provides companies with solutions for on demand collaborative software development (CSD) by combining a Web-based software application with a suite of consulting services. Using CollabNet solutions, software teams can collaborate on development across multiple locations within the extended enterprise or securely integrate business partners, contractors, or offshore development firms. CollabNet enables companies to reduce costs and increase revenues by eliminating the inefficiencies and limitations of traditional LAN-based development platforms.