VA Software Joins Oracle Partner Network
FREMONT, Calif. January 8, 2002 VA Software Corporation (Nasdaq:LNUX), provider of the SourceForge™ collaborative software development platform, today announced its membership in the Oracle PartnerNetwork. Through the Oracle PartnerNetwork, VA will continue to enhance SourceForge's Oracle9i Database integration module, improving the performance of its flagship product, SourceForge Enterprise Edition 3.0.
SourceForge Enterprise Edition provides engineering, R&D and IT development organizations with a centralized, integrated CSD platform, helping companies accelerate software development by improving internal visibility and control.
"The Oracle PartnerNetwork strengthens VA's relationship with Oracle, and demonstrates VA's commitment to our growing customer base of software development organizations," said Richard French, senior vice president of marketing, VA Software. "With SourceForge Enterprise Edition 3.0, VA is now able to offer customers an Oracle Database integration module for greater speed, scalability and increased performance."
SourceForge helps to ease critical software development challengesfrom coordinating distributed development teams around the globe, to improving productivity through reduced internal duplication. The same web-based platform that empowers developers to be more effective also gives managers greater insight into development issues, activities and opportunities.
About the Oracle PartnerNetwork
The Oracle PartnerNetwork is a global business network of more than 12,000 companies that deliver innovative enterprise software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork provides partners with the resources they need to be successful in today's Internet economy. Oracle partners are able to offer customers leadingedge solutions backed by Oracle's position as the world's largest enterprise software company.
About VA Software
VA Software is the provider of SourceForge™, the collaborative software development (CSD) platform used by more than a quarter million developers worldwide. SourceForge Enterprise Edition helps R&D and IT organizations accelerate development by improving internal visibility and control through a centralized, integrated CSD platform. Information on VA's SourceForge enterprise software product, services and support is available at www.vasoftware.com.
Note Regarding ForwardLooking Statements: This press release contains forwardlooking statements that involve risks and uncertainties, including statements regarding VA's: future financial performance and results of operations, including anticipated revenue, cash usage and net loss from operations; technological trends in and emergence of collaborative software development; the future functionality, market acceptance and adoption of, business potential and demand for, and efficiencies created by SourceForge enterprise software; management's strategy, plans and objectives for future operations; the impact of our restructuring, reductions in force and new business model on our operating expenses and the amount of cash utilized by operations each quarter; our intentions and strategies regarding customers and customer relationships; our intent to continue to invest significant resources in software development; our intent to develop longterm relationships and strategic alliances; competition, competitors, the bases of competition and our ability to compete; liquidity and capital resources; and sales strategy and anticipated benefits from such strategy. Actual results may differ materially from those expressed or implied in such forwardlooking statements due to various factors, including: unforeseen expenses that VA may incur in future quarters; the possibility that VA will not identify sufficient sources of expense reduction; VA's quarterly sales cycle and fluctuation in demand for VA's products and services; competition with, and pricing pressures from, more established competitors; VA's success in expanding its SourceForge enterprise software business; the risk that VA's restructuring efforts will not succeed; VA's ability to successfully attract, retain and motivate employees; the possibility of further deterioration in the general economy and its impact on VA and its current and potential customers; VA's reliance upon strategic relationships with other companies and its ability to negotiate, close and implement specific terms relating to them; rapid technological and market change; future guidelines and interpretations regarding software revenue recognition; and VA's ability to protect and defend its intellectual property rights. Investors should consult VA's filings with the Securities and Exchange Commission, including its Annual Report on Form 10K for the fiscal year ended July 28, 2001, for further information regarding these and the other risks of the Company's business. These documents are available at the SEC Web site: www.sec.gov. VA assumes no obligation to update the forwardlooking information contained in this news release.
Note: SourceForge is a trademark of VA Software Corporation. Oracle is a registered trademark and Oracle9i is a trademark or registered trademark of Oracle Corporation. All other trademarks are property of their respective holders.