Pramati Acquires WaveMaker Assets from VMware

  Pramati Acquires WaveMaker Assets from VMware

Pramati to Use WaveMaker’s Visual Rapid Application Development (RAD) Platform
               to Grow and Enhance Cloud-Based Java Development

Business Wire

SAN FRANCISCO -- May 2, 2013

Pramati, a software engineering firm and incubator of innovative technology
companies that address new business opportunities in cloud, mobile, social and
big data, has officially announced the acquisition of certain assets of
WaveMaker from VMware. WaveMaker, acquired by VMware in March 2011, is a
visual Rapid Application Development (RAD) software platform that will be used
to grow and enhance Pramati’s cloud-based Java development capabilities. Terms
of the transaction were not disclosed.

WaveMaker simplifies the process of building enterprise Java applications to
boost both developer productivity and quality, without compromising
flexibility. WaveMaker applications are cloud-ready, highly scalable,
multi-device, and backed by a strong developer community that has doubled to
35,000 active monthly users over the last two years. With its long heritage of
mission-critical Java application development, Pramati expects to accelerate
this growth going forward.

“The acquisition of WaveMaker is integral to Pramati’s ongoing strategy to
efficiently bring together skills, capital, customer relationships and leading
technologies that can quickly take advantage of market opportunities,” said
Vijay Pullur, President of Pramati. “WaveMaker elegantly enhances our existing
Java and cloud development capabilities. Over the years, Gartner and other
respected voices have recognized us as a leader in Java technologies. The
WaveMaker acquisition uniquely allows us to extend our leadership, while
extending the reach of Java to non-expert developers and users.”

WaveMaker uniquely helps its users build standard enterprise Java applications
using a visual drag-and-drop paradigm that streamlines development time,
significantly reducing written code.

“WaveMaker was designed to bring high-quality Java applications to market
quickly and efficiently,” said Charles Fan, senior vice president of R&D,
Storage and Application Services, VMware. “Pramati is an established
technology company with expertise in cloud and Java technologies. We are
delighted that WaveMaker customers are in good hands.”

The addition of WaveMaker underscores Pramati’s support for Java standards in
the cloud computing era. The Pramati portfolio of companies includes
SocialTwist, a social referral marketing platform focused on customer
acquisition and retention, and Imaginea, a technology services company that
offers advisory, strategy, product development, and implementation services.

About WaveMaker Software

WaveMaker's visual, drag and drop tools significantly flatten the Java
learning curve enabling any developer to build enterprise web applications
that deploy to a standard Java platform. WaveMaker's WYSIWYG studio creates
standard Java applications with significantly less code, boosting developer
productivity and quality without compromising flexibility. WaveMaker
applications are cloud-ready and include built-in support for multiple
devices, multi-tenancy and elastic scaling. WaveMaker has a 35,000-strong
developer community and customers like the Centers For Disease Control, Macy's
and KANA. For more information, visithttp://www.WaveMaker.com.

About Pramati

Founded in 1998, Pramati is a software engineering firm with over 600 skilled
engineers. It is also a technology incubator that builds companies to rapidly
capture new market opportunities in the disruptive technologies of social,
mobile, cloud and big data. Among its companies are SocialTwist
(www.socialtwist.com), Imaginea (www.imaginea.com) and Qontext, an enterprise
social collaboration platform and Pramati company that was acquired by
Autodesk in 2012. Pramati companies serve global customers like Morgan
Stanley, ICICI Bank, Visa, Kimberly-Clark, Sara-Lee, Western Union, and many
others. Visit Pramati at www.pramati.com.

VMware is a registered trademark of VMware, Inc. in the United States and
other jurisdictions.

Contact:

Pramati Technologies
Chandrashekar Sivaraman (For India)
Vice President
+91-90030-74413
chandru@imaginea.com
or
Sparkpr
Jay Kolbe (For US)
Senior Director
646-499-1059
jay@sparkpr.com
 
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